【作者】 林涛；

【导师】 文先明；

【作者基本信息】 长沙理工大学 ， 工商管理（专业学位）， 2015， 硕士

【摘要】 基于整合资源战略和获取竞争优势的企业并购行为,一直深受企业高管和学术专家的关注和亲睐。当前我国经济面临着前所未有的挑战和机遇,行业调整、企业洗牌在全球范围内展开,中国企业并购活动日趋活跃,而对于我国玻璃行业严重同质化,竞争激烈的局面下,金融机构的融资介入,有利于解决并购活动所需资金的融通问题,推动并购行为的稳步进展,进而企业横向之间的并购行为更加有利于整个行业资源整合优化和财务绩效的协同改善。A集团有限公司成立于2009年,经营范围包括玻璃制品制造和销售、太阳能电池组件及其应用产品生产、房地产开发经营等实体投资等,以玻璃制造为主,房地产开发为辅的多元化发展的现代企业集团。通过雄厚的资产规模和良好的经营管理,A公司期望通过企业并购项目以提高市场竞争力和扩大市场占有率,促进玻璃行业的资源整合和产业升级。本文以M银行参与A企业并购案例及其经济结果为研究对象,进行实际调查研究,掌握有关企业并购的第一手资料。通过文献研究法,调查研究法,案例分析法等方法,对并购行为中的收购方和被收购方的经营概况进行了全面详细的概括,分析了收购方的规模实力和资源优势,在基于锁定被收购方目标资产的前提下,通过设计有针对性的融资方案和重整计划,实现收购方和被收购方的协同促进效应,提升并购双方的管理效能和市场竞争力,同时提升M银行的投资收益和融资效益,从而实现多赢的结果。更多还原

【Abstract】 Integration of resources based on strategy and mergers and acquisitions to gain a competitive advantage in behavior,has been well received by business executives and academic experts attention and pro-Lai.Under China’s current economy is facing unprecedented challenges and opportunities for the industry to adjust,business reshuffle in the global expansion,China has become increasingly active M&A activity,and for the serious homogenization of China’s glass industry,a highly competitive situation,the financing of financial institutions intervention required to help solve the problem of factoring financing M&A activities,promote the steady progress of mergers and acquisitions,corporate mergers and acquisitions and then laterally between the more benefit the whole industry resource integration and optimization of synergies and improve financial performance.A Group Co.,Ltd.was established in 2009,the business scope includes the manufacture and sale of glass products,the solar cell module and the physical investment application products,real estate development and management,etc.,glass manufacturing-based,diversified real estate development,supplemented by a Modern enterprise groups.By strong asset size and good management,A through mergers and acquisitions the company expects the project to improve the market competitiveness and expand market share,and promote the integration of resources and industrial upgrading of the glass industry.In this paper,M banks involved in M&A business and its economic results for the study,the actual research,first-hand information on corporate mergers and acquisitions.Through literature research,investigation,case analysis and other methods,to M&A activity in the acquirer and acquire before the business carried out comprehensive and detailed summary of the analysis of the strengths and resources scale acquirer based on locking in the acquirer is the premise of the target assets,through the design of targeted financing programs and reorganization plan,implement acquirer and the acquire promote synergy effects and enhance the effectiveness of both sides of M&A management and market competitiveness,while improving the bank’s M investment income and financing benefits,in order to achieve win-win results.更多还原