工商管理专业 企业并购对企业价值的影响--以海尔并购通用家电为例

企业并购对企业价值的影响 ——以海尔并购通用家电为例摘 要近年来，我国经济发展迅速，许多深层次的矛盾在经济发展中显现出来。企业面临着一个全新的挑战。我国的产品需求增速变缓，而产业结构升级面临着巨大压力。市场竞争激烈，加之大数据和互联网等新技术的冲击，企业试图用并购的方式来扩大市场的规模。而在这种热潮下，并购给企业带来了怎样的价值影响，是一个值得深入研究的课题。本文主要选取了海尔并购通用家电的案例，第一部分主要叙述并购的研究背景、选题意义与文献综述，第二部分主要简述并购与企业价值的相关概述，第三部分是关于海尔并购通用家电的案例背景，第四部分是本文的核心部分，通过财务数据分析企业价值的影响。第五部分是研究结论。通过研究发现：海尔并购通用家电使得海尔的盈利能力和发展能力增强，营运能力和偿债能力的部分指标有所下降，但整体还在可接受的范围。海尔并购通用家电的价值影响短期来看是具有积极意义的。这些财务数据的分析，对其他企业并购具有一定的借鉴意义。关键词：并购；企业价值；海尔；通用家电The influence of M & A on enterprise value--- takes Hair's acquisition of GE Appliances as an exampleAbstractIn recent years, China's economy has developed rapidly, and many deep-seated contradictions have emerged in the economic development. Enterprises are facing a new challenge. China's demand for products is slowing down, while the upgrading of industrial structure is facing great pressure. The fierce competition in the market, coupled with the impact of new technologies such as big data and the Internet, companies are trying to expand the size of the market through mergers and acquisitions. Under this upsurge, it is a topic worth studying in depth how mergers and acquisitions have brought value impact to enterprises.This article mainly selects the case of Haier's acquisition of GE Appliances. The first part mainly describes the research background, significance of the topic selection and literature review . The second part mainly introduces the re...