工业技术经济
工業技術經濟
공업기술경제
Industrial Technology & Economy
2015年
6期
128~136
,共null页
跨区域并购 复杂网络 拓扑结构 产业重组与转移
跨區域併購 複雜網絡 拓撲結構 產業重組與轉移
과구역병구 복잡망락 탁복결구 산업중조여전이
cross- region mergers and acquisitions; complex network; topology structure; industrial restructuring and transferring
跨区域并购活动在一定程度上反映了产业的重组及转移规律。以1999～2014年我国上市公司跨区域并购事件为样本，通过建立跨区域并购复杂网络，实证分析网络的拓扑结构特征，挖掘网络背后所蕴含的区域资源转移及产业重组规律。研究发现：并购网络具有小世界性；网络节点的度数及点强度分布具有显著的幂律分布特征；并购关系呈现出明显的经济水平等级特征；经济发展水平较高的省市具有较大的中间中心度和接近中心度，它们在网络的资源转移及产业重组中，承担较重要的中介作用但其独立性较弱；各省市在网络中呈现明显的“中心——边缘”结构。最后从跨区域并购、相关产业政策及法律法规的制定方面，提出了相关的政策建议。
跨區域併購活動在一定程度上反映瞭產業的重組及轉移規律。以1999～2014年我國上市公司跨區域併購事件為樣本，通過建立跨區域併購複雜網絡，實證分析網絡的拓撲結構特徵，挖掘網絡揹後所蘊含的區域資源轉移及產業重組規律。研究髮現：併購網絡具有小世界性；網絡節點的度數及點彊度分佈具有顯著的冪律分佈特徵；併購關繫呈現齣明顯的經濟水平等級特徵；經濟髮展水平較高的省市具有較大的中間中心度和接近中心度，它們在網絡的資源轉移及產業重組中，承擔較重要的中介作用但其獨立性較弱；各省市在網絡中呈現明顯的“中心——邊緣”結構。最後從跨區域併購、相關產業政策及法律法規的製定方麵，提齣瞭相關的政策建議。
과구역병구활동재일정정도상반영료산업적중조급전이규률。이1999～2014년아국상시공사과구역병구사건위양본，통과건립과구역병구복잡망락，실증분석망락적탁복결구특정，알굴망락배후소온함적구역자원전이급산업중조규률。연구발현：병구망락구유소세계성；망락절점적도수급점강도분포구유현저적멱률분포특정；병구관계정현출명현적경제수평등급특정；경제발전수평교고적성시구유교대적중간중심도화접근중심도，타문재망락적자원전이급산업중조중，승담교중요적중개작용단기독립성교약；각성시재망락중정현명현적“중심——변연”결구。최후종과구역병구、상관산업정책급법율법규적제정방면，제출료상관적정책건의。
The cross - region mergers and acquisitions （CRMA）, in a manner, reflect the rules of industrial restructuring and transferring. Sampled by cross- regional mergers and acquisitions of Chinese listed companies from 1999 to 2014, this paper constructs the complex network of CRMA and analyzes network topology structures, which aims to investigate the inclusive rules of regional resources transferring and industrial restructuring and transferring. The empirical results demonstrate that the CRMA network is small world. The node degree and node strength degree distributions obey significant power- law rules. The CRMA relationships have characteristics of econ- omy hierarchy. The provinces of higher economy level have larger betweenness centrality and closeness centrality. These provinces play important intennediation roles in the network resource transferring and industrial recoustructing, but there independenees are relatively weak. The provinces demonstrate significant ＂core- fringe＂ structure in the network. At last, some policy suggestions are proposed.
