CAJ | 학술논문

企业并购能力研究必须借鉴和吸收相关理论的已有成果，并将其怍为研究的理论基础，如战略管理理论、竞争力理论和能力理论。企业并购的外部环境、并购可支配的资源以及并购的管理能力是影响并购能力高低的三个关键因素。构建企业并购能力分析框架需要从这三个方面入手，着力做好外部环境分析、内部资源分析和管理能力分析。
기업병구능력연구필수차감화흡수상관이론적이유성과，병장기작위연구적이론기출，여전략관리이론、경쟁력이론화능력이론。기업병구적외부배경、병구가지배적자원이급병구적관리능력시영향병구능력고저적삼개관건인소。구건기업병구능력분석광가수요종저삼개방면입수，착력주호외부배경분석、내부자원분석화관리능력분석。
According to this article, studying the capability of Mergers and Acquisitions （M＆A） must profit from and absorb the existing achievements of relative researches, such as strategic management theory, competitive ability theory, and the theory of ability. The external environment of company＇s M＆A, the resources available to M＆A and management capabilities of M＆A are the three key factors which determine the capability of M＆A. Setting up the analysis framework of capability of M＆A needs to start from the three aspects and to focus on the analysis of the external environment, internal resources and capability of management.