北京理工大学学报：社会科学版
北京理工大學學報：社會科學版
북경리공대학학보：사회과학판
Journal of Beijing Institute of Technology（Social Sciences Edition)
2006年
5期
69~71
,共null页
兼并浪潮;横向兼并;竞争
兼併浪潮;橫嚮兼併;競爭
겸병랑조;횡향겸병;경쟁
merge and acquisition; horizontal M＆A; competition
企业兼并是实现资源优化配置和产业结构升级的重要途径之一.美国约在1893～1904年发生以横向兼并为主的第一次企业兼并浪潮,并以此建立起一批蓝筹股公司,成为美国经济的支柱.我国目前的产业结构与美国第一次兼并浪潮前类似,借鉴美国第一次兼并浪潮的成功经验,在我国的企业、政府、中介机构、资本市场等各方面进行协调努力推动企业进行横向兼并,可以快速改善产业结构,提高企业及产业的竞争力,并造就在各个产业具有竞争力的大型企业.
企業兼併是實現資源優化配置和產業結構升級的重要途徑之一.美國約在1893～1904年髮生以橫嚮兼併為主的第一次企業兼併浪潮,併以此建立起一批藍籌股公司,成為美國經濟的支柱.我國目前的產業結構與美國第一次兼併浪潮前類似,藉鑒美國第一次兼併浪潮的成功經驗,在我國的企業、政府、中介機構、資本市場等各方麵進行協調努力推動企業進行橫嚮兼併,可以快速改善產業結構,提高企業及產業的競爭力,併造就在各箇產業具有競爭力的大型企業.
기업겸병시실현자원우화배치화산업결구승급적중요도경지일.미국약재1893～1904년발생이횡향겸병위주적제일차기업겸병랑조,병이차건립기일비람주고공사,성위미국경제적지주.아국목전적산업결구여미국제일차겸병랑조전유사,차감미국제일차겸병랑조적성공경험,재아국적기업、정부、중개궤구、자본시장등각방면진행협조노력추동기업진행횡향겸병,가이쾌속개선산업결구,제고기업급산업적경쟁력,병조취재각개산업구유경쟁력적대형기업.
The merge and acquisition （M＆A）is one of the important modes to optimize the configuration of resource and upgrade the industrial structure. The years between 1893 year and 1904 saw the first M＆A wave in U.S.A. Most of these M＆As are horizontal M＆A. Then a passel of large companies come into being in this M＆A wave that are backbone of U.S.A. economy. Now the industrial structure of China is similar to that in U.S.A before the first M＆A wave. Studying the experience of the first M＆A wave can provides the primary factors for our nation. We should harmonize the government, corporations, agency organizations and capital markets to impulse the horizontal M＆As of companies in the same industry. Horizontal M＆A can improve the industrial structure fleetly and improve the competitive power of the companies and industry. Then the M＆A can help forming large companies with strong competitive power in every industry.
