摘要
购并在企业发展中具有重要的作用 ,它是增强企业核心竞争能力 ,实现规模经济效应的有效途径。企业要综合考虑购并所带来的正面及负面效应 ,否则有可能使企业陷入经营困境。本文从交易成本和管理成本入手 ,借助于均衡模型 ,对购并企业适度规模问题进行探讨。
Acquisition/merger (A&M)is very important in the development process for an enterprise.It is an effective way for an enterprise to strengthen the core competitive abilities and to realize the benefits for scale economy.Enterprises should take account of both positive and negative effects from acquisition/merger so as to avoid the likely dilemmas caused by acquisition/merger.Assisted by the Equilibrium Model,the paper discusses the scale of for the acquisition/merger of an enterprise from the angle of transaction and management costs.
出处
《财经研究》
CSSCI
北大核心
2002年第1期76-80,共5页
Journal of Finance and Economics