近年全球范围内掀起了企业并购的狂潮,其规模和数量达到了历史空前水平。诚然,并购作为资本运营的重要形式,为优化社会资源配置、升华企业管理能力、培植规模经营、营造市场竞争环境都发挥了不可否认的作用。但调查显示70％多的并购效果平平甚至以失败告终,成效显著者不到30％。 In recent years, the frenzy of mergers and acquisitions has been set off in the world and its scale and quantity have reached an all-time high. Admittedly, as an important form of capital operation, M & A has played an undeniable role in optimizing the allocation of social resources, enhancing the management ability of enterprises, fostering scale management and creating a market competitive environment. However, the survey shows that more than 70% of mergers and acquisitions were mediocre or even unsuccessful, with less than 30% of those with remarkable results.