| 信息不对称条件下企业跨国并购的动因探析 |
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| 引用本文： | 莫晓芳,彭真善.信息不对称条件下企业跨国并购的动因探析[J].经济与管理,2006,20(11):40-43. |
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| 作者姓名： | 莫晓芳 彭真善 |
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| 作者单位： | 华中科技大学,经济学院,湖北,武汉,430074;湘潭大学,商学院,湖南,湘潭,411105 |
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| 摘 要： | 信息不对称是促使企业跨国并购的重要原因。跨国Cournot垄断竞争模型考虑产出协调和信息分享两方面。非对称信息下并购发生的可能性超过对称信息情形，外国企业总倾向于与一国内企业分享信息，并购的发生取决于需求波动程度及产品异质性程度。
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| 关 键 词： | 跨国并购 信息分享 产出协同 |
| 文章编号： | 1003-3890(2006)11-0040-04 |
| 收稿时间： | 07 1 2006 12:00AM |
| 修稿时间： | 2006年7月1日 |
Analysis on Firm's Cross-border M&A under Asymmetric Information Condition |
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| MO Xiao-fang,PENG Zhen-shan.Analysis on Firm's Cross-border M&A under Asymmetric Information Condition[J].Economy and Management,2006,20(11):40-43. |
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| Authors: | MO Xiao-fang PENG Zhen-shan |
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| Institution: | 1. College of Economics, Huazhong University of Science and Technology, Wuhan 430074, China; 2.Business School, Xiangtan University, Xiangtan 411105, China |
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| Abstract: | Information asymmetry is one of the incentives for firms to cross-border M&A(CM&A).The model of international transnational monopoly competition considers two aspects of output coordination and information sharing.We show that a merger occurs more often under asymmetric information than under symmetric information,the foreign firm and a domestic firm always want to share information,and a merger occurs depends on the extent of demand fluctuation and product differentiation. |
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| Keywords: | CM&A information sharing output coordination |
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