企业兼并动机、规模及其收益的经济学分析

The Economic Analysis of the motive, scale and income of the enterprise's Merger and Accquisation

本文从经济学的角度分析了企业兼并的动机、规模及其收益,从而引申出对我国企业界有指导意义的两点结论——企业兼并活动是企业在市场经济条件下为适应环境变化而采取的一种战略选择,而不应该成为政府行政任务的一部分;企业管理资源的“囤积”是企业兼并的前提条件,管理技术、方法的日益现代化,管理水平的不断提高是扩大企业最优兼并规模的基础。

This text analyses the motive, scale and income of the enterprise s combination from economics, and we get two conclusions which will help the enterprises in china--The enterprise's M&A should be one choice of the enterprise, it should not be the mission of the government;The level of management is the basis of the enterprise's scale.