基于东道国视角的外资并购风险研究

《基于东道国视角的外资并购风险研究》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。

1、Y769660旦失擎学校代码：10246学母；021015079博士一学位论文基于东道国。视角的外资并购风险研究院系：堂鲞墅进堕塑堕专业：姓名：金融学罗志松指导教师_：笪当鳌墼望完成日期：兰壁垒蔓望堡旦!壁旦AbstractAsamainmodeofForeignDirectInvestment(FDI)，Cross—borderMergersandAcquisitions(M&As)istobeattachedimportantbymanycountriesinrecentyears．TherisksderivedfromCross—borderMergersandAcquisitio

2、nsalsoarepaidmoreattentiontobyhost-country．Whatonearthriskstohost-countrywillcross-borderM&Asbringandhowabouttheeffects?Thispaperanswersthesequestions．Therearethreeparts，composedofsixchapters．PartIistheprologueofthispaper，mainlydiscussingthebackgroundsandsignificanceofresearch，andalsoexplainingso

3、mekeynotionsexistinginthispaper．PartHisimposedoffoursections，mainlyintroducingthetheoryframeofCross-borderMergersandAcquisitionsandanalyzingtherisksofcross-borderM&Astohost·country．Sectiononemainlydiscussessometheoriesrelatedtocross．borderM&As．Atierintroducingandcommentonexistedtheories．theauthor

4、firstlyputsforwardstothetheoryframeonrisksofcross-borderM&Astohost-country,whichconsistsofsystemrisk，industrialriskandfinancialrisk．ThentheauthordetaileddiSCUSSeSthreekindsofriskrespectivelyfromsectiontwotofour．n圮authorthinksthatsystemriskiSembracedbyeconomicsystem，politicalsystemandculturesystem

5、，andcross-borderM&AswillbringmuchimpactOnthesesystemsofhost．country．TheauthoralsoconfirmsthatCROSS．borderM&Aswillcomeintobeingmarketmonopolyinhost-countryandhinderimprovementofcompetitivenessofhost-country’Sindustry．Cross—borderM&Aswillalsocausefinancialcrisisinhost．countryifnotbewellleadedbyhost

6、-country’sgovernment．PartIllisempiricalstudyontherisksderivedfromcross-borderM&AsexistinginChina．TheconclusionofempiricalstudyiSthattherearenorisksinChinanow,buttherearesomedisadvantageouseffectscausedbyCROSS—borderM&As，whichshouldbepaidmoreattention．KeyWords：Host-country；Cross-borderM&As；RiskJEL

7、Classification：F83】．5指导小组成员名单甘当善教授干杏娣教授许少强教授第五章外资并购与东道国金融风险⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯96第一：1，金融风险的含义及特征⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯96第二节外资并购与转移定价风险⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯97第三：1了外资并购与国际收支危机⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯101第四节外资并购与金融市场风险⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯104第五节外