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| Title: | 查核機制在企業併購中之角色與價值 |
| Authors: | 張祐康
Chang, Patrick Yowkang |
| Contributors: | 吳豐祥
張祐康
Chang, Patrick Yowkang |
| Keywords: | 企業併購
查核機制
無形資產
企業變革和重整
企業整合
策略聯盟
Mergers and Acquisitions
Due Diligence
Intellectual property
corporate change and reorganizing
post-merger integration
business alliances |
| Date: | 2006 |
| Issue Date: | 2009-09-14 09:44:32 (UTC+8) |
| Abstract: | 大多數關於企業併購的研究焦點著重於財務考量、人力資源管理或併購案之操作及流程管理，而本論文嘗試以整合性的方式，討論併購案之所有重要面向，包括許多被忽略的主題，例如：企業變革和重整、商業策略、工業關係、無形資產鑑價等。
Most researches on mergers and acquisitions (M&A) focus on financial matters, human resource management, or the operation and process management of the deal. This thesis tries to bring together all the essential elements of each domain, including subjects that are often overlooked or treated superficially by others, under an integrated aspect. Factors including corporate change and reorganizing, business strategy, industrial relations, assumptions-driven planning, entrepreneurship, post-merger integration, business alliances, deal structuring and strategies, financial modeling and simulation, and valuing intangible assets such as intellectual properties are integrated into a feasible model from the perspective of due diligence.
Practical examples and contemporary business cases and figures in the Western world are used for analyzing how mergers and acquisitions can be successful with win-win solutions through due diligence. Five real cases excerpted from three Taiwan high tech companies are examined in their M&A activities and are discussed as a series of interdependent movements in which each activity actually occurs. Suggestions and implementation are then proposed.
While intended for reference of companies in pursuit of mergers and acquisitions, this thesis also aims to have broader application for market appeal in both executive development and training programs. For those who are hoping to become or who are actively pursuing careers as financial analysts, chief financial officers, corporate treasurers, operating managers, investment bankers, business brokers, portfolio mangers, investors, as well as corporate development and strategic planning managers, this thesis and referred literatures can work as handy and useful references. Bank loaners, venture capitalists, business appraisers, actuaries, government regulators and policy makers, and entrepreneurs will also be the beneficiaries of the study.
Abstract ……………………………………………………………….1
Chapter One Introduction ………………………….2
1.1 Research Background ………………………………2
1.2 Research Objectives ………………………………..5
1.3 Thesis Structure ……………………………………..7
Chapter Two Literature Review ……………………8
2.1 M&A Literature Review ……………………………..8
2.2 Due Diligence ………………………………………..18
2.3 Summary of Literature Review …………………..26
Chapter Three Research Methodology and Design ….34
3.1 Conceptual Frameworks …………………………..34
3.2 Due Diligence Designated in M&A Process ……36
3.3 Research Method and Design …………………….37
Chapter Four Cases Studied …………………………40
4.1 Case I – Company A: Acer Group ………………..40
4.1.1 Background Information …………………...40
4.1.2 Major M&A Activities in the Past ………….44
4.2 Case II – Company B: Lite-On Group …………….57
4.2.1 Background Information ……………………57
4.2.2 Major M&A Activities in the Past ………….63
4.3 Case III – Company C: FuSheng Group …………75
4.3.1 Background Information ……………………75
4.3.2 Major M&A Activities in the Past ………….80
Chapter Five Research Findings and Discussion …….85
5.1 Strategic Goals ………………………………………85
5.2 Challenges Faced ……………………………………86
5.3 Due Diligence Performed …………………………..86
5.4 M&A Project Management …………………………88
5.5 Cross-border Issues…………………………………88
5.6 Implementations of the Research Findings …….90
Chapter Six Conclusions and Suggestions ………94
6.1 Conclusions…………………………………………...94
6.2 Suggestions to the M&A Professionals………….96
6.3 Suggestions for Future Researches …………….102
Bibliography …………………………………………104
Appendix ……………………………………………109 |
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| Description: | 碩士
國立政治大學
國際經營管理碩士班(IMBA)
90933010
95 |
| Source URI: | http://thesis.lib.nccu.edu.tw/record/#G0090933010 |
| Data Type: | thesis |
| Appears in Collections: | [國際經營管理英語碩士學程IMBA] 學位論文
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