企业并购与政府行为分析

Analysis of Government Act in M&As of Enterprises

在我国企业并购制度壁垒和市场制度功能缺位的双重约束下 ,企业并购中的政府行为具有行政协调、替代市场和保障的功能 ,但同时又存在政府行为的效率悖论 ,以完善的法律规范企业并购中的政府行为 ,合理划分中央与地方产权权限刻不容缓。

The Chinese government act in the M&As of enterprises has the functions of administrative coordination and substitution of market and the function of guarantee in the twofold restraints of the function lack of market system and enterprise M&As system barrier. But at the same time the efficiency paradox of the government act exists, so it is urgent to standardize the government act in M&As of enterprises with perfect law and reasonably demarcate the jurisdiction of the central and the local property rights.