中国企业跨国并购的空间非均衡性及动态演变

The Imbalance and Dynamic Evolution of Chinese Enterprises Transnational Merger and Acquisition

跨国并购是企业发展到一定程度的必经之路,自2004年以来,中国企业"走出去"取得了丰硕的成果,交易金额和并购案例都屡创新高,但也存在并购行业及地区较为集中的现象。文章通过构建Gini(基尼)指数、Atkinson(阿特金森)指数及Theil(泰尔)指数等来衡量中国企业跨国并购的空间非均衡程度,分析2004—2014年中国企业跨国并购动态演化,并提出相关政策建议。

Cross-border merger and acquisition is an inevitable way after enterprise development reaching certain extends. Since2004,Chinese enterprise＂going out＂has achieved fruitful results,transaction and the merger and acquisition cases have reached new highs,though the industry and location of the merger and acquisition are concentrated. This paper constructs the Gini index,the Atkinson index and the Tal index to measure the degree of space imbalance of Chinese enterprises transnational merger and acquisition,and to analyze its dynamic evolution between 2004 and 2014. Policy suggestions to optimize Chinese enterprises transnational merger and acquisition are also proposed.