当代经济管理
噹代經濟管理
당대경제관리
Contemporary Economic Management
2009年
4期
23~26
,共null页
金融危机 并购 启示 公司治理
金融危機 併購 啟示 公司治理
금융위궤 병구 계시 공사치리
financial crisis; M&A; enlightenment; corporate governance
美国次贷危机的爆发引发了以华尔街为代表的金融危机,这次金融危机给全球经济带来了极大的损失.引发了多起并购事件,从这些并购案例中,突显出公司治理方面的一些问题。文章就此次金融危机引发的并购事件为起点,从公司治理的视角深入剖析并购本身的特点,分析和比较了众多并购案例。并重点从公司治理主客体、公司治理目标、公司治理过程中的控制权问题、股权结构是否合理化等角度揭示此次金融危机所引发的并购给我们带来的公司治理方面的启示。
美國次貸危機的爆髮引髮瞭以華爾街為代錶的金融危機,這次金融危機給全毬經濟帶來瞭極大的損失.引髮瞭多起併購事件,從這些併購案例中,突顯齣公司治理方麵的一些問題。文章就此次金融危機引髮的併購事件為起點,從公司治理的視角深入剖析併購本身的特點,分析和比較瞭衆多併購案例。併重點從公司治理主客體、公司治理目標、公司治理過程中的控製權問題、股權結構是否閤理化等角度揭示此次金融危機所引髮的併購給我們帶來的公司治理方麵的啟示。
미국차대위궤적폭발인발료이화이가위대표적금융위궤,저차금융위궤급전구경제대래료겁대적손실.인발료다기병구사건,종저사병구안례중,돌현출공사치리방면적일사문제。문장취차차금융위궤인발적병구사건위기점,종공사치리적시각심입부석병구본신적특점,분석화비교료음다병구안례。병중점종공사치리주객체、공사치리목표、공사치리과정중적공제권문제、고권결구시부합이화등각도게시차차금융위궤소인발적병구급아문대래적공사치리방면적계시。
The outbreak of the sub-prime crisis in USA has brought a financial crisis, and the financial crisis has brought a great loss to the global economy, and caused a number of M & A events. From these cases, some problems of corporate governance has been displayed. This article considers these M & A events as a starting point, analyzes the characteristics of these M & A events from the perspective of corporate governance, and at the same time ,analyzes and compares with a number of mergers and acquisitions cases. And from the aspects of main object of corporate governance, objectives of corporate governance, the process of control over the issue of corporate governance, whether the Ownership structure is reasonable, and so on , the enlightenment of corporate governance M&A from financial crisis is revealed.