摘要
通过对国内外航空公司国际竞争力的比较,得出中国航空公司国际竞争力较弱。而并购重组能扩大企业规模、提高企业运营效率,是提升航空公司国际竞争力的重要途径。本文在分析并购重组与国际竞争力关系的基础上,构建了基于并购重组视角的航空公司国际竞争力评价指标体系。采用因子分析法进行评价,并以东航并购上航为例进行了实证研究,得出并购重组能够带来并购效应,提升航空公司国际竞争力。
Though comparing international competitiveness of the airlines at home and abroad, the paper considers the international competitiveness of Air China is incompetent. However, mergers and acquisitions (M&A) can expand the scales and improve the operational effieiencies, which is an important way to enhance the international competitiveness of airlines. Based on the deep analysis of the relationship between M&A and international competitiveness, this paper establishes an evaluation indi- cator system for international competitiveness of airlines, by using the factor analysis method. Furthermore, an empirical research is made on the case of the merger between China Eastern Airlines and Shanghai Airlines to testify the effectiveness of the above study. Through the study, we find that mergers and acquisitions can obtain effects of M&A and enhance the in- ternational competitiveness of airlines.
出处
《企业经济》
北大核心
2013年第3期110-115,共6页
Enterprise Economy
基金
中国民航大学科研启动基金项目"中国民航企业资本运作与并购重组研究"(批准号:07QD01)
关键词
并购重组
航空公司国际竞争力
评价指标
因子分析法
mergers and acquisitions (M&A)
airline's international competitiveness
evaluation indicator
factor analysis method