外资对黑龙江省旅游业的影响及对策

外资对于黑龙江省旅游业的发展起着至关重要的作用，本文针对黑龙江省旅游业内各行业的发展现状及特点，论述了外资给黑龙江省旅游业发展所带来的影响，并在此基础上提出相应的对策以达到趋利避害的目的，从而使外资更好地为黑龙江省旅游业服务。     

外资对我国制造业的影响及对策

我国制造业的年生产总值,多年来在GDP中的比重一直保持在40%以上,这种局面,同外商投资是分不开的。中国实际使用外商直接投资已超过美国,成为全球吸收外商直接投资的“第一大国”。外商投资好比是一把“双刃剑”,一方面给中国制造业的发展带来了积极影响,另一方面也造成了一些负面影响。本文拟从这两方面进行分析,并提出了我国对此应该采取的对策建议。     

新税制改革对外资并购的影响及对策

随着中国经济的高速发展,税制改革作为积极促进和推动经济发展的宏观调控手段也在紧锣密鼓的进行着,特别是近五年间,税制改革与中国整体经济的改革几乎同步进行。本文从新税制改革入手,通过回顾和比较与外资并购活动有关的新税制改革内容,分析和探讨了新税制改革对外资并购的影响,并提出在新税制改革的情况下外资并购的主要动机正在发生微妙的变化,即外资并购的税收协同效应已不断弱化,并购行为逐步摆脱了急功近利的投机动机,在并购企业的选择方面更注重产业战略布局和全球化的战略布局。     

透视外资收购

中国品牌被外资收购后，有的遭“斩首”，有的借势腾飞。同样的收购不同的结局，究其原因，实则简单。从收购目的与收购价值出发，可以弄清外资收购中国品牌的四种模式，而不同模式的出发点都出于收购者自身利益的考虑。     

外商暂存业务对我国经济的影响及对策

随着世界经济一体化趋势的发展,新型的保税区外商暂存业务逐步渗入中国经济,不外资和国内业界带来了新的契机和挑战.     

浅析外资并购对我国经济的影响及对策

近年来,外资并购在我国表现出快速增长的态势。本文首先分析并购在我国发展的原因,在此基础上,通过案例、比较等研究方法主要探讨了并购对我国经济所产生的消极影响,并指出了应对不利问题的措施。     

外资并购对我国上市公司的影响及对策

加入WTO后 ,外资并购在我国日益频繁 ,运用这一手段可以使并购双方降低企业的生产成本 ,达到优势互补 ;合理避税 ,增加公众对企业的预期值 ;开辟我国上市公司融资新渠道 ;促进资产流动 ,扩大生产规模 ;融入国外先进的企业理念、企业文化、营销观念等。然而在外资并购过程中也存在一些消极影响 ,文章对此提出了必要的对策和建议。     

浅析外资并购对我国经济的负面影响及对策

跨国并购已成为国际直接投资的主要形式,今后几年,我国将成为企业并购活动最频繁的地区之一。外资并购对推动我国产业结构升级、推动国有企业改造重组、推进技术进步等方面产生积极影响的同时,也对我国经济产生严重的负面影响。本文对其不利影响进行了分析并提出了相关对策。     

外资收购我国国有资本动机研究

自从入世以来,外资在华并购活动越发频繁,并且大量涉及到了对我国国有资本的收购。被收购的国有资本往往数量巨大,且在国家经济中占据了重要位置,对我国经济和社会发展造成多方面影响。对外资进行国有资本收购行为背后的动机进行深入的探析,从而为防止各种经济和社会问题的深化打下基础,这对我国企业、经济、社会的发展无疑是至关重要的。     

The impact of mergers and acquisitions on brand equity: A structural analysis

An overlooked strategic benefit of mergers and acquisitions (M&As) is their impact on brand equity. M&As may affect consumer brand preferences, which in turn will affect a firm’s profit. We develop a structural model with a difference-in-differences specification to measure how M&As affect a firm’s profit through three mechanisms: brand equity, cost synergies, and product portfolios. We analyze Lenovo’s acquisition of IBM’s PC division in China’s PC market and find that the increase in brand equity contributed the most to increasing Lenovo’s profit, followed by cost synergies. To explore the generalizability of our modeling approach, we apply it to Geely’s acquisition of Volvo and also find that the gains in brand equity contributed the most to Geely’s profit increase.     

Control mechanisms of MNEs and absorption of foreign technology in cross-border acquisitions

This study investigates the impact of control mechanisms exercised by MNEs on knowledge (technology) absorption in cross-border acquisitions (CBAs). The empirical examination was undertaken in Korea, which is a newly industrialized emerging market, where knowledge acquisition from foreign investing firms is particularly important to leapfrog into advanced economies. We find that most of the control mechanisms (i.e., ‘staffing the top management positions’, ‘participation in the policy making and planning process’, ‘interaction of the subsidiary's top management with the MNE’ and ‘participation of foreign expatriates in key functional areas’) have a positive association with organizational learning. In addition, we also uncover that provision of training programs for a fixed period creates more synergy when it is combined with constant and continuous education in daily activities. This study contributes significantly to the body of control mechanism literature and the understanding of CBAs, and also provides practical implications for MNEs intending to enter foreign markets by partially purchasing the equity shares of local firms.     

Picking cherries or lemons: A unified theory of cross‐border mergers and acquisitions

This article provides a theoretical framework that enhances understanding of empirical evidence suggesting that international mergers and acquisitions, a key source of foreign direct investment, seemingly target in‐country firms that are at the extremes of the productivity spectrum—either high‐productivity firms, so‐called cherries, or low‐productivity firms, the “lemons.” The framework demonstrates that foreign firms with intermediate inputs seek high‐productivity domestic firms, while foreign firms with managerial expertise seek low‐productivity domestic firms. We also show that because of the difference in available outside options, high‐productivity domestic firms can demand a significantly higher portion of profits in the partnership than low‐productivity domestic firms.     

黑龙江省对外贸易对经济增长的拉动效应分析

本文运用SAS统计软件对黑龙江省对外贸易与经济增长关系进行回归分析。可以看出,对外贸易促进了黑龙江省经济发展,但与全国平均水平相比还有很大的差距。因此,黑龙江省应根据现实情况,充分利用自身优势大力发展对外贸易,在东北振兴中实现经济的跨越式、可持续发展。     

新冠肺炎疫情对外贸影响的研究

2020年春节前,新冠肺炎疫情来势汹汹,给我国交通运输、餐饮业等服务业带来了巨大打击,特别是外贸受到较大影响,不仅延迟复工影响到外贸订单履行,疫情让一些国家取消中国企业订单,严厉的管制措施影响到外贸活动的开展,而且一些国家的恶意推动恶化了中国外贸环境。应进一步加强与国际组织和相关国家的沟通、实施力度更大的积极财政政策、加大对重点行业的扶持力度、持续改善投资环境,为我国外贸健康发展保驾护航。     

The impact of industry-wide and target market environmental hostility on entrepreneurial leadership in mergers and acquisitions

Based on survey data from 115 acquisitions completed between 2008 and 2011 by European acquirers from German-speaking countries, we find evidence that entrepreneurial leadership is a strong predictor of exploration and a weaker but significant driver of exploitation outcomes following M&A. Industry-wide environmental hostility negatively impacts the influence of entrepreneurial leadership on exploitation. Target market environmental hostility negatively impacts the influence of entrepreneurial leadership on exploration. Thus, while entrepreneurial leadership is a key success factor of M&A performance by increasing both, post-merger exploration and exploitation, acquirers need to take environmental conditions at the industry and market level into account.     

The foreign expansion of a service company: The case of ISS A/S

The internationalization of business increasingly is led by service sectors, particularly services based on highly skilled labour industries. This article explores a quite different range of services – those that employ low-skilled workers in labour-intensive services. The article is based on the case of ISS – International Service Systems – which over the past four decades has pursued an aggressive internationalization strategy. The article describes the foreign expansion history in the period from 1960 to the year 2000 that reflected the vision of top management in combination with the development of a unique business model. In order to explain its development, three theoretical frameworks are highlighted, and it is shown that the resource-based view offers a convincing frame of interpretation.     

我国跨国公司并购现状分析

近年来,我国在国际市场接连出手,跨国并购多个世界级企业。一方面,增强了我国跨国公司的整体实力,有利于学习外国先进管理经营方法;另一方面,大规模的跨国并购也产生了一系列问题。我们应该认识问题、解决问题,使我国跨国公司更高效的运转,更好地实行走出去战略。     

The stock market performance of exploration-oriented and exploitation-oriented cross-border mergers and acquisitions: Evidence from emerging market enterprises

This study builds on insights from mergers and acquisitions (M&A) studies and the perspective that stock market performance is affected by the M&A strategies of firms. Past studies show that acquisitions are an effective way to exploit existing knowledge and explore new possibilities. We argue that stock market performance can be a response to exploration/exploitation strategies in the context of cross-border M&As by emerging market multinationals. Based on cross-border M&A data of Chinese multinationals, we find that exploration-oriented acquisitions have worse stock market performance than exploitation-oriented acquisitions. Furthermore, we find support for our premise that acquiring firms can reduce the risk of exploration-oriented acquisitions by having more high-discretion slack resources or by maintaining a high level of equity share of the target firm. In addition, acquiring firms perform better if they conduct exploration-oriented acquisitions in related industries. Our results contribute to a better understanding of exploration and exploitation in the context of M&As.     

Wholly owned foreign subsidiary relation-based strategies in volatile environments

Drawing from dynamic capability, institutional, nonmarket strategy, and social-network literatures, we detail wholly owned subsidiary (WOFSs) relation-based strategies (RBSs). We explain how deploying RBSs with key nonmarket and market actors will create competitive advantages for WOFSs operating in volatile emerging market environments. We posit that dynamic capabilities will drive the deployment of RBSs by WOFSs, and argue that the positive relationship between dynamic capabilities and RBS deployment will strengthen as perceived institutional uncertainty increases. We further suggest that the greater the strength and frequency of RBS deployment, the more likely that a WOFS will establish a combination of nonmarket-based and market-based embedded assets. Also, our theory proposes that greater integration of nonmarket-based and market-based assets will enhance WOFS financial performance outcomes. Implications for future research are discussed.