| It has been more than 20 years since the start of mergers and acquisitions of enterprises in 1980's in our country. With the tide of economic globalization and China's entry to WTO, mergers and acquisitions will play a more and more important role in the economic development of our country. However, we have to pay attention to the problem that the losing of the creditor's rights of commercial banks caused by mergers and acquisitions. Many enterprises escape or refuse to pay back the bank loans during the process of mergers and acquisitions. Moreover, the fail of the mergers and acquisitions also threatens the protection of the bank loans.This paper firstly expatiates the whole situation of the loss of the bank loans in mergers and acquisitions of enterprises, analyses the general cases, summarize the main method, character and harm of the loss of the bank loans. Then, take the Game Theory as a basic economical analysis tool, introducing some models, the thesis analyses the behaviors of local government, central government, bank, enterprises, intermediate agencies in the game in mergers and acquisitions respectively. The paper made a conclusion that the cause of the loss of bank loans includes the influences of government, the choice of enterprises and the help of intermediate agencies.Finally, this paper aims at the reason of losing of the banks'legal right, gives some suggestions for the social system and the management of banks. The paper points out that, in order to set up a perfect system to protect bank loans, the central government must change its behaviors and improve the legal and credit system. The commercial banks should introduce encouraging and supervising system, set up investment banking department, participates the whole process of the mergers and acquisitions of enterprises, do help to the success of mergers and acquisitions to protect loans. At the same time, banks should improve their own management, increase the ability to resist risk. |
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