Study Of Corporate Mergers And Acquisitions In China

The thesis stresses on the research of the obstacles of legislation .property right and administration in enterprise Merger & Acquisition (M&A) of China .which is based on the study of the enterprise M&A of western country.Chapter one mainly introduces the conception .the types and the reasons of enterprise M&A. M&A is a wide conception .It is not only a economical conception , but also a legal concept. Generally speaking ,M&A is a joint name of annexation, acquisition.taking over.etc.The thesis consults a lot of documents .providing the explanations of these concepts separately. Accord ing to different standards .the thesis divides M&A into different types.Then,the thesis lists out all kinds of explanations about the reasons of enterprise M&A.Finally ,we find that no one can give a satisfied explanation separately.Chapter two mainly reviews the courses of global enterprise M&A, drawing a lesson from the courses which is useful to the enterprise M&A of China. Firstly .the thesis reviews the courses of enterprise M&A of western countries, analyzing the reasons and the characters of the courses. Secondly .the thesis reviews the courses of enterprise M&A of China , analyzing the reasons and the characters of the courses Thirdly .the thesis summarizes the rules of global enterprises M&A .which are meaningful to the enterprises of China .Lastly .the thesis points out four obstacles existing in enterprise M&A of China :property right obstacle .administration obstacle .legislation obstacle and technology obstacle .Chapter three mainly analyzes the antitrust law of China .Firstly .the thesis presents the conception of monopolization .analyzing the results of monopolization which stems from enterprise M&A .Secondly .the thesis introduces Williamson's model of weighting welfare .using the model analyzing the infection of enterprise M&A .Thirdly .the thesis appraises the value of the model .pointing out that it is useful for the foundation of the construction of antitrust law in China .Lastly .the thesis makes out some suggestion for the criterion of enterprise M&A of China .Chapter four analyzes the obstacle of property right in enterprise M&A of China .Firstly .the thesis presents the conception of property right .Secondly .thethesis analyzes the reasons of the obstacle of property right .pointing out that the radical reason is the obscurity of property right in China Thirdly ,the thesis introduces the meanings of the definitude of property right .pointing out that property right must be clear not only in legislation but also in economy .But the enterprises in China can't meet these conditions .resulting in the obstacle of property right in enterprise M&A of China .Lastly .the thesis listes out some suggestion for the eradication of the obstacle of property right in enterprise M&A of China.Chapter five analyzes the obstacle of administration in enterprise M&A of China .Firstly ,the thesis presents the conception of administration monopolization .pointing out that the essence of it is economical monopolization Then ,the thesis lists out many kinds of forms of administration monopolization .Secondly .the thesis uses Game theory .analyzing the reason of administration monopolization .pointing out that the local government whose enterprise is in inferior position in market trends to prevent enterprise M&A Thirdly .the thesis uses the model of the negotiation of enterprise behalf .obtaining the same result as using Game theory .Lastly .the thesis brings forward some suggestion about how to eradicate the obstacle of administration monopolization in enterprise M&A of China .Chapter six summarizes the main research results of the thesis. The thesis sums up the reasons of the obstacles of legislation .property right and administration in enterprise M&A of China The thesis also summarizes the suggestion about how to eradicate the obstacles .At last .the thesis discusses the limitation of the research and points out the director of further research .Zheng Aibing (Industrial economics) Directed by Professo...