跨國并購對我國汽車產(chǎn)業(yè)競爭力的市場績效研究.pdf

1、上海大學(xué)碩士學(xué)位論文跨國并購對我國汽車產(chǎn)業(yè)競爭力的市場績效研究姓名：倪海赟申請學(xué)位級別：碩士專業(yè)：金融學(xué)指導(dǎo)教師：陳湛勻20090201上海人學(xué)碩士學(xué)位論文：跨國并購對我國汽車產(chǎn)業(yè)競爭力的市場績效研究ABSTRACTCrossborderM&Ahasgrowthacceleratedsincemid1990s，notonlytoformanewroundofthewaveofM&Aonaglobalscale，butalsotobeth

2、emainmodeofinternationaldirectinvestmentWithChinasaccessiontotheWTOandrelateddomesticpolicyaboutforeigninvestmentloosening，foreignacquisitionseventsoccurfrequentlyandthencrossborderM&AbecomesthehotspotsonChina’Sautomarke

3、tComparingthehomeorabroadM&AresearchedinautomotiveindustrymostofthemfocusedontheM&AtrendsandtheintegrationHoweverthestudyaboutperformanceofcompetitionpoweraftertheM&AisrelativelysmallThisarticleisbasedonthisneedandWester

4、nM&AtheorytoexploretheperformanceofcompetitionpoweraboutcrossborderM&AhappenedintheChineseautomotivemarketInordertoachievethispurpose，theauthorcombinedthetheoryandpracticetodefinetheconceptoftransnationalM&A，describenati

5、onalcompetitivenesstheoryandthecrossborderM&AperformancetheoryandgivetheassesssystemThentheauthorconductedacomprehensiveanalysisaboutthe，marketstructureandcompetition，theinternationaltradecompetitiveness，R&D，employmentan

6、dsalaryandSOon，andanalysisthefinancecrisisimpactonthisindustrygivespolicyrecommendationsintheendThisstudyconcludedthat：Inthemarketstructureaspect，crossborderM&AhelpedforeigninvestorstoenterintoChina’Sautomarketandenhance

7、dChinasautoindustryconcentration，changedthemonopolymarket，andaclearoligopolymarketsinsteadofThesharesofmarketwerenotdirectlyrelativewithwhenmultinationalcompaniesenteredintoChina，buttheprices，performanceandqualityofautom

8、otiveproductsweremorerelevantIninternationaltradeaspect，China’Svehicleexportshasjuststarted，andmostoftheexporttargetsareeconomicallybackwardcountriesorregions，automotiveproductshavelowshareininternationalmarketIntheR&Das

9、pect，thecrossborderM&Adoesn’tbringlargetechnologyspillovereffectsThecoretechnologyofdesigningandproductionstillinforeigners’handandtheChina’SselfdevelopmentcapabilitiesisweakAtthesametime，China’Sindependentresearchanddev

10、elopmentofautomobiletechnologyalsoarelimitedtolowgradecarsIntheemploymentandsalaryaspectthecrossborderM&AbringsoverfloweffectmorethanthesubstitutioneffectTheaveragesalaryofautoindustryisobviouslyhigherthanthenationalperc

11、apitalincomeSotheconsumingleadingtotheeconomicdevelopintheautocityInempiricalanalysisaspect，theauthorbasedonempiricalanalysisofnationaldataandthetypicalenterpriseofSAICgroup，usingEwiewsandSPSS13software，andgottheresultst

12、hatthecross—borderM&Achangedthemarketstructureandwasbeneficialtotheimprovementofcompanyperformance，enhancingourcountry’sautomobileindustrycompetitivenessFacetothefinancecrisis，ChinacouldtrytoM&Aotherinternationalautoente