中国企业海外并购战略研究——基于TCL海外并购的实证分析.doc

10459授予单位代码 申请号 密 级 文 学论 大位 州学 郑士 硕 ca 论文题目 作 者 姓 名 学 科 门 类 专 、丨1/ 名 称 国企业海外并购战略研究 ——基十TCL海外并购的实证分析 导师姓名、职称: 王燕锋 管理学 工商管理硕士 耿志民副教授 .〇〇七年五月 Abstract major types of Chinese companies direct investment flows in recent years are overseas merger and acquisitions(MA), which is also one of the most important representative forms in the international development progress. With the accelerating process of global economic integration, stronger Chinese economy and larger scales of enterprises, more and more Chinese companies start to explore in the international market. Overseas MA become the most irnportant measure for companies to be larger and stronger and to realize international operation. Overseas MA of Chinese companies become more intensive by the impetus of macro-economic circumstances and the inner driven force of the micro-economic entities since 1980s and arrive at a new climax especially since the beginning of 21 century. But the results or performance are not satisfied from the practice review of Chinese companies. There arc not only reasons in macro-perspective view and particularity of the development of industries, but also the strategic and tactical reasons of MA. Plenty of practice and theoretical studies have proved that there is a long way to go for Chinese companies overseas MA. Therefore, to examine and study overseas MA of Chinese companies in an international perspective view is a very practical and necessary topic. Based on the research results of overseas MA theory, competition theory, enterprise development theory and enterprise culture theory, etc, this paper starts with the analysis of the overseas MA motivation of Chinese companies，The author analyzes the current failure reasons of the overseas MA of Chinese companies through a study of a real case represented in TCL group and presents her view on strategic positioning^ core competitiveness, Integration, corporate governance to increase the performance of overseas MA from the perspectiv