并購(gòu)重組中融資問(wèn)題的研究
發(fā)布時(shí)間：2018-03-02 06:10
本文關(guān)鍵詞： 并購(gòu)市場(chǎng) 杠桿收購(gòu) 并購(gòu)基金 高收益?zhèn)?/strong> 出處：《上海交通大學(xué)》2012年碩士論文 論文類型：學(xué)位論文
【摘要】：并購(gòu)作為企業(yè)融資來(lái)源和資源有效配置的手段之一，在近些年的經(jīng)濟(jì)社會(huì)發(fā)展中起到越來(lái)越重要的作用。在國(guó)家促進(jìn)企業(yè)并購(gòu)重組及十二五規(guī)劃產(chǎn)業(yè)整合的政策支持下，并購(gòu)將成為下一個(gè)中國(guó)經(jīng)濟(jì)快速發(fā)展浪潮的主要特征之一。相比于國(guó)外并購(gòu)市場(chǎng)，國(guó)內(nèi)并購(gòu)無(wú)論是在并購(gòu)規(guī)模、成熟度，還是資金配套，相關(guān)法律環(huán)境體系方面都還有待成熟。本文系統(tǒng)的分析了國(guó)外并購(gòu)市場(chǎng)，結(jié)合了其發(fā)展的經(jīng)驗(yàn)及中國(guó)目前的實(shí)際情況，，歸納了中國(guó)并購(gòu)市場(chǎng)存在的問(wèn)題，并總結(jié)出并購(gòu)資金來(lái)源是當(dāng)前該行業(yè)發(fā)展的主要瓶頸。在當(dāng)前的中國(guó)經(jīng)濟(jì)發(fā)展形勢(shì)下，通過(guò)各方面的支持推出并購(gòu)基金將能促進(jìn)并購(gòu)行業(yè)的極大發(fā)展。 本文首先梳理了并購(gòu)中常用的概念及文獻(xiàn)綜述，界定了杠桿收購(gòu)、債務(wù)型融資、并購(gòu)基金相關(guān)概念，然后總結(jié)分析了中西并購(gòu)市場(chǎng)發(fā)展的狀況；后一部分探討了并購(gòu)基金在中國(guó)沒(méi)有廣泛形成的原因，并根據(jù)目前現(xiàn)狀對(duì)各方共同推出并購(gòu)基金提供了相關(guān)的建議。作者希望通過(guò)本文的研究，使大家對(duì)中國(guó)并購(gòu)市場(chǎng)及并購(gòu)基金的發(fā)展有一個(gè)清晰的認(rèn)識(shí)，并能對(duì)我國(guó)從事并購(gòu)的業(yè)內(nèi)人士提供有益的幫助。
[Abstract]:M & A, as one of the effective means of financing and resource allocation, plays a more and more important role in the economic and social development in recent years. With the support of the national policy of promoting the merger and reorganization of enterprises and the industrial integration of the 12th Five-Year Plan, M & A plays a more and more important role in the economic and social development. M & A will become one of the main characteristics of the next wave of rapid economic development in China. Compared with the foreign M & A market, domestic M & A is not only in M & A scale, but also in maturity and capital matching. The related legal environment system is still to be mature. This paper systematically analyzes the foreign M & A market, combined with its development experience and China's current actual situation, summarizes the existing problems in the Chinese M & A market. It is concluded that the source of M & A funds is the main bottleneck of the current development of the industry. Under the current situation of China's economic development, the introduction of M & A funds through various aspects of support will promote the development of M & A industry. This paper firstly combs the commonly used concepts and literature reviews in M & A, defines the concepts of leveraged buy-out, debt financing and M & A fund, and then summarizes and analyzes the development of M & A market between China and the West. The latter part discusses the reasons why M & A funds have not been widely formed in China, and provides relevant suggestions for the joint introduction of M & A funds according to the present situation. So that everyone has a clear understanding of the M & A market and the development of M & A funds in China, and can provide beneficial help to the industry engaged in M & A in China.
【學(xué)位授予單位】：上海交通大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2012
【分類號(hào)】：F271;F832.51
【參考文獻(xiàn)】
相關(guān)期刊論文 前3條
1 黃亞玲;;論私募股權(quán)基金杠桿收購(gòu)與債券市場(chǎng)的發(fā)展[J];國(guó)際金融研究;2009年08期
2 ;把握機(jī)遇,大力發(fā)展 我國(guó)私募股權(quán)投資基金[J];科技智囊;2011年11期
3 慈向陽(yáng);趙德余;;中國(guó)資本市場(chǎng)非均衡原因及多層次性建設(shè)探討[J];現(xiàn)代財(cái)經(jīng)(天津財(cái)經(jīng)大學(xué)學(xué)報(bào));2011年04期
相關(guān)博士學(xué)位論文 前2條
1 韓鷹東;戰(zhàn)略驅(qū)動(dòng)型企業(yè)并購(gòu)研究[D];遼寧大學(xué);2011年
2 郭旭東;不同金融市場(chǎng)條件下杠桿收購(gòu)模式的研究[D];天津大學(xué);2009年
相關(guān)碩士學(xué)位論文 前1條
1 付靜;我國(guó)管理層收購(gòu)典型融資模式研究[D];首都經(jīng)濟(jì)貿(mào)易大學(xué);2011年
本文編號(hào)：1555332
本文鏈接：http://www.sikaile.net/guanlilunwen/zhqtouz/1555332.html
最近更新
教材專著
