通常认为,合并是在规模与能力大致相当的企业之间发生,合并使参与各方的“所有权”优势实现内部化,以获取协同经济、规模经济和范围经济效应。收购是规模较大、实力较强或资本化程度较高的企业接管一家规模较小或实力较弱的企业,通过收购可以迅速获得后者的“所有权”资产与“ It is generally accepted that mergers occur between firms of roughly equal size and capability and that the merger internalizes the “ownership” advantage of all parties involved in order to obtain synergic, economies of scale and economies of scope. Acquisitions are larger, more capable or capitalized firms that take over a smaller or weaker organization and acquire quickly access to the latter’s “ownership” assets and "