中国企业跨国并购财务绩效研究分析 工商管理专业VIP免费

中国企业跨国并购财务绩效研究【摘要】伴随着经济全球化和改革开放的深入，越来越多的企业把目光着眼于海外市场，开始了企业跨国并购的历程。然而，目前中国企业对跨国并购的理解、参与程度还远远不够，企业对国际化战略的选择也缺乏充分的准备,因此对于研究中国企业跨国并购具有重要性和必要性。本文主要采用了事件研究法、财务指标法、案例分析法分析了中国企业跨国并购财务绩效并通过TCL集团跨国并购案例进一步分析影响、制约企业跨国并购发展的因素，最后针对存在制约的因素提出相应的对策和建议。【关键词】中国企业跨国并购财务绩效TheAnalysisofChineseEnterprisesTransnationalMergerFinancialPerformance【Abstract】Withthedevelopmentofeconomicglobalizationandreformandopening-up,moreandmoreenterprisespaymuchattentiontotheoutsidemarket,whichmadethembeginthejourneyofCross-borderMergersandAcquisition.However,thecomprehensionandparticipationofChineseenterprisesintheCross-borderMergersisnotcorrectlyenough.What’smore,lotsofenterpriseslackasufficiencypreparationtothechoiceofinternationalstrategic.Asaresult,itisimportantandnecessaryforustostudyCross-borderMergersandAcquisition.Thepaperfocusontheevent-studymethodology,financialindexmethodandindividualcasesanalysistoresearchfinancialperformance，meanwhile,wemakefurtherinvestigationsofthemainfactorswhichaffectChineseenterprises’financialperformancebymeansofanalyzingthecaseofTCLcompany.Atlast,weputforwardsomeusefulsuggestionsaccordingtotherestrictmattersofChineseenterprisesintheCross-borderMergers.【keywords】ChineseenterprisesCross-borderMergersandAcquisitionfinancialperformance目录一、概述....................................................................................................................................................3（一）并购的概念...........................................................................................................................3（二）跨国并购理论.......................................................................................................................3（三）跨国并购财务绩效...............................................................................................................3二、中国企业跨国并购现状及财务绩效影响因素分析......................................................................4（一）中国企业跨国并购发展现状...............................................................................................4（二）跨国并购财务绩效影响因素分析.......................................................................................41.汇率的影响..........................................................................................................................42.企业规模的影响..................................................................................................................43.文化差异的影响..................................................................................................................44.选择支付手段的影响..........................................................................................................55.政府参与并购交易的程度..................................................................................................5三、跨国并购财务绩效评价方法............................................................................................................5（一）事件研究法............................................................................................