企业并购的财务运作研究

【作者】 虞洁；

【导师】 黄毓和；

【作者基本信息】 南京理工大学 ， 会计学， 2003， 硕士

【摘要】 企业并购是企业加快发展的一种资本运营方式，也是国家进行产业结构调整、优化资源配置的有效手段。企业并购运作流程中涉及大量的财务问题，需要进行相关的财务决策活动，从财务学角度研究企业并购具有重要的现实意义。本文在阐述企业并购的概念界定、基本分类及其财务动因理论的基础上，着重分析了并购前目标企业的财务估价、并购中的支付方式选择以及并购后的财务绩效评价这三个并购操作流程中的财务核心模块，形成了企业并购的财务运作流程。最后，本文结合具体案例进行实际分析，从本文所述财务角度对我国的并购实践作出了一些思考。更多还原

【Abstract】 The enterprise’s M&A is a sort of capital operation to make development of the enterprises and it is also an effective measure to adjust the industrial structure and optimize the resource distribution. The enterprise’s M&A covers a large quantity of financial problems and it needs correlative financial decisions. Therefore, it is of great practical significance to research into the enterprise’s M&A from the financial aspect. This dissertation firstly introduces the concept of the enterprise’s M&A , the types of the enterprise’s M&A and its theories of financial motives. Then it pays great attention to analyse the financial methods of the aim enterprise’s value evaluation before M&A action, the choice of the payment ways during the M&A process and the financial performance evaluation after M&A action. These three core contents make the financial process of M&A action. Finally, this dissertation combines some actual cases to make practical analysis and it makes some thoughts about the M&A practice of our country from the angles which thisdissertation refers.更多还原