收購方企業 的英文怎麼說

中文拼音 [shōugòufāngqìyè]
收購方企業 英文
acquiring enterprise
  • 收 : Ⅰ動詞1 （把攤開的或分散的事物聚集、合攏） put away; take in 2 （收取） collect 3 （收割） harvest...
  • 購 : 動詞（買） purchase; buy
  • 方 : Ⅰ名詞1 （方形; 方體） square 2 [數學] （乘方） involution; power 3 （方向） direction 4 （方面） ...
  • 企 : 動詞1. （抬起腳後跟站著 ） stand on tiptoe2. （盼望） anxiously expect sth. ; look forward to
  • 業 : Ⅰ名詞1 （行業） line of business; trade; industry 2 （職業） occupation; profession; employment; ...
  • 收購 : purchase; buy
  1. Buyers ( management ) can get profit from the raising of companies performance and the underestimated prices, avoid hostility acquisition, satisfy the needs of carving out business ; seller ( shareholder ) can reach the purpose of reducing agency cost, incent and restrict the management, peel off assets and change public - owned departments to private departments

    買方管理層可以獲得來自公司經營業績的提高和企業價值被低估的收益，避免被敵意收購，滿足創業的需要；賣方股東可以達到降低代理成本、激勵和約束管理層、剝離資產和公營部門私有化的目的。
  2. From the 1980s to the acquisition of loss - making state - owned small and medium - sized enterprises to turn to the acquisition of better effectiveness of the state - owned backbone enterprise ; investment in equity participation has become a main holding

    從80年代以收購虧損的國有中小型企業轉向了收購國有效益較好的骨幹企業；投資方式也于參股變成了以控股為主。
  3. In a word, it presents a comprehensive and systemic analysis on mbo in china and foreign countries, from the followly fire aspects : the background of mba, the policy environment, the objective firms, the pricing methods, the financing system, find out differences of mba and the causes of them, and combinating special eco - nomic environment and economic traces of our country, the author puts forward counterplan. these counterplans primarily include : from strengthening laws, enhancing the information to publish, culturing to agency and etc to come to perfect the mbo policy environment on our country ; defining objective firms of mbo in realm that the state - owned property is decided to withdraw ; with the clean property worth for the foundation, synthesize to consider managers " contribute and the value of control powers with company, and pass the market mechanism to come for right price of the objective firms ; pass growing the organization investor, creative financing tool and optimizing the assistant financial system, establishing the valid withdrawing way of financing etc to resolve the financing problem

    在此基礎上，論文從收購背景、政策環境、目標企業、定價方法、融資體制等五個方面對中外mbo做了全面系統的對比分析，找出了兩者的差異及原因，並結合我國特有的經濟環境和經濟軌跡，提出了相應的對策措施。這些對策主要包括：從健全法律法規、加強信息披露、培育中介機構等方面來完善我國mbo的政策環境；在國有資產決定退出的領域內對mbo的目標企業進行界定；以凈資產值為基礎，綜合考慮管理層貢獻和公司控制權兩個因素，通過市場機制來為目標公司正確定價；通過培育機構投資者、創新融資工具和優化配套金融制度、建立有效的融資的撤出渠道等來解決融資問題。
  4. Secondly, after analyzing the strategic relations between the manufacturer and the supplier, the dissertation brings forward that the manufacturer must category the materials and select different supplier to built relations, explains the features and the advantages and disadvantages of strategic partnerships, and bring forward that the manufacturer must give some special request for the supplier strategic partner. thirdly, the dissertation analyses and summarize the existing methods of supplier selection, and point out their disadvantages. then, the dissertation apply the extenics to the dynamic selection model of the strategic supplier, building the evaluation indexes with implication systems, selecting strategic supplier with rhombus thinking method, looking for the suppliers with the extension of the matter - element, selecting the right supplier with the extension evaluating methods, replacing the dissatisfying features with the transformation matter - element method and making it more better

    本文首先對供應鏈管理和戰略合作夥伴關系的國內外研究現狀和發展趨勢進行了研究；其次，對製造商和供應商的戰略合作夥伴關系進行分析，指出了製造商需要對采購物料分類，針對戰略型物料選擇戰略合作夥伴建立戰略合作夥伴關系，闡明了建立戰略合作夥伴關系的特徵及優缺點，並提出了製造商對供應商戰略合作夥伴的具體要求；再次，對目前存在的供應商選擇方法進行了深入的分析和總結，指出了不足之處，並提出了應用可拓理論進行供應商戰略合作夥伴選擇的思路；然後，應用可拓理論建立供應商戰略合作夥伴選擇動態模型，其中，用蘊含系方法建立評價指標體系，用菱形思維建立選擇模型，利用物元的可擴性來尋找待評供應商，用可拓評價進行收斂，並用物元變換對已經選中供應商的不滿意特徵進行變換，使其完善；最後對r企業的供應商戰略合作夥伴選擇進行了本文模型的實證部分，使模型不僅具有理論意義，更具有實踐意義。
  5. The key tasks of this paper mainly include : ( 1 ) puting forward the emphases and difficulties of enterprise m & a decision, and holding that decision - makers should make decision according to the principle of value creation ; ( 2 ) setting up estimation model of value creation in m & a, including synergy effect model, m & a transaction and evaluation model, m & a net income model, etc. ; ( 3 ) explaining the application of virous valuation method and discussing how to choose proper valuation method in m & a decision ; ( 4 ) studying the valuation of synergy effect after calculating the independet value of both enterprises respectively before m & a and the combined enterprise after m & a by discount cash flow method ; ( 5 ) studying the valuation of the target enterprise ' s expected value, in which general target enterprises are valuated with several kinds of valuation techniques while high - tech target enterprises are valuated by option pricing model

    在研究過程中，本文試圖運用價值評估技術，在並購決策中確立一套較為完整的價值分析方法，以使決策者有效的判斷並購能否創造價值，從而作出正確的並購決策。本文的核心工作主要包括： （ 1 ）提出了企業並購決策的重點與難點，認為決策者應根據價值創造原則進行並購決策。 （ 2 ）建立了並購創造價值的估測模型，具體包括協同效應模型、並購交易估價模型和並購凈收益模型。
  6. Research of this paper opens out enclosing the subject that m & as and reconstruction of public companies can help to realize resource collocating of securities market, advance quality of public companies, and promote the optimization of structure and function of stated - owned economy. the paper researches how to change the financial and speculative reconstruction at present to the strategic and material reconstruction aftertime. firstly, the author proves the feasibility of m & as and reconstruction that conduces to advance management efficiency of companies and efficiency of securities market in theory, and emphasizes on some conceptions which have certain differences between westward m & as and reconstruction market and ours

    西方的並購重組理論為我們提供了一定的思考的角度，其中比較有代表性的有效率理論，從管理、經營、財務的協同效應和多元化經營、戰略重組等方面解釋了並購重組對改善企業經營管理的可能性；代理問題理論，把並購重組作為解決企業委託代理問題的一個外部機制，即當由於公司管理層的無效率或代理問題而導致公司經營管理業績不佳的時候，公司就可能面臨著被收購的威脅；信息與信號理論，認為並購重組信息向市場傳遞了有關公司管理、股票價值、資本結構等方面的信息，從而引起公司的市場價值被重新評估，導致股價波動。
  7. The forth section analyses demonstratively the effect of m & a of public company by private company, including m & a ' s benefits and operate benefits. the paper chooses the m & a cases took place in shanghai and shenzhen stock exchange ; adopting cases study method and financial index method. it concludes that some of the m & a react overly and the consistency is n ' t good, the m & a is not successful

    第四部分實證分析民營企業並購上市公司的績效，包括合併收益和經營業績兩方面，選用1998年發生在深、滬兩地股市的民營企業並購上市公司的事件為樣本，採用了事件研究法和財務指標法檢驗合併收益和經營業績的變化，通過研究發現，證券市場對並購事件存在過度反應；並購績效改善的持續性不好，並購整合併不成功。
  8. Buyers ( management ) can get profit from the raising of companies performance and the underestimated prices, avoid hostility acquisition, satisfy the needs of carving out business ; seller ( shareholder ) can reach the purpose of reducing agency cost, incenting and restricting the management, peeling off assets and changing public - owned departments to private departments

    買方管理層可以獲得來自公司經營業績的提高和企業價值被低估的收益，避免被敵意收購，滿足創業的需要；賣方股東可以達到降低代理成本、激勵和約束管理層、剝離資產和公營部門私有化的目的。
  9. It ' s the author ' s belief that this problem can only be addressed using many different methods, each with its specific focus : special staff stocks raised within a company should be allowed to circulate freely with public shares when the company goes on public listing ; dealings of those corporate shares of listed companies in the auction market should be given some freedom for further experiment ; a curb transaction market operating on a combination of command - driven and quotation - driven principles should be established as soon as possible

    拍賣市場中參與者的層次較為豐富，賣方有急於償債或套現的小企業、專門穿梭于異地之間收購法人股的「黃牛」 ；買方有作長期投資的大企業、投資與投機相機決定的二級市場炒家以及投機的個人與個人組合。法人股拍賣市場的形成與發展源於法人股上市預期的加快，而個股拍賣價格的形成則以凈資產值為基礎，與公司經營業績、法人股總量、二級市場股價等密切相關。
  10. The plan is to finger out the laws and rules in favor of the venture capital ' s operation in order as soon as possible, establish the leading fund provided by government, offer governmental credit assurance and stock, reduce the tax to the high - tech enterprise, construct the polarizing investor frame including government, corporation, international investment company, achieve the legalization of private - collecting fund, quicken the course of endowment insurance fund of investment to the venture capital, that can solve the problem of capital shortage, to improve the rule - framework of the investment company, and expect to carry out the limited and partnership company. through the way of theoretics education and practice, introduce into the advanced technology and talent to promote the ability of investment specialist, strengthen the inspection to medi - agency and exploit the operation scope, bring forward a set of high - tech enterprise evaluating system suitable to choose the enterprise invested by the investment company. last, buy by corporation, and - techniqufi - and property right dealing market is the practicable exit channel comparatively

    即盡快制定有利於風險投資規范運作的法規及條例，建立政府導向基金，為高新技術企業提供政府信用擔保、政府采購以及稅收優惠等政策支持；構造由政府、大公司、國際投資公司構成的多元化投資者結構，盡快實現私募基金的合法化，加快社會養老保險基金進入風險投資的進程，以此方式解決資金短缺的問題；在目前有限責任和股份有限機構組織形式的基礎上，改善風險投資機構的法人治理結構，並建議早日實現有限合夥制組織形式；以理論教育結合實踐，引進國外先進技術和人才等方法促進投資專業人才能力的提高；通過加強對中介機構的監管和拓展中介機構風險投資中介服務，促進中介機構的建設，並結合實際提出一套適合於風險投資公司選擇投資項目的高新技術企業評估體系；最後建議以大公司收購和技術產權資本交易的方式作為目前較為可行的風險投資退出渠道。
  11. A hostile takeover is when the target company did not invite or approve an offer to its shareholders

    一種敵對的接收方式就是當目標企業並沒有邀請該企業收購，或目標企業的股東沒有通過決議。
  12. Drawing on the experience of other jurisdictions, she addresses a wide range of enforcement issues, including how to tackle cartels, abuses of dominance, vertical agreements, joint ventures and mergers, the need for a leniency regime and criminal sanctions, and the importance of an independent enforcement agency and the economic expertise of enforcement officials

    她會參照世界各地不同司法地區的經驗，從而討論廣泛的執行問題，包括如何打擊同業聯盟濫用市場支配力量縱向協議企業合併和收購是否需要一套寬松的制度或刑事制裁方法，以及設立一個獨立的執法機構和讓執法人員熟悉經濟運作的重要性。
  13. Example : corporate acquirers can achieve their objectives ? identifying cost savings and synergies ? even across different countries and cultures

    例證：收購方企業能夠達到它們的目標，即實現成本節省和協同效應，即便這需要跨越不同的國家與文化。
  14. The culture of an enterprise affects its every operational aspect. through the in - depth analysis of the historical background of an enterprise ' s culture, combined with the analysis of the conflict between wan ke and hua yuan, two leaders of real estate which contain the distinctrdiflerent culture, and the process they got to integrate into each other ' s culture and organization, i formed the opinion that the m & a between powerful enterprises should put even more emphases on the way and method of culture integration

    企業文化影響著企業運作的各個方面，深入分析目標企業文化形成的歷史背景，分析其與收購方企業的文化融合的可能性，並結合萬科和華遠之間的文化沖突，分析兩個有著鮮明的不同文化的地產業領頭羊，如何在文化整合和組織整合方面進行融合的過程，分析說明了強勢企業之間的兼并重組更應注重企業文化整合的方式和方法。
  15. The client shall offer its business license granted by its registering state, capital credit certificate and all indispensable certificate documentary relating to its purchase in the prc issued by china ' s authority

    三、委託人應向受託人提供該集團注冊國核發的營業執照、資信證明，及中國政府就外方收購中國境內的中方企業所必備的一切證明文件。
  16. There are four parts in this article : the first part is the detailed introduction of the lbo process ; the second part is the summary of various m & a theory and enterprise financing theory ; the third part is a brief discussion on several questions ; and a conclusion is made in the last part. through the detailed lbo plan making, we can get three points : first, during the course of the lbo plan making, the designer should study the fields of m & a carefully so as to equal the benefit of both sides. second, the price decision of lbo is the core of the plan designing

    全文共分為四個部分：第一部分是對杠桿收購方案設計和實施過程的詳細介紹，闡述了杠桿收購過程中涉及的各企業間關系及歷史背景，在收購過程中設計方案時的思路等；第二部分是對企業並購相關理論以及並購中的融資理論進行介紹，主要涉及並購的基本概念、基本理論、杠桿收購理論和操作特點以及企業並購中的融資理論；第三部分是對本次杠桿收購過程中的幾點問題的討論，包括對房地產開發行業特點及開發企業財務特點進行分析，指出房地產開發中土地使用權資源的特殊性;並對本次並購方案在理論指導下的特點進行了剖析並對並購完成後的效果進行了分析:在最後部分還對並購過程中的銀企合作關系建立以及並購風險控製做出了探討。
  17. Expansion and contraction are two kinds of basic ways in enterprise ' s running. with the constant development of the capital market of our country, the merger, one of the mains way to expand fof the enterprise, have already become the effective way of capital operation. more and more enterprises become stronger on the roda of merging, and the merging have already become the keyword of capital market ; however, at the same time, we must see there are so many enterprises are becoming ineffective and also fade away in the capital market, because of excessive expansion. as the opposite of expansion, the contraction ' s important funciton in the running of enterprise is known for western business circles and theory circle earliest, and is applied to practise constantly. howeverjhere are few enterprises realizes its importance in our country at present, though some enterprise perhanps having applied it to the practise negatively

    隨著我國資本市場的不斷發展，作為企業擴張運動的主要方式之一的並購，已經成為我國企業資本運作的有效方式。很多企業在並購的道路上不斷做強、做大， 「並購」已然成為資本市場的關鍵詞；然而，我們也必須清醒的看到，在並購如火如荼的資本市場里，很多企業也因為不斷的擴張沖動導致了企業經營績效的不斷下降、甚至淹沒在資本市場的汪洋大海。企業收縮，作為企業擴張的對立面，在企業經營中的重要作用最早為西方企業界及理論界所認識，並被不斷運用於實踐。
  18. As a foundation layer of eams - erp system of panzhihua new steel & vanadium co., ltd., this subject aims at developing an equipment spare parts management system which incorporates with erp ( enterprise resource planning ) management thinking and concepts introduced throughout equipment chain management methods, and the system provides a full - aspect management and tracking function throughout equipment and spare parts planned declaration, purchase, contract, delivery arrival, enter yard, leave yard, delivery, online spare and off line spare as well as spare discard

    作為攀枝花新鋼釩股份有限公司eams - erp系統的基礎鋪墊，本課題所開發設備備件管理系統吸收了erp （企業資源計劃）的管理思想和理念，引入全設備鏈管理的方法，實現了從設備備件計劃申報、采購、合同、抵站、入庫、出庫、配送、上機、下機等直至最後報廢的鏈式、全方位的跟蹤管理。
  19. After joining wto, on the increase of the scientific and technological strength of our country and with the support from state policies, the development of new high - tech enterprise will be swift and more violent, and its competition is fiercer. this must lead to the fact that merged among enterprises, bankrupt behavior of transactions clearing, the judicial dispute etc, take place even more frequently ; on the other hand, the new high - tech enterprise is the enterprise of " high investment, high risky, high income ", so it must supplement financing on different scales at its different development stages and carry on the effective value management taking value chain as the core, to satisfy the shareholder ' s request of high repayment by creating value as possible as it can

    加入wto后，隨著我國科技力量的增強和國家政策扶持力度的加大，高新技術企業的發展更加迅猛，相互間的競爭也更加激烈，導致企業間的並購、破產清算和司法糾紛等產權交易行為頻繁發生；另一方面，高新技術企業作為「高投入、高風險、高收益」的企業，在其發展的不同階段需要發生不同規模的融資行為，還要對企業進行有效的以價值鏈為核心的價值管理，以最大可能的為企業創造價值。
  20. It encompasses four main parts : the selection of target enterprise, the choice of method of payment, the establishment of the subordinate organization and the option of two accounting methods. according to close connection between theory and practice, this paper cites some examples to reinforce the hypothesis above

    在前兩章理論鋪墊下，本章主要按照並購的程序，針對目標企業的選擇、並購支付方式的選擇、並購后企業組織的設置及並購會計處理方法的選擇四個環節來進行稅收籌劃策略的設計，並結合案例加以論證。
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