【摘要】 文章基于知识、能力、资源关联与互补的三维度动态视角,分析了企业集团战略并购的基础、潜力及知识、能力、资源的双向动态转移过程,在此基础上分别从静态协同效应、动态协同效应两个层次深入剖析企业集团战略并购协同效应的产生机理和协同价值的创造过程,最后应用三阶段增量DCF模型以及协同效应实现风险系数对集团战略并购的协同价值和风险估计分别进行了量化测度。本文为企业集团战略并购提供了科学的决策依据、系统的分析框架和缜密的量化测度方法。更多还原

【Abstract】 Based on the correlation and interaction of knowledge,capability and resource,this paper analyzes the basis and potential of enterprise group strategy M&A.The paper also explains the mechanism and procedure of synergy effect and value-creation in terms of static and dynamic synergy effects.In the end,the paper brings forth the measurement method for synergy value and risk according to three-stage DCF model and the risk coefficient of synergy effect reality.The methods and models of this paper provide decision foundation,analytical framework and measurement method for enterprise group strategy M&A.更多还原