【作者】 吴本贵；

【导师】 陈治亚；

【作者基本信息】 中南大学 ， 物流工程， 2007， 硕士

【摘要】 20世纪90年代以来,由于对外开放和经济持续快速增长,我国快递业发展迅速,市场的竞争日趋激烈,国内快递企业的发展受到严重的挑战。并购重组是实现企业扩张和发展的捷径,是市场经济下资源优化配置作用的表现和结果,与自身不断积累的渐进式发展模式不同,它给企业带来的更多是跳跃式甚至是几何级数的发展。因此,研究如何通过并购,提升我国国内快递企业的竞争力,促进我国快递市场的结构调整具有重要的现实意义。本文以并购相关理论为基础,按照市场——行为——绩效(SCP)分析框架,研究了我国快递行业目前的总体市场结构,并根据快递产品的需求特征对快递市场进行了细分;在此基础上,分析了不同细分市场的不同竞争者的并购动机和采取的相应并购模式,并根据不同市场结构下的并购行为可能遇到的障碍提出相应对策;在总结了快递企业并购实施过程的三个阶段基础上,提出了影响快递企业并购后整合的三个主要因素及其相应对策,并建立了并购绩效的综合评价模型,最后对中铁行包和中铁快运的合并重组进行了实证研究。更多还原

【Abstract】 Since the 1990’s, with opening to the outside world and sustained and rapid growth of Chinese economy, the China express industry has obtained rapid development,which brings more intense competition in the express market and more challenge to domestic express enterprises. Merger and Acquisition (M&A) is "shortcut"of the enterprise’s growth, also is the result of optimum disposition of economical resources in the market economy. Different from accumulation by enterprises themselves, M&A can bring enterprises leap-forged development and increasing with geometric series. So, how to improve competing abilities of domestic express enterprises through M&A, and acceleratead ustment of our express market, is a vital and practical problem.Based on the correlative theories of M&A, this article uses Structure—Conduct—Performance (SCP) analyse frame to research our express market macrostructure, and subdivide the express market according to requirement character. In different subdivided market, after analyzing different participator’s motivation of M&A, the article sums up different modes of M&A. Meanwhile, the article analyzes the obstacles of M&A and proposes corresponding suggestions. This article also summarizes three processes of M&A, and establishes M&A performance evaluation model. At last, combining with an example of Merger and Recombination between China Railway Express Co., Ltd (CRE) and China Railway Parcel Express Co., Ltd (CRPE), this paper analyzes the M&A motivation, mode and performance evaluation.更多还原