印刷业兼并:从各自为政到联合出击

随着加入世界贸易组织和改革开放力度的加大,我国印刷业近年来出现了一些新的发展趋势,同时也面临着新的挑战。一部分企业完成了原始积累,不断提高技术和管理水平,成为基础雄厚的规模企业;而近半数的企业仍然停留在'家庭作坊'的经营模式上。这些'家庭作坊'规模小、档次低。

中国成为全球新能源投资第二大热点

根据全球咨询公司毕马威（KPMG）8日发布的调查，美国、中国、印度将是全球可再生能源产业兼并与收购投资的前三大目的地。

日本投资美国对我们的借鉴

日本经济在战后是在美国的帮衬下扶植起来的，日本经济有了起色后，马上想到扩张，先是纺织业对美国的出口，后是家电、汽车等产业到美国本土的扩张和占领，同时也投资美国的文化产业兼并美国的一些电影公司等。以至于美国前总统布什也说一些产业已经涉及到政治问题了。

联想并购IBM业务群组 中美信息技术差距加大

联想并购了IBM公司的PC(个人计算机)业务，众说纷纭，其中讨论的最大热点是中国公司能否胜任美国市场经营。笔者认为，这不是关键所在。早在20年前左右，中国国际信托公司就开始了相当规模的海外成套产业兼并和海外市场经营，其它中国企业随后也有同类兼并和经营，多年来，绝大多数并购公司都获得了良好业绩。此外，PC市场早已相当成熟。

Political Connection, the Nature of Property Rights, and Enterprise M＆A Performance——Empirical Study based on the Panel Data of Listed Companies

Mergers and acquisitions （M＆A） are the important methods to quickly acquire external resources, achieve the economies of scale and the economies of scope, improve market share, and expand the scale of enterprise, while M＆A performance is an important index to measure if enterprise M＆A is successful. In this paper, the influence of entrepreneurs＇ political connection on the M＆A driving factors and M＆A efficiency of the enterprises with different property rights are analyzed using 357 mergers and acquisitions of China＇ s 189 listed companies in 2005-2011 as samples based on the distinction between political connection and the nature of enterprise property rights. The results show that the political connection plays a very significant positive influence on the M＆A performances of the central state-owned enterprises and private enterprises, but exerts a very significant negative influence on the local state-owned enterprises; the intensity of entrepreneurs＇ political connection also plays a certain influence on enterprise merger and acquisition, and the central political connection and the local political connection are significantly different in the influence on the enterprise M＆A performance.

事件

中国成为全球新能源投资第二大热点 根据全球咨询公司毕马威（KPMG）6月8日发布的调查，美国、中国、印度将是全球可再生能源产业兼并与收购投资的前三大目的地。