企业并购动因和目的析论

Analysis of the Fundamental Cause and Aim of M&A

本文通过对企业并购（M＆A）特点的综述，采用比较分析的方法，在对比分析美国和日本企业并购的动因和目的的基础上，对我国正在实施企业并购的动因和意义进行了探讨。认为，从宏观的角度讲，企业并购是产业重组、经济增长、市场组织和科技进步的需要；从微观的角度讲，企业并购是企业为了自身的生存与发展，获得技术、强化竞争和优势互补。

By summarizing the characteristics of M&A,based on analyzing the fundamental cause and aim of M&A by a comparison between American and Japanese enterprises,this paper investigates the fundamental cause and aim of M&A which are being carried out in our Country. In the paper, the author thinks that, from the macroscopic point of view, M&A is the need of industrial recombination,economic growth, market organization, and scientific and technical progress; from the microscopic point of view,it is necessary for enterprises to survive and develop,to acquire technology ,to intensify their competitive power and to compensate their superiority mutually.