發(fā)布時(shí)間：2018-05-26 01:35

  本文選題：中國平安 + 深發(fā)展銀行　； 參考：《安徽財(cái)經(jīng)大學(xué)》2017年碩士論文

【摘要】：隨著經(jīng)濟(jì)全球化的發(fā)展,歐美發(fā)達(dá)國家的金融企業(yè)通過并購快速開啟了混業(yè)經(jīng)營模式,歐美國家混業(yè)并購的結(jié)果證明,混業(yè)經(jīng)營在降低經(jīng)營風(fēng)險(xiǎn)、增加收入來源等多方面優(yōu)于單一經(jīng)營模式,混業(yè)經(jīng)營已經(jīng)顯現(xiàn)出它獨(dú)特的優(yōu)勢,混業(yè)經(jīng)營模式勢必成為金融企業(yè)的主流運(yùn)營方式。國際金融領(lǐng)域的競爭愈加激烈,我國金融機(jī)構(gòu)必須適應(yīng)時(shí)代發(fā)展的浪潮,及時(shí)調(diào)整自己的經(jīng)營模式才能屹立于世界經(jīng)濟(jì)之林,我國金融企業(yè)開始紛紛踏上混業(yè)經(jīng)營之路,中國平安是國內(nèi)首家開創(chuàng)混業(yè)經(jīng)營模式的綜合金融集團(tuán)。2003年經(jīng)保監(jiān)會和國務(wù)院批準(zhǔn),正式成立“中國平安保險(xiǎn)股份有限公司”,創(chuàng)立之初的中國平安是一家保險(xiǎn)公司,為適應(yīng)經(jīng)濟(jì)發(fā)展趨勢,中國平安開啟了混業(yè)經(jīng)營之路,立志將自己打造成一家以保險(xiǎn)為核心,并匯集銀行、投資、咨詢等項(xiàng)目的大型一站式綜合金融集團(tuán)。2009年6月中國平安對外宣布并購深發(fā)展開始到2012年6月完成所有的并購法律程序。此次并購從并購金額、并購雙方行業(yè)性質(zhì)和規(guī)模、并購目的來看,都具有典型性,在并購史上留下濃墨重彩的一筆。這次并購是否成功,是否達(dá)到目的,本文對此進(jìn)行了深入分析研究。協(xié)同效應(yīng)是否形成是評判一次并購是否成功的標(biāo)準(zhǔn)。本文首先回顧了并購的動機(jī)理論和協(xié)同效應(yīng)的基本理論,再結(jié)合中國平安并購深發(fā)展銀行的具體實(shí)例,先闡述此次案例的特點(diǎn),主要包括雙方企業(yè)簡介、并購特征、動因和步驟,其次對中國平安并購深發(fā)展銀行整合過程中遇到的問題及解決方式進(jìn)行探討;最后將協(xié)同效應(yīng)細(xì)分為五個層次深入分析此次并購的效果。在數(shù)據(jù)選取方面,選取企業(yè)并購前后幾年的監(jiān)管和財(cái)務(wù)數(shù)據(jù)進(jìn)行統(tǒng)計(jì)分析,在數(shù)據(jù)分析方方法上,采用企業(yè)并購前后的數(shù)據(jù)進(jìn)行縱向?qū)Ρ扰c并購后企業(yè)與同業(yè)水平進(jìn)行橫向?qū)Ρ鹊姆绞?得出此次并購產(chǎn)生協(xié)同效應(yīng)的結(jié)論,最后結(jié)合具體實(shí)例對金融企業(yè)如何在并購中最大程度地形成協(xié)同效應(yīng)提出合理建議。
[Abstract]:With the development of economic globalization, the financial enterprises in developed countries in Europe and the United States have rapidly opened the mode of mixed operation through mergers and acquisitions. The results of mixed mergers and acquisitions in Europe and the United States have proved that mixed operations are reducing the risk of operation. Increasing the source of income is superior to the single business model in many aspects. The mixed operation has shown its unique advantages, and the mixed operation mode is bound to become the mainstream operation mode of financial enterprises. The competition in the field of international finance is becoming more and more fierce. Our financial institutions must adapt to the tide of the development of the times and adjust their management mode in time to stand erect in the forest of the world economy. The financial enterprises of our country have begun to embark on the road of mixed operation one after another. China Ping an is the first comprehensive financial group in China to create a mixed business model. With the approval of the Insurance Regulatory Commission and the State Council in 2003, China Ping an Insurance Co., Ltd. was formally established. At the beginning of its establishment, China Ping an was an insurance company. In order to adapt to the trend of economic development, China Ping an has opened the road of mixed operation, determined to build itself into an insurance company with the core of insurance, and to pool banks and investments. Consulting and other projects of the large one-stop integrated financial group. In June 2009 China Ping an announced the deep development of mergers and acquisitions to complete all legal procedures for mergers and acquisitions in June 2012. The M & A is typical in terms of the amount of M & A, the nature and scale of M & A industry and the purpose of M & A. This article has carried on the thorough analysis and research to whether the M & A is successful or not. Whether the synergy effect is formed is the criterion to judge the success of a merger. This paper first reviews the motivation theory of M & A and the basic theory of synergistic effect, and then, combining with the concrete examples of China Ping an M & A Deep Development Bank, expounds the characteristics of this case, mainly including the brief introduction of both sides, the characteristics of M & A. Secondly, the paper discusses the problems and solutions in the process of deep development bank merger and acquisition of China Ping an Bank. Finally, the synergy effect is divided into five levels to analyze the effect of the merger and acquisition in depth. In the aspect of data selection, the supervision and financial data before and after mergers and acquisitions are selected for statistical analysis. Using the data before and after M & A to carry on the longitudinal contrast and the horizontal comparison between the enterprise and the same level after M & A, the conclusion that the M & A has synergistic effect is obtained. Finally, some reasonable suggestions on how to form synergistic effect in M & A of financial enterprises are put forward.
【學(xué)位授予單位】：安徽財(cái)經(jīng)大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2017
【分類號】：F271;F832.39

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