| Along with the process of economic globalization continued to deepen, Cross-border capital flows to countries in the world economic growth, structural adjustment and technological progress have increasingly important influence.Transnational mergers and acquisitions as the current FDI main form of investment liberalization of the world economy has become an important realization carrier, and has thoroughly changed the world investment pattern.Since reform and opening up, China has adopted many preferential policies to attract large amounts of foreign funds enterance, for the development of China's economy has played a great role in promoting this. Today, China has become the most attractive FDI one of the countries, as China's economic development and foreign-funded enterprises in the Chinese market gradually deepening understanding, in the form of FDI in China has gradually developed the changes, its transnational mergers and acquisitions to enter the fast, low-cost advantages gradually become the main form of China's FDI.Transnational mergers and acquisitions in China for bringing in more money and opportunities, but it has also brought many negative effects, which are often neglected by the people and omissions, such as the acquisition target at most of the leading enterprises in various industries, the merger of these enterprises will lose our status of the control of the industry, thereby affecting the country security. But economic globalization continue to develop, growing deeper economic integration, mutual penetration of national economies, the massive entry of foreign capital is unstoppable in the face of such a trend in the world, how to introduce foreign capital, choose the good and discard the dross and achieve sustainable economic development, is a serious issues. This paper first outlines foreign transnational mergers and acquisitions to put forward the theoretical foundation; Secondly, the status of its development and causes, and listed a number of foreign control of the Transnational M&A Case, be reference; Finally, with full recognition of the positive effects of foreign capital flowing into China, the paper bring about a correct understanding of the negative impact, and proposed measures to deal with them.This paper includes six parts:The first part is a summary of Transnational mergers and acquisitions. At first the paper gives the define of FDI, Transnational mergers and acquisitions, corporate mergers and acquisitions, and then elaborated on the basis of the basic characteristics of transnational mergers and acquisitions, as well as ways and means of basic types of mergers and acquisitions.The second part briefly introduce the theoretical basis of Transnational mergers and acquisitions . First this paper describes briefly Olin theory on the advantages of the location, and listed some other theories such as a compromise theory of international production, product life-cycle theory and the theory and some other marginal expansion of international direct investment theory, for the behind as the foundation.The third part describes the status quo of Transnational M&A and Cause Analysis. This part mainly consists of two part : one part elaborates the status quo of transnational mergers and acquisitions in China with the trend of Transnational M&A around the world; another part is the analysis of reasons and features of Transnational mergers and acquisitions in China , on the basis of the current situation Transnational mergers and acquisitions.The fourth part is the negative effect of Transnational mergers and acquisitions toward China. The main contents are: the analysis of negative effects in six aspects , such as industrial safety and so on with relevant theories.The fifth part learns from the international experience of Transnational M&A, mainly from the United States and other developed Western countries.Part six puts forward suggestions and measures to deal with the negative effects, on the basis of the analysis and experience above. |
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