摘要
并购动机理论认为企业基于市场运行竞争的压力,通过选择并购来消除或者控制行业竞争者以提升自身实力,保持市场竞争中的有利地位和竞争优势。但是企业若在并购前对目标公司情况(尤其是隐性债务)的尽职调查稍有不慎,极有可能会导致并购企业陷入泥潭而万劫不复。因此,文章针对企业(商行为主体)在并购实践中目标公司存在的隐性债务及其相关问题,在理论上进行深入分析研究,更好地为企业并购法律服务者的并购实践提供指引,进一步服务于新时代市场经济商事主体的健康发展。
The theory of acquisition motivation holds that the company can eliminate or control its competitors in order to improve its own strength and maintain the advantageous position and competitive advantage of market competition based on the pressure of market operation competition.But if the firm’s due diligence on target firms,particularly recessive debt,in the pre-merger,is likely to lead to the merger of mergers and acquisitions.Therefore,this paper discusses the implicit debt of the target company in the practice of merger and acquisition in theory,so as to provide guidance for the legal service providers of m&a,and further serve the healthy development of business subjects.
作者
栾维栋
Luan Weidong(Law School,Taiyuan Institute of Technology,Taiyuan 030008,China)
出处
《江苏科技信息》
2019年第8期15-17,共3页
Jiangsu Science and Technology Information
关键词
股权收购
隐性债务
防范机制
equity acquisition
hidden debt
prevention mechanism
