The Strategic Choice For Sinopec To Join Multinational Merger And Acquisition

Under the new situations of economic globalization, countries worldwide have been tightly dependent upon each other. Not any country could make successful economic construction without any interaction with other countries. Multinational merger and acquisition (M&A) is making the greater and greater development and changing the global economic situation in a faster and faster way.As one of the fastest-growing economy units worldwide, multinational M&A have a more and more effect on the Chinese economic society, As for the giant Sinopec of the Chinese state-owned enterprises, in order to advance international competitive ability by utilizing well both domestic and foreign markets and resources, it is imperative under the situation , whether it is successful or not , it is a great meaning, no matter what it is state-owner enterprise reform, or for Sinopec itself development, it is a good topic for study.The most influential theories in this field include theory of monopolistic advantage, the theory of internalization and the theory of OIL paradigm. Many people study this subject from different aspect in domestic. As for oil industry, the study on Sinopec join the multinational M&A maintain the experience between the multinational corporations, how Sinopec join it lack of system and deepen, the paper aims to study this subject, it is the novelty and specialties.The structure of this paper is as follows: The first part is about the introduction that the study background, train of thought, study methods and novelty. The second part, the author analyze the historical and general rules of multinational merger & acquisition (M&A),which deduces the general rules of M&A to theoretically support for Sinopec. The third part, it is a necessity choice for Sinopec through the analysis of international and domestic background of M&A;The fourth part, through the analysis of the external and internal condition. The fifth part provide Sinopec the place, method, financial and policy guarantee. The last part provide that it should be a strategic choice for Sinopec to join the multinational merger and acquisition.