企业并购融资问题及对策.docVIP

企业并购融资问题及对策 ［ ］伴随着并购热潮于全世界范畴延伸，我国也掀起丫并购热潮。然而，屮国尚处在社会 经济进步的初步阶段，融资氛围较紧张，公司的融资方式不流畅，融资工具不完善，导致公 司在并购融资未能充分抉择类型和数量。该文先阐述了并购融资的定义及模式，涵盖内源融 资、债务融资、权益融资和特殊融资，进而探析了屮国公司并购融资的状况，并结合屮国平 安收购深发展、TCL集团换股并购TCL通讯、宝钢集团并购八钢集团等例子，从权益性、债 务性、混合性等方面分析了并购融资中的不足后，给出了完善我国公司并购融资的举措，如 搭建健全的市场系统，全面发展资本市场、积极开拓并购融资新渠道、扩宽融资方式、提升 金融中介机构的能力、健全公司并购融资的有关制度等。 ［关键字］并购融资现状问题对策 Problems and Countermeasures of enterprise merger and acquisition financing [Abstract]With the upsurge of M Ain the whole world, our country also set off a wave of M A. However，China is still in the initial stage of the economic and social progress, financing the atmosphere is tense, corporate financing is not smooth, financing tools is not perfect, lead to companies in mergers and acquisitions financing failed to fully choice type and quantity. This paper first expounds the definition and mode of financing, including internal financing, debt financing, equity financing and special financing, and the financing situation of the China Company, and combined with the China ping an acquisition of Shenzhen development, TCL group,巳aosteel Group TCL convertible merger and acquisition of Communications Group and other examples, from equity, debt mixed, and other aspects of the lack of financing，given the improvement of Chinas company merger financing measures, such as setting up a sound market system, comprehensive development of the capital market，and actively explore new channels of financing, mergers and acquisitions to broaden the financing mode and improve the ability of financial intermediaries and improve the companys financing system etc [Key word]financingpresent situation problemcountermeasure 目录 TOC \o 1-5 \h \z 弓 IB 1 HYPERLINK \l bookmark3 \o Current Document \h 一、 并购融资相关理论概述 1 HYPERLINK \l bookmark4 \o Current Document \h （一） 并购融资的定义 1 HYPERLINK \l bookmark5 \o Current Document \h （二） 并购融资的模式 2 1、内源融资 2 2＞债务融资 2 3、 权益融资 2 4、 特殊融资 3 HYPERLINK \l bookmark6 \o Current Document \h 二、 我国企业并购融资现状及存在的问题 3 HYPERLINK \l book