企業(yè)并購(gòu)戰(zhàn)略成本動(dòng)因分析.pdf

1、河海大學(xué)碩士學(xué)位論文企業(yè)并購(gòu)戰(zhàn)略成本動(dòng)因分析姓名：蔡忠軍申請(qǐng)學(xué)位級(jí)別：碩士專業(yè)：會(huì)計(jì)學(xué)指導(dǎo)教師：許紀(jì)校20080601ABSTRACTMerger卸dacquisition(M&A)is柚imponantwayforenterpfisestomakercsourceinte伊ationandrapidexp觚sion，whichcaIlhelpadjustingindustrialstmctures，redudngbusinesstra

2、nsaCtioncostsef!fectiVely觚dgeneratingeconomiesofscaleandsynergye骶cttoeIlhancetheirC0recompetitiVenessHowever，M&AisanextremecomplexbusinesscapitalactiVitywhichwillbringinthehugegains弱wen弱伊atfisl【sM&AactiVity0ften筋ls，0nepr

3、imarycauseisthatthefailuret0fullyunderst柚dthepOssibleexistingcostoftheoverallmergef觚dacquisitionactiVities，mal【escosts0ut0fcontrol，柚dleadstOthefailureeVentuallyTlllerefbrc，withthegllid鋤ceofstrate西ccostma柏gement，ithasgrea

4、tpraCticalsi印ific鋤cestudying孤dreseafchingthecausesOffi肌M&Astrategycost，t0gllidetheente叩risescontrollingacquisitioncosts柚dincreasingthesucCe鼴nteofentell”isemergersandacquisitionsThepapcrhasfirst柚alyzedtheente印riseme瑪er鋤da

5、cquisitionanditsCharacteristic；secondly，elaboratedstrate百ccostmanagementandcostdrivertheories，inthena盯ationhadintheresearchresultsfoundation，oVerananalysisenterprisemergerandacquisitionstrate酉ccost’sconstitution，thenputs

6、f0刑ardthedefinitionofM&Astrate酉ccostdriVerf內(nèi)mtheperspectiVeoftheanalysisofthenoms，孤d觚alysisitsfomationmechanism鋤dtheselectionmethod；Next，accordingtothemerger鋤daCquisitionaCtiVity’seconomicalcharacteristicanditsstep，thepa

7、perreVealsM&Astrate西ccostdriVe璐C0mprehensiVelywhichareexistingintheM&A擬iVity’thenfocIlsonanalyzingtheactuationandinnuenceofthesestrate酉ccostdriVersonM＆Acostsemphatically，andobtainsthegreatestcostdriVerwhichaffectsheavies