中国企业海外并购的动因及风险研究——以吉利汽车收购沃尔沃为例

The Case Study About the Overseas M&A of Chinese Enterprises

经济全球化的背景下,并购整合是价值创造的来源和并购成功的重要保证。企业通过并购整合扩大规模,提升竞争力,应对国际化风险。文章通过吉利汽车收购沃尔沃汽车这一案例,详细分析了中国企业海外并购的战略转型动因、协同效应动因、市场份额动因和核心技术动因,以及海外并购的政治风险、市场风险以及整合风险,并提出相应的对策建议。

The Greely Group Limited has sighed agreement eventually with Volvo,which belongs to American Ford in Gothenburg,Sweden,on March 28,2010.According to the agreement,The Greely Group Limited has spent $1.8 billion on Volvo＇s 100% equity and related assets.This MA,which is the most important acquisition events in Chinese history,got the global concern.In the background of economic globalization,MA is the source of value creation and the important guarantee of mergers.The enterprise expands its scale,enhance its competitive force and deal with international risk via MA.This paper takes the Greely takeovers Volvo as an example to analyses deeply about the reasons and risks on MA of Chinese enterprises,and also the advice on overseas MA.