哈尔滨商业大学学报：社会科学版
哈爾濱商業大學學報：社會科學版
합이빈상업대학학보：사회과학판
Journal of Harbin University of Commerce:Social Science Edition
2009年
5期
36~40
,共null页
医药上市公司 并购 绩效 财务指标 实证研究
醫藥上市公司 併購 績效 財務指標 實證研究
의약상시공사 병구 적효 재무지표 실증연구
listed pharmaceutical company; merger and acquisition ;performance; financial indexes ;ease study
医药企业为了不断的发展和壮大，应对日益激烈的国内、国际市场竞争，基于市场资源、品种资源、品牌资源等因素，进行了一个又一个的并购行为。为了检验我国医药企业并购所取得的的效果，选取53家在2000年完成并购的医药上市公司为样本，对其并购前后的绩效进行实证研究。结果表明：样本公司在短期内绩效得到提升，但是从长期来看，绩效出现了下滑。
醫藥企業為瞭不斷的髮展和壯大，應對日益激烈的國內、國際市場競爭，基于市場資源、品種資源、品牌資源等因素，進行瞭一箇又一箇的併購行為。為瞭檢驗我國醫藥企業併購所取得的的效果，選取53傢在2000年完成併購的醫藥上市公司為樣本，對其併購前後的績效進行實證研究。結果錶明：樣本公司在短期內績效得到提升，但是從長期來看，績效齣現瞭下滑。
의약기업위료불단적발전화장대，응대일익격렬적국내、국제시장경쟁，기우시장자원、품충자원、품패자원등인소，진행료일개우일개적병구행위。위료검험아국의약기업병구소취득적적효과，선취53가재2000년완성병구적의약상시공사위양본，대기병구전후적적효진행실증연구。결과표명：양본공사재단기내적효득도제승，단시종장기래간，적효출현료하활。
To seek sustainable development and growth and meet everintensifying domestic and international market competition, pharmaceutical enterprises carried out mergers and acquisitions one after another with regard to market resources, resources of varieties, brand name resources, etc. To test the effect obtained through mergers of the pharmaceutical enterprises in our country, 53 listed pharmaceutical companies that completed mergers in 2000 are selected by this paper as the sample. Case study on their performances before and after mergers is carried out by this paper. The results show that the sample companies improved their performances within a short period but their performances declined in long term.
