The Optimization Of Industrial Organization Structure And Mergers & Acquisition

This paper is devoted to study how to utilize Mergers&Acquisition (M&A) to optimize Chinese industrial organization structure (IOS), which is unreasonable and chaotic in transiting from planned economy to market economy. The author researches on the actualities and causes of the unreasonable Chinese IOS, the relationship between M&A and IOS, and how to optimize Chinese industrial organization structure effectively.In Chapter 1, the author points out the following problems of Chinese IOS:(1)Most of Chinese enterprises cannot reach the economic scale , and some enterprises expand blindly or falsely, o they can hardly to get scale economy.(2)All-m enterprises make it very difficult to realize the collaboration of each other. (3) The inefficient combination of enterprise block the rationalization of Chinese IOS. (4) Excessive competition and monopoly exist at the same time. The inducement of these problems consists origins not only from micro-level, but also from macro-level; not only from the behavior of entrepreneurs, investors and consumers, but also from the behavior of officers and economists.In Chapter 2, the author researches the connection between M&Aand the optimization of enterprise scale structure in an industry. Thereare two main parts: (1) M&A and scale economy, M&A and uneconomical scale, and scale economy different from industries.(2) How to realize the cooperation among different scale enterprises, the author consider establishing Corporation Group by M&A is a valid approach. The research is based on theory and demonstration.In Chapter 3, the author discusses the relationship M&A and the market structure in an industry. The main topics include: Does M&A result in monopoly necessarily? What relation is between M&A and effective competition? How to judge whether M&A is restrained or encouraged? In the same, this discuss is supported by theory, deduction and demonstration.In Chapter 4, the author expatiates on the optimization of Chinese IOS under the changed background. First of all, the author affirms the major role of entrepreneurs in this process. Enterprises must change their strategy of M&A according the change of background, including entry into WTO, the changed market condition, the strategic reorganization of state-run entrepreneurs, etc. Secondly, the evolvement process of Chinese IOS cannot separate from government utility. The critical problem is improving the government's behavior, including how to create the favored conditions for M&A, how to constitute the effective and feasible policy of M&A.