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一、铁路运输企业引入并购机制的必要性和可能性 企业发展通常有两种方式,即内部发展方式和外部发展方式。前者通过内部投资购买生产资料新建生产能力,后者则通过兼并收购获得行业内原有生产能力。长期以来,铁路运输企业采用的都是内部发展方式,即企业的扩张、发展完全依靠投资自建。采用这种内部发展方式有它的历史原因,但在市场经济的新时期,单纯使用内部发展方式是不够的,
I. The Necessity and Possibility of Railway Transport Enterprise Introducing Merger and Acquisition Mechanism There are usually two ways for the development of an enterprise, that is, the internal development mode and the external development mode. The former purchases new means of production through internal investment and the latter acquires the original production capacity in the industry through mergers and acquisitions. For a long time, the railway transport enterprises have adopted the internal development mode, that is, the expansion of their enterprises, and their development depends solely on investment. There are historical reasons for adopting this internal development mode. However, in the new era of market economy, it is not enough to simply use the internal development mode.