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Company M&A And Financial Support Research

Posted on:2002-01-09Degree:MasterType:Thesis
Country:ChinaCandidate:R J NieFull Text:PDF
GTID:2156360032957152Subject:Business Administration
Abstract/Summary:PDF Full Text Request
Company M&A is a kind of behavior to obtain the control of othercompany through properties transaction for the purpose of enforcement ofeconomical power and fulfill its economical target.The M&A system of western developed countries grow up with socialdevelopments and have eXPerienced severa1 tides of M&A in these severalhundred years. It is doubtless that the whole M&A requres powerful financialsuPport. Recalling the Whole history of M&A development, the intemiPtion ofinvestment banks, new M&A methods and the continual innovation of financialtools, this makes the wave of M&A become higher and higher, which is alsothe observation angle of this article.ChaPter One introduces the brief of M&A, including M&A concePtion,development history principles and hypothesis. ChaPter TWo is abou theanalysis of main financial bodwtrief introduction of invesAnent bank and itsM&A business.Chapter Three introduces transferab1e security which is a kind of financia1tool to suPPort M&A. This chapter is about the introduction ofbasil principles,overseas market and the practice and prospect in China. ChaPter Four is theresearch of tyPical of M&A, Leverage M&A, This chaPter, caPital mergesystem and owning sources. At last it gives the analysis ofmbbish security andits aPplication, which has close relation to leverage M&A. Company growingup and development has tWo ways. One is inner deve1opment; the other one,easier, quicker and more efficient, is to.acquire Other comPany. The fact thatCITTIC Pacific Ltd makes ultra-cabinet progress by means of M&A is theobvious evidence of this method. We can also benefit from it for comPanydevelopment. All these contents are mentioned in ChaPter Five.Encounering the fact of dozens of billion M&A war-carrier on the othercoach of Pacific Ocean and the raPid marching of global economic communitythe Chinese companies also make sufficient preparation for it.Howevef, We run into many problems without answer in hand, such as thefinancial environment of M&A, M&A business operation of investment bank,and so on. The last chaPter provides the writer's suggestions. Needless to saythe development of caPital market does make it possible for comPany M&A inChina, but it is constraint by financial regulations from all directions. We haveto keep head caIm down and pay attention to environment, to enlarge the scaleof financial innovation and the business of investment bank, and to make socialeconomic market fine and compete. With these efforts, we are able to keepbrace to social development and encounter the challenge of entering WTO.
Keywords/Search Tags:Company M&A, Resource Assignment, Investment Bank, Financial Environment.
PDF Full Text Request
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