企业并购与融资约束关系的研究述评

Review on the Relationship between M&A and Financing Constraints

在高质量发展和防风险的工作要求下,亟需理论界展开改善企业融资约束、优化并购决策、提高并购绩效、防范并购风险的创新性研究。通过回顾国内外相关文献,深入分析了融资约束的测度指标及其与企业并购的关系,有助于深入探究融资约束在企业并购中的角色和作用机理。

Under the requirements of high-quality development and risk prevention, it is urgent for the theoretical circle to carry out innovative research on improving enterprise financing constraints, optimizing M&A decision-making, improving M&A performance and preventing M&A risks. Reviewing relevant literature at home and abroad, the paper deeply analyzes the measure index of financing constraints and its relationship with M&A, which is helpful to further explore the role and mechanism of financing constraints in M&A.