核心能力、整合能力及方向与并购绩效的关系

Research on Relationships among Core Competence,Integration Capability and M&A Performance

"越来越多的中国企业通过并购获得外部技术,但并购失败率却居高不下"的现象是目前并购理论难以回答的问题。从战略管理学的角度,尝试回答这一问题。以知识资源观为基础,以整合能力、整合方向分别为中介变量和调节变量,建立核心能力、整合能力及方向与企业并购绩效关系的理论框架和研究命题,界定核心能力、整合效果对并购绩效的影响和作用机制。

It is not yet valid answer to the problem that high failure rate has existing in acquisition,although more and more firms buy external technology by acquisition,so the article intends to resolves the question from the view of strategy management.Therefore,a theoretical framework and some propositions are developed among core competence,integration capability and direction and MA performance,based on knowledge-based view of firm,and integration capability and direction are mediating variable and moderating variable respectively.Lastly,the article identified how core competence and integration power and direction affect MA performance and their mechanism.