中国企业跨国并购的价值效应及配置策略研究——基于矢量分析法的理论探讨

企业通过实施科学高效的跨国并购策略,可以提升企业的整体价值,但跨国并购带来的负效应现象也是客观存在的。本文构建了中国企业跨国并购价值效应的矢量分析模型,分析了中国企业跨国并购正、负价值效应的分布规律,并以此为依据,设计了提升中国企业价值效应的跨国并购配置策略。该研究成果将为中国企业跨国并购的科学化实践提供重要的理论指导与决策参考。

Through implementing a scientific and effective cross-border M＆A strategy, enterprises can substan- tially raise their entire value. However, cross-border M＆A also brings negative effect. This paper constructs a vector analysis model of the value effect of Chinese Enterprises＇ M＆A, analyses the distribution rule of positive and nega- tive effect of Chinese Enterprises＇ M＆A. And based on these, the paper designs an allocation strategy of cross-border M＆A to improve the value effect of Chinese enterprises. This research outcome will provide important theoretical and practical significance for Chinese enterprises to implement successful cross-border M＆A.