本文選題：資產(chǎn)并購 + 價值評估��； 參考：《西南交通大學(xué)》2013年碩士論文

【摘要】：資產(chǎn)并購對全球經(jīng)濟(jì)發(fā)展的影響愈來愈大,各國政府及企業(yè)對資產(chǎn)并購也越來越重視。但資產(chǎn)并購是一把雙刃劍：成功的并購?fù)軌蚴蛊髽I(yè)實現(xiàn)跳躍性的快速增長,而資產(chǎn)并購失敗不但不能實現(xiàn)自身的高速發(fā)展,很多時候也會使企業(yè)陷入困境。如何才能實現(xiàn)成功并購,首先關(guān)鍵是要做好目標(biāo)企業(yè)的價值評估,其次要綜合考慮其他相關(guān)因素對資產(chǎn)并購的因素,然后針對這些影響因素,制定出切實可以的應(yīng)對措施,才能確保成功并購。 本文首先通過重點介紹了有關(guān)企業(yè)資產(chǎn)并購以及企業(yè)價值評估的相關(guān)理論,接著以C公司并購SZZ投資項目為例,就公司并購動因分別從市場需求、管理需求、技術(shù)需求及資源需求等四個方面進(jìn)行了闡述,然后運用資產(chǎn)價值評估法、現(xiàn)金流量貼現(xiàn)法和市場比較法等三種價值評估方法對SZZ投資項目進(jìn)行價值評估,并結(jié)合C公司的并購策略展開分析,總結(jié)了各種方法的優(yōu)缺點及其適用范圍,選擇出了適合SZZ公司自身特點的企業(yè)價值評估方法。最后,為保障C公司并購SZZ投資項目成功實施,分別從法律環(huán)境、納稅籌劃、戰(zhàn)略協(xié)同機(jī)制建立、目標(biāo)企業(yè)文化融合等多個方面影響因素進(jìn)行了分析,并結(jié)合實際情況,提出了具體的保障措施。 本文依據(jù)資產(chǎn)并購和價值評估的相關(guān)理論知識,結(jié)合并購企業(yè)的并購動因,運用價值評估的方法,對目標(biāo)企業(yè)展開價值評估和分析研究,針對企業(yè)并購的影響因素,提出了企業(yè)并購順利實施的保障措施。希望這一對C公司并購SZZ投資項目研究,能為類似企業(yè)的并購順利實施提供一定的參考和借鑒作用。
[Abstract]:Asset mergers and acquisitions have more and more influence on global economic development, and governments and enterprises of various countries have also attached more and more importance to asset mergers and acquisitions. But asset merger and acquisition is a double-edged sword: successful mergers and acquisitions can often make enterprises achieve rapid growth leaps and bounds, and the failure of asset mergers and acquisitions not only can not achieve their own high-speed development, but also make enterprises fall into difficulties. How to achieve a successful merger and acquisition, the first key is to do a good job of the value evaluation of the target enterprise, second, we must consider the other relevant factors to the asset merger and acquisition factors, and then to these factors, to formulate a practical response measures, To ensure a successful acquisition. This paper firstly introduces the related theories of enterprise asset merger and acquisition and enterprise value evaluation, then taking C company M & A SZZ investment project as an example, analyzes the motivation of M & A from market demand and management demand, respectively. Four aspects of technical requirements and resource requirements are expounded, and then three valuation methods, namely, asset value evaluation, cash flow discount method and market comparison method, are used to evaluate the value of SZZ investment projects. Combined with the M & A strategy of C Company, this paper summarizes the advantages and disadvantages of various methods and their scope of application, and selects the enterprise value evaluation method suitable for SZZ Company's own characteristics. Finally, in order to ensure the successful implementation of M & A SZZ investment project of C Company, this paper analyzes the influencing factors from the aspects of legal environment, tax planning, establishment of strategic coordination mechanism, integration of target corporate culture and so on, and combines with the actual situation. Specific safeguard measures are put forward. Based on the theoretical knowledge of asset M & A and value evaluation, combined with the M & A motivation of M & A enterprises, this paper uses the method of value evaluation to carry out value evaluation and analysis to the target enterprises, aiming at the influencing factors of M & A. This paper puts forward the guarantee measures for the smooth implementation of M & A. It is hoped that the research on C company M & A SZZ investment project can provide some reference and reference for the successful implementation of M & A of similar enterprises.
【學(xué)位授予單位】：西南交通大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2013
【分類號】：F426.6;F271;F426.92

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本文編號：1866130