从智猪博奕理论看民营企业跨国并购策略

进入21世纪以来,作为国际并购市场上一支新兴的力量,中国民营企业开始尝试国际化的发展战略。但与国外达国家企业一百多年并购的历史和经验相比,中国民营企业无论在经验还是规模和实力上都有较大的差距。中国民营企业跨国并购的成功率实际上是比较低的。根据智猪博奕理论,在并购竞争中处于劣势地位的中国民营企业应在并购目标、并购区位和并购方式的选择上避强就弱,并组建并购战略联盟等策略发挥自身的优势与特点,才能在激烈的并购博奕中占有一席之地。     

浙江民营企业对外直接投资的SWOT分析

浙江是民营经济发展比较好的省份,民营企业在全省企业总数中占很大比例。对外直接投资中,民营企业具有产业集群、创业精神和企业家资源、产权清晰、机制灵活等优势;也存在生命周期较短、投资方式比较单一、自主研发能力不强、缺乏投资长远规划等劣势。同时,面临相对区位优势、劳动力资源丰富、政策环境优势以及国际竞争激烈、融资较难的机遇和挑战。因此,要加强政府宏观指导,培养创新意识,招纳国际化的经营管理人才,采取多样化的投资方式。     

Private Exporters Receive Help in Guangdong

The government of Guangdong will step up its support to export-oriented private businesses which play an increasing role in the southern province＇s foreign trade and overseas investment.     

管理创新:民营企业发展的基石

面对全球经济一体化与国际竞争日趋激烈的经营环境 ,民营企业为求得生存和发展 ,必须追求卓越 ,不断创新。文章分析了民营企业的管理思想创新 ,管理模式创新 ,管理手段创新 ,试图使民营企业通过管理创新在激烈的市场竞争中发展壮大。     

Outward internationalization of private enterprises in China: The effect of competitive advantages and disadvantages compared to home market rivals

This study uses the resource-based view of a firm to examine the outward internationalization of private firms in China. We investigate the extent to which advantages/disadvantages of resource endowment and organizing capability of Chinese private enterprises (relative to both state-owned enterprises and foreign-invested enterprises at home) may drive outward internationalization and affect their risk-taking tendency when going international. Our analyses of 553 Chinese private enterprises show that a Chinese private firm's likelihood of venturing abroad is associated with resource endowment advantages vis-à-vis foreign-invested enterprises, organizing capability advantages vis-à-vis state-owned enterprises, and organizing capability disadvantages vis-à-vis foreign-invested enterprises. These same advantages (or disadvantages) in organizing capabilities also increase a firm's likelihood of choosing a high-risk entry mode. We also find that a firm's resource endowment and organizing capabilities interact with each other and mutually enhance each other's effect on the likelihood of outward internationalization.     

透析温州民营企业"走出去"模式

企业国际化经营主要从两个方面入手,即出口贸易与境外投资。温州民营企业“走出去”的模式有：合作出口式走出去、创建境外专业市场、国际连锁专卖、国外设立研发中心、与国际巨头强强合作、海外设立生产基地六种。温州民营企业理性地选择“走出去”模式,从产品输出到重视品牌输出,将“引进来”与“走出去”巧妙地结合起来等,表现了其特有的理性与成熟。     

基于“微笑曲线”理论下提升民营企业核心竞争力的研究

国际金融危机以来,我国民营企业面临着前所未有的机遇与挑战,提升核心竞争力是我国民营企业未来可持续发展的关键。本文基于＂微笑曲线＂理论分析了我国民营企业在国民经济和社会发展中的重要作用及面临的问题和困境,提出向全球产业链＂微笑曲线＂两端转移发展的必要性以及在此基础上提升我国民营企业核心竞争力的具体对策和措施。     

论我国私营企业以集团化迎接WTO挑战

面对WTO,我国的私营企业要提高自己的竞争力和创新能力、提高自己的生成能力及参与国际 竞争能力,在全球经济大海中搏击,这一切都有赖于走集团化道路。     

关于我国民营企业融资问题的思考

随着我国经济体制的建立,各类企业纷纷登场,异彩纷呈。民营企业也随着经济改革的大潮蓬勃发 展,民营经济在国民经济中所占的比重越来越大。但是由于银行的传统偏见和民营企业自身的特点,融资 难的问题始终是制约民营企业向大而强方向发展的关键。     

私营企业内部审计研究

中国加入WTO以后 ,私营企业将面临着更大的挑战 ,加快现代企业制度建设 ,加强内部控制已成为私营企业的当务之急。内部审计作为内部控制的一部分 ,还没有为私企经营者所重视 ,还没有起到应有的作用。目前私营企业内部审计尚存管理、素质、舆论等障碍 ,应围绕规范化建设加强内控评审 ,突出管理和经济效益     

Foreign trade potential,small enterprise development and job creation in developing countries

Increasing American competitiveness in the international economy requires expanding trade with emerging markets, especially in developing countries of Asia, Latin America and Africa. Historically, as developing countries' economies have grown, the capacity for exporting and importing have both expanded. In the future, the capacity for trade in developing countries will depend increasingly on their ability to create sufficient numbers of jobs to absorb their rapidly growing labor forces.Unlike Western countries, most developing economies have a small percentage of their labor forces in large-scale manufacturing and a large share engaged in small-scale and informal sector enterprises. Small-scale enterprises have been the primary sources of labor absorption in cities in developing countries and will continue to play a crucial role in the future. Experience has shown that policies for improving the capacity of small-scale enterprises to generate jobs have had only mixed results in developing countries. The challenge facing governments and the private sector in the future include: (1) creating an economic environment conducive to small-enterprise development; (2) removing regulatory and administrative obstacles to small-enterprise expansion; (3) tailoring small-enterprise promotion programs to local conditions and needs; (4) providing capital and credit for small-business owners; (5) involving the private sector in small-enterprise development programs; and (6) providing technical assistance, training and educational programs through public-private partnerships.     

Entry mode choice of Chinese enterprises: The impacts of country risk, cultural distance and their interactions

Recent years have witnessed a phenomenal growth in the number of Chinese enterprises “going global.” Drawing on three leading theoretical perspectives including the transaction cost theory, organizational capability theory and eclectic theory, this paper develops hypotheses to test how country risk and cultural distance are associated with entry mode choices of enterprises from China. Based on a sample of 167 Chinese companies, an empirical investigation has been conducted employing logistic regression and hierarchical regression analyses. Our results show that country risk and cultural distance have significant impact on entry mode choice. With the increase of country risk or cultural distance, businesses prefer non-ownership-based entry modes such as trade and licensing. However, entry mode choice is also noticeably influenced by the interaction between country risk and cultural distance, which is a new finding of international entry mode research. Furthermore, private enterprises are more likely to adopt high-involvement entry mode than the state-owned enterprises, and service enterprises are less likely to use high-involvement entry mode, which suggests that different approaches are used to deal with country risk and cultural distance by various types of enterprises.     

后危机时代我国汽车出口额对虱内生产总值影响作用的回归模型分析

在加入世贸组织后到金融危机前,我国汽车出口对国内生产总值的影响显著,汽车整车出口的增加带动了GDP的增长。即使在遇到金融危机的2009年,汽车出口对GDP亦有很明显的拉动作用。我国政府对汽车产业的扶植政策应该一直坚持下去。尤其是对于具有自主品牌的民营汽车企业采取海外并购,拓展海外市场的行为应该给予鼓励。同时,我国汽车企业需要提升产品的质量标准,符合国际规范,从原材料的采购到最终的销售环节都需要以国际标准要求自己,在此基础上。积极实施品牌战略。     

我国民营中小企业内部控制问题及对策研究

我国的民营中小企业是在不规范的市场经济中成长起来的,在激烈的市场竞争中生存日益艰难,众多民营中小企业甚至被市场无情地淘汰,其重要的原因在于企业内部控制的缺失或失效。越来越多的民营中小企业已经意识到构建内部控制对企业的重要性,但是在民营中小企业中实施内部控制还存在着诸多问题。通过分析这些问题,提出了相应对策。     

A Framework for Effective Global Marketing for Developing Country Public Sector Enterprises

Public sector organizations show distinct differences in structure, management, philosophy, and performance when compared to private sector organizations. In recent years, however, public sector organizations have emerged as important income contributors and a potent technology source to developing countries through their active internalization efforts. Public sector organizations have begun to enter and operate in international markets, due to the home-country push and host-country pull factors. The purpose of this conceptual paper is to examine the globalization process of developing country public sector enterprises and develop a marketing oriented framework for effective internalization process.     

中国民营企业的发展分析

改革开放以来 ,民营企业以它特有的活力 ,对我国的经济发展起到了重要的作用。而面对我国加入世贸组织后的新形势 ,如何寻找新的发展空间 ,这是民营企业面临的一个重大的问题。同时 ,国有企业也可以从民营企业这些年的发展上找到一些启发。全面分析了民营企业的特点及面临的机遇和挑战 ,并提出一些发展思路。     

关于江苏企业“走出去”的思考

在经济全球化条件下,企业"走出去",在国际市场占有一席之地,企业才能扩展自己生存与发展的空间.目前,江苏省国有大中型企业体制僵化,企业在缺乏技术优势和持续创新能力以及缺乏资金实力的情况下.难以真正"走出去",无法应对快速变化的海外市场.江苏省应优先推动民营、私营企业"走出去",优先推动对外承包工程和劳务输出,优先推动大中型企业到发达国家设立技术开发机构,鼓励大中型企业投资、收购海外高科技中小企业,把"引进来"和"走出去"结合起来,充分利用国内外两个市场、两种资源,提高江苏经济的国际竞争力.     

促进民营企业跨国并购的对策研究

跨国并购是中国民营企业跨国发展的重要方式之一。现阶段，中国民营企业跨国并购的主要特点是并购规模小。造成这种现象的主要原因在于民营企业跨国并购面临着所有制歧视、企业制度、法律和中介机构不完善等方面的障碍。只有通过采取建立扶持政策、完善监管体系、法律体系和非政府支持体系等方面的措施，中国民营企业跨国并购才能获得更大的发展。     

浅谈中小型民营制造企业的转型升级

中小型民营制造企业做为一个法律主体,一直处于相关法律系统缺位的状态或是相关法律不明确、混乱的状态。因而在转型升级中,必须实现有法可依,使其能在法律的保障和约束下进行转型升级。仅以京津冀经济链附近的某四线城市的中小型民营制造企业为借鉴主体提出立法建议,鼓励中小型民营制造企业建立健全完善的现代企业体系;建立健全中小型民营制造企业的政府管理、服务体系;积极完善中小型民营制造企业的电子信息档案;鼓励中小型民营制造企业企业主、管理人员、技术人员参加职业培训、成人教育等渠道接受再教育,提高相关知识、技术水平。     

Ethical Compliance Programs and Corporate Illegality: Testing the Assumptions of the Corporate Sentencing Guidelines

This paper analyses the ethical performance of foreign-investment enterprises operating in China in comparison to that of the indigenous state-owned enterprises, collectives and private enterprises. It uses both the deontological approach and the utilitarian approach in conceptualization, and applies quantitative and econometric techniques to ethical evaluations of empirical evidences. It shows that according to various ethical performance indicators, foreign-investment enterprises have fared well in comparison with local firms. This paper also tries to unravel the effect of a difference in business culture and competitive market forces on ethical performance by comparing the behavior of foreign-investment enterprises with that of the indigenous state-owned enterprises and collectives on the one hand, and with that of the indigenous private enterprises on the other.