Malicious Foreign Mergers And Acquisitions In China Enterprise Present Situation And Countermeasure Research

With the development of world economy, the scope of world economic activity gradually across borders, through foreign trade with other countries, the capital flow between a multinational, technology transfer, providing services on a global scale of interdependence and mutual connection link formed by economic globalization as the most important features of such an organic economy as a whole. Economic globalization is one of the important characteristics of contemporary world economy, also is the important trend of the world economy at the same time, it makes the capital and the factors of production on a global scale to reconfigure, capital and products on a global scale to widely flow. And multinational company as a product of the production and capital internationalization, has become an important organizer, the world’s economic activity to enhance its status and role in the global economy, further promote the deepening of international division of Labour in the production, investment, trade and economic globalization, the development of the financial development of technology, etc, so as to promote the overall development of the world economy. Multinationals, meanwhile, also makes the growth of one country and the world economy healthy, orderly and sustainable development there is a huge risk. With economic development degree of further deepening, the multinational companies to expand their own strength, improve their management structure or weaken or even eliminate the other competitors, need through the way of merger and acquisition of other companies to enhance their strength. In the process of the merger and acquisition, transnational investment way to wholly owned factory, mainly from the joint venture and cooperation to the shopping spree other countries’ development potential is large outstanding enterprises, regardless of the target company willing to take the consultation, abrupt and direct purchases. In response, the Chinese enterprises to understand their own competitive position, digging their own potential, self-perfection, with relatively perfect policy support to enhance the international competitiveness in response to a hostile m&a from foreign capital, realize the sustainable development of Chinese enterprises in the international market is of great significance.Based on the sufficient study western m&a theory and the development of Chinese enterprises, on the basis of actual situation, according to current situation of malicious foreign m&a of Chinese enterprises and countermeasures are studied. Articles from the malicious foreign mergers and acquisitions case background and the western theory of efficiency theory, undervalued, speculative theory, the theory of market forces such as mergers and acquisitions theory background, through the foreign investment of Chinese enterprises in the food industry, heavy industry, light industry, mechanical and electrical industry and cosmetics industry a hostile bid for the status quo analysis, points out that the foreign capital m&a presents a malicious mergers and acquisitions object is focused on the tap and limited industry, regional layout to push lower-tier cities, investment way tend to be owned, the purpose of the m&a partly for speculative purposes non-market, malicious mergers and acquisitions, mergers and acquisitions results depends on the government and enterprise future interaction affect the six major characteristics. Further analysis of malicious foreign m&a motivation of Chinese enterprises, Chinese enterprises in China have clearly malicious foreign m&a and negative incentives, as well as the influence to alert to suffer from the phenomenon of malicious foreign mergers and acquisitions of Chinese enterprises. Finally, combined with malicious foreign mergers and acquisitions of Chinese enterprises influence on Chinese enterprises to participate in international competition, according to China’s specific conditions and characteristics of their own development, strengthen cooperation supervision from the government to perfect the rules and regulations, industry, enterprise itself, with emphasis on the reform and innovation, puts forward three deal with malicious foreign mergers and acquisitions constructive, the feasibility of the strategy, make Chinese enterprises to better partioipate in international competition, make the optimum distribution of resources around the world, realize the sustainable development of its own. Hope for China’s enterprises sustainable development in the globalization competition has the certain enlightenment and reference.