钢铁企业横向并购中知识转移影响因素的路径分析

Path analysis on influencing factors of knowledge transfer in horizontal M&A of iron and steel industry

本文利用在西南地区钢铁企业横向并购过程中采集的数据,对企业并购过程中影响知识转移的相关因素进行了探索性路径分析。研究结果表明:在钢铁行业中,收购企业与被收购企业有关知识的先天条件对于知识转移的层次、实施过程以及转移效果均没有显著影响,而两者却对于并购动机产生正面影响,且呈显互补关系。收购企业有关知识的先天条件对于知识转移投入没有显著影响。并购动机正面影响知识转移层次与投入,知识转移层次只正面影响实施过程,而知识转移投入正面作用于实施过程与转移效果,知识转移实施过程对转移效果有正面作用。最后本文分析了上述结论的内在成因,并提出了相应的对策建议。

The authors of this paper survey horizontal M＆A cases from iron and steel industry in southwestern China to explore relationships between initial factors, preparative and implementation process, performance of knowledge transfer through path analysis method. The results show that initial factors about knowledge of the acquiring corporation and the counterpart have not any significant impact on levels, implementation and performance of knowledge transfer during horizontal M＆A, but they have positive impact on motivation of M＆A and have mutual complementary relationships. The initial factors about knowledge of the acquiring corporation have not any significant impact on devotion . the motivation of M＆A has positive impact on levels and devotion of knowledge transfer . The levels of knowledge transfer only has positive impact on implementation process and the same with devotion of knowledge transfer on implementation process and performance, the implementation of knowledge transfer has positive impact on performance. Finally the authors put forward some suggestions.