我国企业并购模式的比较分析

在全球经济一体化趋势越来越明显,世界范围内的经济竞争日益激烈的今天,并购已成为各国企业壮大自身实力,优化资源配置,在竞争中获胜的有效手段。而如何在并购中找到适合自身发展的最佳模式,是并购最终能否成功的关键所在。我国的企业并购虽已走过20几年的历程,但比起西方的百年并购史显然还不够成熟,需要在各方面加以完善,尤其是关于企业并购模式的研究,有助于在并购中起到事半功倍的作用。本文将从企业并购的基本模式入手,对西方及我国的各类并购模式进行分析和探讨,以便我国企业能从中找到适合自身发展的并购模式。     

Subsidiary capability upgrading under emerging market acquirers

This article leverages a case study of a recent Chinese acquisition in the United Kingdom to explore the upgrading of capabilities in the subsidiaries in developed countries acquired by emerging market multinational enterprises (EMNEs). The seemingly implausible upgrading phenomenon is explained by the EMNEs’ complementary assets, their GVC lead firm positions and the unique power relationship between the acquirer and acquired firms, which enable the EMNEs to ‘impel’ upgrading and encourage ‘co-learning’ in their acquired subsidiaries. The contributions to the literature on EMNEs, global value chains, and organizational learning are outlined and discussed.     

The production of strategic and financial rationales in capital investments: Judgments based on intuitive expertise

This paper's aim is to examine how strategic and financial rationales are produced in strategic capital investments. Informed by literature on capital investments, strategic fit, and intuitive expertise, the study examines the production of strategic and financial rationales and how they are related. This is done by conducting a detailed case study of how these rationales are described in decision documents and how the documents were produced. The setting is an acquisition by a large, successful serial acquirer.The analysis reveals how the production of strategic and financial rationales is based on judgments of a myriad of data using rough estimates. We argue that these judgments are made through an intuitive process based on expertise. The study contributes to the literature by surfacing individuals' intuitive expertise as an important ‘hidden’ activity of judgment in strategic investment decision-making. Thus, the study shows, and brings theoretical underpinnings, to how the presence of expertise and the character of the tasks can result in appropriate intuitive judgments positively affecting strategic investment decision-making.     

反垄断法实施中相关市场界定的SSNIP方法研究——局限性其及改进

20世纪80年代以后,世界主要国家和地区在反垄断法实施中越来越多地采用SSNIP方法来界定相关市场。SSNIP方法也称做假定的垄断者测试,检验的是小而显著的非暂时性价格上涨是否能使假定的垄断者有利可图。SSNIP方法在理论上明显优于产品功能界定法,然而在反垄断司法实践中,SSNIP方法也存在着明显的局限性。为了弥补SSNIP方法的缺陷,欧美国家的反垄断当局在司法实践中对SSNIP方法进行了改进,并采用多种替代的辅助测定方法,形成了相互映照的相关市场界定的方法体系。我国在刚刚颁布的《相关市场界定指南》中采用了SSNIP方法。考虑到中国的特殊国情,在反垄断司法实践中需要对SSNIP方法进行改进和完善,以保证反垄断政策的有效实施。     

企业并购品牌整合对品牌资产的影响

全球金融风暴引起新一轮的企业并购浪潮。在品牌并购中,品牌整合是企业要解决的核心问题。在梳理相关文献的基础上,分析品牌整合对品牌资产的影响过程,构建基于消费者的品牌整合对品牌资产影响的理论模型,并提出加强并购品牌整合的对策建议。     

论善意取得制度在不动产上的适用

善意取得是各国民法物权法上的一项重要的法律制度,它主要解决财产所有人与善意受让人之间的冲突,确认和保护善意受让人在交易中已取得的物权。不动产善意取得制度的研究,重在解析我国不动产善意取得的构成要件和法律效力,须以不动产善意取得制度的渊源和理论基础为出发点,同时,对我国应该实行不动产善意取得制度的问题进行深入探讨,还有必要综合考察不同法系国家的善意取得制度。     

知识视角下的发明过程研究综述

创新是一个国家兴旺发达的不竭动力,发明是创新的关键环节之一,对国家科技事业发展意义重大,但是有关发明过程本身的研究还不够细致深入。根据近代和当代对发明过程的研究,通过整合已有的发明过程理论,认为知识获取、知识表示和知识重组是发明过程的核心环节。从知识视角出发,总结了信息管理、知识管理和发明方法领域针对上述3个环节的研究现状和趋势。最后,对发明过程的研究进行了展望,提出了用知识表示描述发明过程的观点。     

孔子学院对海外汉语学习的影响

本文针对孔子学院对汉语习得的经济效应和孔子学院与当地服务外国人士（非华裔子弟）的汉语学校之间的相互影响进行了理论分析。研究结果显示,尽管孔子学院提供的汉语课程使得自学汉语的人数和汉语学校的学生人数双双下降,但是孔子学院的学生人数大量增加。整体而言,孔子学院成功地引导了更多的海外人士习得汉语。在绝大多数情况下,不管当地是否已经存在汉语学校,所在国的经济福利都将受益于孔子学院的建立。     

Do Strategic Motives Affect Ownership Mode of Foreign Direct Investments (FDIs) in Emerging African Markets? Evidence from Ghana

The objective of this study is to examine the influence of ownership, location, and internalization‐specific factors, as well as strategic motives on ownership choice of foreign subsidiaries in Ghana. The authors use a quantitative methodology in order to statistically explore the relationships between dependent and independent variables by using the logistic regression model. The analysis was based on 115 manufacturing investments made by multinational corporations (MNCs) from different countries in 1994–2013. The results indicate that contractual risk leads to the choice of whollymowned subsidiary while cultural distance and country risk lead to the choice of the joint venture. In the case of the motives, efficiency‐seeking and resource‐seeking FDIs lead to the choice of the joint venture. © 2016 Wiley Periodicals, Inc.