对中国企业海外并购若干问题的分析-国际贸易学专业论文.docxVIP

Abstract Abstract 对中国企业海外并购若干问题的研究 对中国企业海外并购若干问题的研究 PAGE PAGE 13 PAGE PAGE 10 Abstract Mergers Acquisitions are effective in accelerating the process of industrialization and enhancing their core competitiveness. Chinese enterprises overseas acquisitions in recent years have made remarkable achievements, but there are still many problems. This article focus on the reason that why enterprises in developing countries take part in MA activities and the issues after MA activities from the perspective of competitive strategy. First, previous merger theory insists that enterprises should invest in foreign countries according to their own monopolistic advantages. Since enterprises in developing countries do not have obvious advantages, they can seek competitive advantage from the outside through MA activities. The transnational corporations have penetrated into the market in developing countries, so enterprises in developing countries use MA as a positive response strategy. To some extent, this explains why enterprises in developing countries which do not have the obvious advantages have the courage to go out of their country and compete with Multinational Corporation in developed countries. Secondly, Chinas enterprises overseas M A practices are also in conformity with the theory mentioned in this thesis. These enterprises can obtain competitive advantages through M A activities. Therefore, we need to put aside the competitive advantages and study the influence of the interaction between enterprises on M A activities. Competition among enterprises is a process of constant breaking old competition patterns and building a new balance of power in the market. The old competition pattern will be broken when M A activities happen. Other companies may also build new competitive advantages through overseas acquisitions. Therefore, overseas mergers and acquisitions business in international competition may be regarded as a weapon to compete with powerful c