跨国并购

并购是实现资本市场资源优化配置、提高效率的重要途径，跨国并购作为国际直接投资的重要形式，在国际投资中发挥着巨大的作用，大有超越绿地投资的势头。

M A ( mergers and acquisitions ) is an effective way to achieve optimal allocation of capital market resources and to improve efficiency . Cross-border M A as an important form of FDI , plays a huge role in international investment .

第三部分回顾和总结了国外有关并购经验、跨国并购绩效的研究现状，重点分析了两者之间的关系，其中也分析了跨国并购绩效的测量方法及影响因素，为文章的分析奠定了理论基础。

The third section reviews and summarizes the relevant foreign experience in M A , cross-border M A performance Research , focused on analyzing the relationship between them .

不过15个月，它就成了告诫人们留心跨国并购中陷阱的警世故事。

Barely fifteen months later , it has become a cautionary tale of the pitfalls of international mergers and acquisitions

全球跨国并购发展对我国利用FDI的启示

The Revelations of Global Cross-border Merger and Acquisitions ' Development for Utilizing FDI in China

中国企业跨国并购中文化整合模式的选择及其启示&以联想集团并购IBM个人电脑事业部为例

Selection and Enlightenment of Cultural Synergy Patters of Chinese Enterprises in Cross & national Merger and Amalgamation

基于DEA的跨国并购影响下的产业安全评价

Research of the Industrial Security under the Impact of Cross-border Mergers & Acquisitions Based-on DEA Method

加入WTO，中国汽车工业必然要参与到国际化的进程中，中国汽车工业参与跨国并购既具有可行性也具有必要性。

With WTO accession , China automotive industry has merged certainly in the international progress , participating the transnational consolidation by China automotive industry has the feasibility and necessity .

随着20世纪90年代第五轮并购浪潮的推进，跨国并购日益发展成为FDI的主要方式，外资并购我国上市公司的事件不断上演。

Since the fifth tide of M & A in 1990s , cross-border merger and acquisitions have become a major mode of Foreign Direct Investment .

20世纪90年代末韩国以跨国并购吸引FDI对我国具有多方面的启示。

China has much to learn from Korea 's experience of attracting FDI through transnational merger and acquisition in the late years of the 1990s .

20世纪90年代末期，我国政府就已注意到了世界上风起云涌的跨国并购热潮，并逐步调整吸引外资的策略，特别是加入WTO以后，我国相关政策法规出台的步伐明显加快。

At the end of 1990s , China government has paid attention to the gigantic cross-border M & A wave in the world and adjusted the policies of attracting foreign capital gradually .

合取范式化为析取范式的DNA表面计算中国银行业跨国并购的策略选择&基于OLI框架的分析

A Surface-based DNA Algorithm for the Conversion of Conjunctive Normal Form into Disjunctive Normal Form The Policy of the Chinese International Bank Buying

20世纪90年代中期以来，外国向日本的直接投资持续增长，在日本新增的FDI流入流量中大多是通过大型跨国并购来完成的。

Direct foreign investment in Japan keeps increasing ever since the 1990s , and most of the increased FDI influx volume recently in Japan is carried out by large-scale transnational merging purchase .

另一方面，作为FDI的最主要形式，跨国并购在全球性的资源配置、市场竞争和经济结构调整中，发挥着越来越重要的作用。

As a major part of FDI , Merger and Acquisitions ( M & A ) has been playing an increasingly important role in global resources allocation , competition and economic structural adjustment .

国企改革的深化，企业并购活动的增加以及加入WTO后面临更多的跨国并购的挑战等都迫切要求大力发展和丰富我国资本市场的金融工具。

Considering the deepening of state-owned enterprise reform , the increasing of mergers and acquisitions and the challenge of more multinational mergers and acquisitions after entering WTO , we should provide more financial tools in China 's capital market .

与此同时，随着我国加入WTO，市场开放程度大大加快，外国资本对我国的直接投资和跨国并购呈现出继续增长的趋势。

Along with china joined the WTO , China 's Market-opening process has been accelerated . The foreign capitals ' direct investment and transnational mergers and acquisitions ( transnational M & As ) to China appeared an increasing tendency .

1997年的韩国金融危机，为跨国并购提供了良好的契机，同时，韩国以跨国并购形式吸引FDI也为韩国尽快摆脱金融危机的阴影做出了不可否认的贡献。

In the financial crisis in 1997 an opportunity was provided for transnational mergers and acquisitions , and the country 's using this form of investment to attract FDI has made undeniable contribution to getting out of the crisis .

有关统计资料揭示，伴随着经济全球化的发展、全球产业结构的调整和新技术的进步，跨国并购日益成为跨国公司进行对外直接投资（FDI）主要形式。

According to relevant statistics , cross-border M & A has been the main mode of direct investment of multinational companies with the development of economic globalization , adjustment of global industry structure and rapid progress made in the new technologies .

企业竞争的日趋白热化，国内外环境的不断变化，使得TMT产业的发展具有跨行业并购和跨国并购的特点。

Business competition becomes more intense , ever-changing domestic and international environments , making the TMT industry with cross-industry mergers and acquisitions and cross-border M & A feature .

本文将HHM等级全息建模运用到我国汽车制造业企业跨国并购风险的识别过程中，进行风险的识别。

In the paper it applied HHM model to overseas M & A of the automobile manufacturing enterprises in China to identify risks .

其次，介绍了并购风险管理理论，风险&收益对称理论和实物期权估价理论在并购估价中的应用，并介绍了商业银行跨国并购估价风险评估的模糊综合评估模型和VaR评估模型。

Second , the thesis applies managerial theory of the risk in M A , risk-profit symmetry theory and real option theory used in assessment of M A. It provides the vague and comprehensive model as well as VaR assessment models to multinational M A risk assessment in commercial banks .

跨国并购的盈利可能性：一个经济学分析框架

Analyzing of the Profitability of Cross - border M & A

实施跨国并购，提高R＆D能力；

Merging in different country to improve R & D capability ;

跨国并购与我国资产评估法的完善

International Acquisition and the Perfecting of Assessing Property Law in China

效率导向型的跨国并购研究&基于发展中东道国视角

Studies on Effiency - Oriented Cross - border Mergers & Acquisitions

本章首先介绍了西方有关跨国并购动因方面的理论，然后结合中国国情提出了外资并购中国企业的具体动因。

The last section introduces foreign M & As in China .

制造业企业的跨国并购、重组和整合；

Transnational merger , reorganization and combining of enterprises of manufacturing industry ;

外资跨国并购国有企业的法律问题研究

Research on Legal Issues in M A State-Owned Enterprise by Foreign Capital

政策因素和市场因素成为跨国并购在华区位选择的重要决定因素。

Policy determinants and market determinants become the most important decisive factors .

跨国并购的技术寻求动因解析

The Analysis of Technology-seeking Incentive in Transnational M & A

李东生：跨国并购的战略家

Li Dongsheng : A Strategist of Multinational Mergers & Acquisitions