On The Incentives Of Mergers And Acquisitions In State Owned Enterprises

M&A can enable enterprises to expand,increase their own value,in the global business operations of the main play an important role.With the integration of the global economy,China's state-owned enterprises are facing major challenges,in order to maintain their long-term stable development,to meet the growing needs of the people and to cope with the fierce market competition,state-owned enterprises are constantly trying to find out the solution,Mergers and acquisitions in the state-owned enterprises on a large scale,which is to achieve the optimal allocation of national resources,an important attempt and the necessary means.In the future sustainable development,the reform of state-owned enterprises will also play an immeasurable role.State-owned enterprises to carry out mergers and acquisitions motivations,whether the need for mergers and acquisitions,how to make decisions.This article has carried on the main demonstration and demonstration to the above question,and has carried on the empirical analysis to this example with the example of China Unicom acquires Netcom.In the actual analysis and argumentation,it is necessary to improve the scientific decision of the decision-making,so that the success rate of mergers and acquisitions becomes higher,whether the senior management of the state-owned enterprises should make decisions on the mergers and acquisitions of the enterprises.This paper is mainly composed of seven parts,the first part is the introduction,mainly describes the background and significance of the subject and the overall framework of the paper.The second part mainly introduces the theoretical basis of M&A and describes the motivations and decision-making theory of M&A of state-owned enterprises.The third part mainly analyzes the present situation and process of state-owned enterprise M&A.The fourth part analyzes the motives of M&A of state-owned enterprises,and analyzes the factors of state-owned enterprises to start M&A.The fifth part describes how the senior management of the state-owned enterprises to make scientific decision-making of mergers and acquisitions,the advantages and disadvantages of decision-making analysis of the advantages and disadvantages of the decision-making logic of the summary,and ultimately to the management of logical thinking to make a scientific The purpose of decision making.The sixth part is based on the example of China Unicom acquisition of Netcom to carry out analysis,the previous theory of analysis and demonstration.The seventh part is the conclusion,which mainly summarizes the contents and arguments mentioned in this paper,and also points out some shortcomings of this paper.