A Study Of The Industrial Mode And Spatial Distribution Of International M&A

With transnational Corporations (TNCs) aggravation of competition, International Mergers & Acquisitions (M&A) have already exceeded newly-built investment, and become the main way of the foreign direct investment (FDI), and is playing a more and more important role in the world. International M&A is all over all parts of the world, FDI that is not merely controlling the developed country flows, and begin to become the main way of FDI enters the market of developing country too. Since the middle period of 1990s, the rising International M&A' tide again had a inestimable impact on international economy, International M&A merger have invariably left the footprint in all industries. After joining WTO, because of economic internationalizing in an all-round way, China is facing the enormous impact of International M&A . It is all closely linked with International M&A how to widen the funds channel to participate in socialist modernization of China and how to implement "Go-Out" policy to strengthen Chinese enterprises' competitiveness at the world market. And recognizing correctly the characteristic, trend and regulation of International M&A are primary and the key of solving these problems theoretically. For this reason, the author has carried deeply on probing into the mode of International M&A from two respects of the industry and space mainly, attempt to open the mysterious veil of International M&A, expect to judge international economy's new structure and trend, and try to solve correctly the realistic problem faced by China.The full paper is totally divided into six chapters. Chapter one is a part of the introduction, it introduce the background of choosing the thesis, the meaning, the related research, the main contents and the thesis frame. Chapter two introduces the concept, main types and paying ways of International M&A. Chapter three simply describes the historical track, lately characters and the developing situation, think that International M&A will completely recover and may attain a new high peak after the temporarily low tide. Chapter four introduces three typical models, distribution structure and evolution trend in detail from the industry angle, analyses the industry distribution of International M&A, and suggests that International M&A have the obvious epoch characteristics. Chapter five expounds the main space modes and the spacedistribution situation of International M&A, and conclude that International M&A have the distinct spacial characters. Chapter six introduces the industrial and special distribution and the main modes of International M&A in China at first, and puts forward some countermeasures;and then recommends that the choice of the industry and space when Chinese enterprises have overseas M&A, and analayses the obstacles and brings forward some corresponding countermeasures.