中国国土资源经济
中國國土資源經濟
중국국토자원경제
NATURAL RESOURSE ECONOMICS OF CHINA
2013年
2期
33-36
,共4页
资源型企业%退出时机%退出方式
資源型企業%退齣時機%退齣方式
자원형기업%퇴출시궤%퇴출방식
resource-based enterprises%overseas investment%exit mechanism%exit way
资源型企业海外投资存在着巨大风险,企业在不断拓展自己版图的同时,也要定期结合各方面影响因素对海外投资项目进行分析、排序,慎重部署投资退出时机及方式.退出机制影响因素:宏观经济发展状况、市场成熟度及活跃度,投资方战略定位.退出方式:二级市场出售、协议转让、股份回购、管理层收购.
資源型企業海外投資存在著巨大風險,企業在不斷拓展自己版圖的同時,也要定期結閤各方麵影響因素對海外投資項目進行分析、排序,慎重部署投資退齣時機及方式.退齣機製影響因素:宏觀經濟髮展狀況、市場成熟度及活躍度,投資方戰略定位.退齣方式:二級市場齣售、協議轉讓、股份迴購、管理層收購.
자원형기업해외투자존재착거대풍험,기업재불단탁전자기판도적동시,야요정기결합각방면영향인소대해외투자항목진행분석、배서,신중부서투자퇴출시궤급방식.퇴출궤제영향인소:굉관경제발전상황、시장성숙도급활약도,투자방전략정위.퇴출방식:이급시장출수、협의전양、고빈회구、관리층수구.
Overseas investment of resource-based enterprises involves enormous risk. This paper argues that the enterprises should regularly analyze, sort, and carefully deploy the exit time and ways of overseas investment project based on the influence factors of various fields while they continue to expand their territory. It also analyzes influencing factors of exit mechanism: the situation of macro economic development, maturity and activity of market, and the investor's strategic positioning. In addition, this paper introduces the forms of capital exit such as sale on the secondary market, agreement for assignment, stock repurchases, and management buy-out.
