發(fā)布時(shí)間：2018-06-09 12:49

  本文選題：企業(yè)并購 + 現(xiàn)金流量　； 參考：《大連理工大學(xué)》2015年碩士論文

【摘要】：市場經(jīng)濟(jì)條件下,企業(yè)競爭日趨激烈,企業(yè)的合并、收購等交易活動(dòng)頻繁發(fā)生。企業(yè)并購的成功與否是企業(yè)關(guān)注的重點(diǎn)之一。市場環(huán)境的快速發(fā)展變化,使得企業(yè)在進(jìn)行并購時(shí),需要采用全面合理的方法和支持,保證企業(yè)并購能夠達(dá)到預(yù)期的效果。本文以理論結(jié)合實(shí)際案例的方法,采用財(cái)務(wù)評價(jià)方法對被并購企業(yè)進(jìn)行深入的財(cái)務(wù)分析,為企業(yè)并購決策的確定,并購的實(shí)施以及并購后的企業(yè)發(fā)展戰(zhàn)略提供支持。本文研究的并購企業(yè)為經(jīng)營業(yè)務(wù)基本相同的兩家企業(yè),同為鋼管鑄造企業(yè)。以實(shí)際企業(yè)并購案例中出現(xiàn)的問題為基礎(chǔ),理論結(jié)合實(shí)際,對問題進(jìn)行深入分析,并提出相關(guān)的意見和決策方法。文章首先對新興鑄管有限公司對坤達(dá)鑄鐵管有限公司并購中涉及的財(cái)務(wù)評價(jià)問題進(jìn)行詳細(xì)的剖析和研究。以效率理論、市場勢力理論等基本理論方法為指導(dǎo),以財(cái)務(wù)評價(jià)方法、財(cái)務(wù)指標(biāo)分析方法等為工具,對企業(yè)并購過程中的財(cái)務(wù)評價(jià)進(jìn)行深入分析,并提出針對性的財(cái)務(wù)決策相關(guān)的指導(dǎo)意見。企業(yè)并購的宗旨是要提高企業(yè)的市場競爭力,從而提高企業(yè)的市場占有率,獲得更多的企業(yè)收益。本文對企業(yè)并購前的企業(yè)財(cái)務(wù)相關(guān)內(nèi)容進(jìn)行分析評價(jià),通過對企業(yè)資產(chǎn)負(fù)債、現(xiàn)金流量等財(cái)務(wù)指標(biāo)進(jìn)行分析,了解企業(yè)當(dāng)前的經(jīng)營狀況：通過企業(yè)估值分析,了解企業(yè)并購的成本和獲益；通過分析企業(yè)并購方式,幫助企業(yè)選擇合理并購方案；通過分析企業(yè)并購后的綜合效益,輔助企業(yè)的并購決策制定。企業(yè)并購的目標(biāo)是提高企業(yè)的競爭力和收益,而能夠幫助企業(yè)制定并購決策的有力支撐就是財(cái)務(wù)相關(guān)評價(jià)。本文通過詳細(xì)深入的分析企業(yè)并購前的財(cái)務(wù)評價(jià),企業(yè)并購成本等,為企業(yè)最終制定并購決策和并購方案,提供可參考的指導(dǎo)方法和建議。
[Abstract]:Under the market economy condition, the enterprise competition day by day intense, the enterprise merger, the acquisition and so on transaction activity frequently occurs. The success or not of M & A is one of the key points that enterprises pay close attention to. With the rapid development and change of the market environment, enterprises need to adopt comprehensive and reasonable methods and support in order to ensure that M & A can achieve the desired results. In this paper, the financial evaluation method is used to analyze the financial affairs of the M & A enterprises in order to provide support for the decision making of M & A, the implementation of M & A and the development strategy of the enterprises after M & A. The M & A enterprises studied in this paper are two enterprises with the same business, the same as the steel pipe foundry enterprises. Based on the problems in the case of mergers and acquisitions, this paper makes a thorough analysis of the problems, and puts forward the relevant opinions and decision-making methods. In this paper, the financial evaluation problems involved in the merger and acquisition of Kunda Iron Pipe Co., Ltd are analyzed and studied in detail. Under the guidance of efficiency theory, market power theory and other basic theories and methods, with the financial evaluation method and financial index analysis method as the tool, this paper makes a deep analysis of the financial evaluation in the process of enterprise merger and acquisition. And put forward targeted financial decisions related to the guidance. The purpose of M & A is to improve the market competitiveness of enterprises, thus increase their market share and gain more profits. This paper analyzes and evaluates the related contents of enterprise finance before M & A, analyzes the financial indexes such as assets and liabilities, cash flow and so on, and finds out the current business situation of the enterprise: through the analysis of enterprise valuation, To understand the cost and benefit of M & A; to help enterprises choose reasonable M & A plan by analyzing the mode of M & A; to assist the decision making of M & A by analyzing the comprehensive benefit of M A. The goal of M & A is to improve the competitiveness and income of the enterprise, and the financial evaluation is the strong support to help the enterprise to make the decision of M & A. Through the detailed and in-depth analysis of the financial evaluation before M & A and the cost of M & A, this paper provides the guiding methods and suggestions for enterprises to make the decision and plan of M & A.
【學(xué)位授予單位】：大連理工大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2015
【分類號】：F426.4;F406.7

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本文編號：1999780