关于企业并购成败判定标准的思考

The Judged Criterion Exploration of M&A's Success and Failure

从目前专家学者关于企业并购成功与失败的研究结果来看,国外并购的失败率在60%以上,国内并购成功率仅为20%左右。文章根据西方管理学派的协同效应理论和马克思的社会平均利润率理论,得出应以"并购能否带来更多的社会财富"、"并购后企业经营业绩是否低于同行业平均水平"作为判定企业并购成败的基本标准。

From the studied result of M＆A＇s success and failure, the rate of failure abroad is more than 60 percent, and the rate of success in our country is about 20 percent. According to the theory of western management school＇s synergy effect and Karl Max＇s average social profit rate, It concludes that the criteria of merger＇s success and failure are whether the merger can bring about more social wealth and whether the running performance of post - merger is lower than the average level of its industry.