一、企业并购析义与实证分析广义的企业并购包括企业并购实施行为和并购后的企业改造行为两部分内涵。企业并购实施行为与企业并购后的改造行为共同构成一次完整的企业并购活动。首先,企业并购实施行为是指具有独立法入财产权的企业在市场机制作用下表现出来的一种经济行为,是企业对激烈的市场竞争作出的一种反 First, the analysis of corporate mergers and acquisitions and empirical analysis of corporate mergers and acquisitions in a broad sense, including mergers and acquisitions and corporate mergers and acquisitions after the implementation of the behavior of two parts of the reform. The conduct of mergers and acquisitions (M & A) and the remodeling after M & A jointly constitute a complete M & A activity. First of all, the conduct of M & A refers to the economic behavior of enterprises with independent law into property rights under the action of market mechanism, which is an anti-enterprise anti-fierce market competition