Research On Promoting The Core Competitive Power Of The Enterprises At Jiaodong Peninsula By Making Use Of Foreign Capital Merger And Acquisition

Shandong Province promulgated《Opinion on Speeding the Jiaodong Peninsula Manufacturing Base》in 2003, put forward taking three cities, Qingdao, Yantai and Weihai as principal part to construct the Jiaodong peninsula manufacturing base. Promoting the core competitive power of the enterprises at Jiaodong peninsula is the important link of constructing the Jiaodong peninsula manufacturing base, and making full use of foreign capital merger and acquisition contribute to promote the core competitive power of the enterprises at Jiaodong Peninsula. In order to promote the core competitive power, the enterprises at Jiaodong peninsula should attract the foreign capital M&A from Japan, Korea, Europe, America, etc., absorb the advanced technique, strengthen the advantages of industry clusters and the ability of enterprise internationalization management, promote the core competitive power by the help of region advantage and industry foundation advantage.There are three chapters in the text. Chapter One reviews the theory of international M&A and the theory of the core competitive power , the former includes four aspects——the monopoly advantage theory, the internalize theory, the international producing compromised theory and the strategy management theory, then inspects the research condition of domestic and abroad scholars in recent years on"international M&A based on the core competitive power".Chapter Two discusses the influence of foreign capital M&A on the core competitive power of the enterprises at Jiaodong peninsula. Firstly, introduces the region advantage and the economic advantage of Jiaodong Peninsula. Secondly, introduces the present condition of foreign capital M&A at Jiaodong peninsula. Thirdly, analyzes the present condition and the shortage of the core competitive power of the enterprises at Jiaodong peninsula. At last, from the examples of Qingdao Beer, Yantai Zhangyu, etc., we gets the conclusion that foreign capital M&A contribute to promote the core competitive power of the enterprises at Jiaodong peninsula. At the same time, we can't neglect that foreign capital M&A probably take the negative influence to chinese economic development.Chapter Three is the major part of the text. It elaborates how to promote effectively the core competitive power of the enterprises at Jiaodong peninsula by the foreign capital M&A. It discusses from the following six parts. Firstly, define clearly the industry guide by foreign capital M&A and strength the advantages of industry clusters. Secondly, strengthen to joint with the industry of Japan and Korea, and improve the source and the structure of foreign funds. Thirdly, set up the large-scale company which cross different region and avoid the similarities of industrial structure development. Fourthly, absorb the advanced technique of M&A enterprise and promote the ability of technique renovation. Fifthly, joint with the international practice and strengthen the ability of enterprises internationalization management. Sixthly, the government should make full use of the important function in the foreign capital M&A, intervene appropriately the foreign capital M&A and strengthen the function of supervise and management.