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M&A(Merger & Acquisition)意为兼并与收购。这是西方许多大公司在扩张市场时采用的主要方法,也客观上使生产要素得到了充分的流动,资本得到了最好的回报。这一两年来,我国许多国有企业处于停产半停产状态,但其资本凝滞不能带来效益,产权流动便被提上了日程,以产权转让为表现的兼并和收购行为在我国也开始出现了,并成了亏损企业寻求再生的有效方式。经济学家戴园晨教授对此有独道的研究,这里相约成文,其文可为企业家们开开窍。
M&A (Merger & Acquisition) means mergers and acquisitions. This is the main method adopted by many Western companies in expanding their markets, and objectively makes production factors fully flowed, and capital has received the best return. In the past two years, many state-owned enterprises in China have been suspended or semi-discontinued. However, their capital stagnation cannot bring benefits, and property rights flow has been put on the agenda. Mergers and acquisitions that take property rights transfer as their performance have also begun to appear in China. It has become an effective way for loss-making companies to seek regeneration. Professor Dai Yuanchen, an economist, has a unique research on this subject, and here is similar to the written essay. The article can open up for entrepreneurs.