跨国并购与完善公司治理结构

Corporate Governance Improvement And International M&A

跨国并购有利于改善外商直接投资的质量,完善公司治理结构。随着资本市场的逐步开放,我国传统的公司治理结构下所暴露出来的代理风险和国有资产流失问题日渐突出,治理观念和外部环境均难以满足跨国并购所需要的基本条件。因此研究有助于实现完善公司治理结构与吸引跨国并购双赢的政策措施,对降低企业并购成本,实现国际资本融合有着十分重要的现实意义。

Fetching international merger and acquisition (M&A) will be propitious to improve foreign direct investment(FDI)quality and corporate governance. Along with the capital market gradually opening to outside, such problems under our traditional corporate governance as agency risk and outflow of nation-owned assets stand out greatly. The present governance concept and capital environment can hardly satisfy the postulate required by M&A. So I think it is a meaningful policy research which helps to realize win-win situations both for corporate governance improvement and for M&A attraction, and to reduce M&A cost and realize international capital amalgamation.