企业并购理论与实践

Theory and Practice about Enterprise Merge

企业并购的实质是在企业控制权运动过程中,各权利主体依据企业产权作出的制度 安排而进行的一种权利让渡行为。企业并购成因一般是基于规模经济、交易费用、价值低估、市 场势力、多样化经营战略等方面的考虑。它促进了国家产业结构的调整,提高了企业的经济效益, 促进了生产和资产的集中,增强了竞争力。

Enterprise merge is in fact a process of enterprise control in which different owners of the enterprise rearrange their property rights. The merge is usually due to economy of scale, transaction cost, devaluation of value, market competitive power and strategies of diversified management. Enterprise merge can help improve the adjustment of state industrial structure, increase enterprise profit, centralize production and assets and enhance competitive power.