摘要
基于我国民航业发展实际需要以及跨国并购的发展现状,以国外民航业的典型跨国并购案例——法荷航合并案为依托,研究本次航空公司跨国并购浪潮的特点,并从财务层面和非财务层面分别论证了跨国并购能否为航空公司带来经营绩效的提高和整体竞争能力的增强。通过研究发现,随着世界民航运输业的自由化程度越来越高,大型航空公司特别是国家航空公司通过跨国并购迅速实现自身整体竞争能力的增强,以及经营绩效的提高正成为未来航空公司发展趋势。基于国内外航空公司跨国并购研究,我国民航业应发挥市场的无形之手和政府的有形之手的相互作用,遵循"市场为主,政府为辅"的原则,加强政府的支持引导及法律法规的监管作用,坚持"走出去"战略,通过跨国并购做强我国民航业,提高我国航空公司整体竞争实力,实现我国民航业未来可持续发展。
Based on the actual needs of our country in the development of civil aviation and the current situation of the development of transnational mergers and acquisitions （M＆A）, backed up with the typical case of foreign civil aviation of transnational M＆A - Air France and Royal Dutch Airlines, this paper researches the characteristics and reasons of transnational airline M＆A wave, and demonstrates whether the transnational merger and acquisition can improve the performance and the whole com- petitive ability for airlines. The study shows that, along with higher and higher degrees of liberalization of the world civil aviation transportation, it has become the future development trend for large airlines, especially national airlines, to quickly enhance the whole competitive abilities and improve the performance through transnational M＆A. Based on transnational M＆ A researches of both Chinese and foreign aviation companies, our civil aviation industry should play the interaction between the invisible hand of the market and the visible hand of the government, follow the principle that the market plays the leading role while the government takes the auxiliary role, strengthen the governmental support guidance and the supervision of laws and regulations, and improve the whole competitive strengths of Chinese airlines through the transnational M＆A as to realize the sustainable development of civil aviation in China in the future.
出处
《企业经济》
北大核心
2013年第9期101-106,共6页
Enterprise Economy
关键词
中国民航
跨国并购
竞争力
市场主导
China＇ s civil aviation
transnational mergers and acquisitions
competitiveness
market - oriented
