The Main Obstacle To The Merger And Eorganization Of Enterprises In China And Countermeasures

Merger and reorganization is the relationship between property rights, creditor's rights and liabilities of different enterprises and production capacity of enterprises, technology, manpower, financial resources, sales channels and other resources reorganization optimization, and optimize the allocation of resources market behavior. Through mergers and acquisitions, to fully optimize the enterprise products, assets and management system, can promote the technical progress of enterprises, promote the upgrading of product structure, speed up enterprise scale and enhance the strength. The same as foreign enterprises, the current Fujian enterprises in the process and enhance the quality of the total, also met with problems and difficulties, the obstacle of the merger and reorganization of enterprises. This paper aims to probe into the Fujian enterprises encountered in the merger and reorganization of the obstacles, and puts forward the corresponding countermeasures, in order to merger and reorganization of enterprises of Fujian and even the whole country to provide reference and empirical value. This paper from the perspective of industry concentration and industry related degree analysis of the current situation of Fujian, the evolution of industrial organization, comparing the process of evolution of industrial organization in Fujian and China's coastal provinces surrounding, analyzing the cause of low, industrial organization play a important reason into slow concentration of Fujian industry is relatively backward, mergers and acquisitions the restructuring of Fujian enterprises. Then with a case analysis of enterprises in M & A activities, there are local government revenue loss concerns, the performance evaluation system is not perfect, the management of state-owned assets loss of independence, the right of private capital barriers, enterprise financial management is not standardized, the property rights trading market is not perfect, the lack of legal norms and the support of the government policy is not in place and other factors, caused by rising costs of enterprise merger and acquisition, and try from the construction of trans regional merger and reorganization, the weakening of coordination mechanism of fiscal revenue, GDP in the appraisal mechanism of the weight, enhance the state-owned assets management right of independence, relax the private capital market access, standardize enterprise financial management, perfect and acquisition related law, assets evaluation, the property rights trading market and other supporting systems, increase policy support and so on, looking for merger and reorganization of enterprises in Fujian to break barriers, as more enterprises in the wider more freedom to carry out mergers and restructuring activities, create favorable external environment more relaxed.