退市制度背景下提升企业并购绩效的对策研究

On Countermeasures of Improving Enterprises' Merger & Acquisition Performance Under Delisting System

在中国特殊的经济金融环境以及资本市场退市制度设立与改革背景下,提升退市企业并购绩效宜从三个方面着手:一是明确并购动机科学评估退市企业,选择合适的目标企业;二是把控并购交易规模与交易时机,确定有效并购操作方式;三是资源有效配置并积极配合政府监管,实现有效资源重组。

Under the background of Chinag special economic and financial environment, to improve the merger ＆ acquisition （M＆A） performance of the delisted enterprises shall be done from the following three aspects, firstly confirming the motivation of M＆A of the enterprises and scientifically assessing the delisted enterprises by choosing a suitable target enterprises ; secondly, confirming an effective payment of M＆A by controlling the size and timing of transactions of M＆A ; lastly, configuring the resources regulated by the governments at all levels, so as to reorganize the enterprise＇s resources.