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The Study Of Domestic Enterprise Merger, Acquisition And Reorganization’s Influence OnIndustry Security

Posted on:2017-03-24Degree:DoctorType:Dissertation
Country:ChinaCandidate:X T YeFull Text:PDF
GTID:1109330482979559Subject:Industrial Economics
Abstract/Summary:PDF Full Text Request
Industrial Security is the core and key of national economic stability and development., especially with the acceleration of economic globalization and regional economic integration, the importance of industrial safety has alsobecome increasingly obvious. Industrial safety is the foundation of economic security and development, representing an essential starting point for the national industrial policy and the implementation of economic interventions. With the development of economic society, mergers and acquisitions of domestic enterprises has become an important means for enterprises to become larger and stronger, for industrial areas to integrate, as well as for the national economy to carry on micro-adjustment. The manner, content, motivation, and relevancy of incorporate mergers and acquisitions areincreasingly diverse, and the impact of corporate mergers and acquisitions on the economic and industrial safety industry is increasingly deepened. Based on such a complex economic environment and the diversity of the needs of business mergers and acquisitions, there is an important theoretical and practical value to have a systematic study of the impact of mergers and acquisitions on domestic enterprises industry safety.In this paper, based on the background of industrial security, researches are carried out following the main logic line ofdomestic mergers and acquisitions. This paper gives new meanings toIndustrial Security, points out that the industry safetyresearch is not only includesepitaxial re search-simply by the foreign investment in the country’s economic behavior, but also includes connotative research-investment in the internal economic behavioralsoimpact on industrial safety. This paper also investigate from the five perspectives of industrial economics, including the industrial organization, industrial structure, industrial layout, industrial policy and industrial development of howdomestic mergers and acquisitions restructuring affectingits levels of safety, and using welfare economics theory to pointing out thatunder connotative industry security conditions, the social welfare maximization should be the pursuit of the highest form of industry safety.Based on the research perspectives and main logic line above-mentioned,this article main research content is as follows:(1) Combed the emergence, extension and development of the industry security theory, summarized the industrial economy of every subsystem including industrial organization theory, industrial structure, industrial layout, industrial policy and national economic security theory, which lay a good theoretical basis for study of the mechanism.(2)Depending on the mature industrial economic theory framework, and separately from several perspectives including the safety of industrial organization, industrial structure, industry layout, industrial policy, industrial development, researching the influence of the domestic enterprise merger, acquisition and reorganization of industrial safety mechanism. According to the influence mechanism of the research content, introducingthe methods of industrial safety evaluation and early warning, constructing a index system of industrial security which joined "the enterprise merger, acquisition and reorganization" factor, and expanding to point with surface analysis. Through quantitative analysis to the industry security situation, and aimed at domestic enterprise merger, acquisition and reorganization of quantification study of the impact of industrial security theory, so as to establish a set of industry safety evaluation system which accord with the actual state of industry development and practical scientific and effective, and then that is beneficial to the objective and accurate evaluation under the domestic enterprise merger, acquisition and reorganization of industrial safety status and early warning research scientifically.(3) In the steel industry in hebei province as an example, we analyzed the hebei iron and steel group of merger, acquisition and reorganization process influence on the industrial safety and national iron and steel industry in hebei province. And in view of the domestic enterprise merger, acquisition and reorganization impact on the industry security put forward policy suggestions, to scientifically to solve the problems in this paper provide a feasible solution.According to the above research contents, the following basic conclusions in this paper:(l)Enterprise merger, acquisition and reorganization have a greater impact on the industry security as a whole. From industrial organization, structure, layout, policy and development were analyzed, enterprise merger, acquisition and reorganization in our country at present is still in the denotative expansion phase, the connotation of productivity promotioa Some industry create the monopoly, even lead to impact on the industry security overall impact deepens, industrial security dimension decline.(2)Enterprise merger, acquisition and reorganization welfare effects for society as a whole has not yet brought the overall ascensioa At present, our nationalenterprisesdon’t paymuch attention to consumer surplus, the domestic enterprise merger, acquisition and reorganization has largely failed to achieve social overall welfare effect. Due to merger timing error, some industriesspend high cost of acquisitions, even don’t realize the improvement of producer surplus, which lead to a huge profit decline, and the merger of total social welfare even substantially less than before.(3)The guidance ofenterprise merger, acquisition and reorganization lead to weak. The motivation and behavior in the process of our national enterprise merger, acquisition and reorganization, market behavior choices is weak, merger, acquisition and reorganization have strong administrative push color mostly, the market in the allocation of resources and decisive role has not been fully play.(4)Industry security early warning consciousness has not been established. In the process of our national enterprise merger, acquisition and reorganization, enlarging scale and increasing the economic profits are the common pursuit, the consciousness of early warning system for industrial safety guard is not strong, and even appear the situation of sacrificing national industrial security rights and interests for the benefit of the enterprise. At all levels of government in the process of promoting enterprise merger, acquisition and reorganization, the scale growth, GDP and fiscal revenue income increasing were tend to be focus on, the security situation in the region and even the whole national industry lack of attention, lack of industry security early warning consciousness.This article innovation point lies in the fact that innovative put forward the selected topic "the domestic enterprise merger, acquisition and reorganization of the influence of industrial security research", there is an important practical significance under the background of today’s social economy; At the same time, based on the thought of the industrial economic theory, this paper using the method of combined item thinking theory innovation, from the safety theory, the industrial layout theory of industrial organization theory and industrial structure, industrial policy security safety theory, the industrial development theory point of view respectively, the five integrated innovation to discussed the influence of domestic enterprise merger, acquisition and reorganization of industrial security research, puts forward a new interpretation and maintenance industry safety of train of thought, which has the innovation theory of value.
Keywords/Search Tags:mergers and acquisitions, Industrial Security, welfare effects, impact mechanism, evaluation warning, industrial safety engineering
PDF Full Text Request
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