Countermeasures. Multinational Mergers And Acquisitions And State-owned Enterprises In China

On research of global combination, I starts my research of the combination motive and mode as the following aspects. Firstly, the analysis is made about the cause of the combination motive and mode from the angle of propulsive force. These theories focus on the analysis of the combination motive and mode of global corporations. The leading theories are Synergetic, Cost transaction, Risk distribution, Value underestimation, etc. For a long time, the theory of global combination from the angle of propulsive force is always in a leading position. Secondly, the research is carried out on the cause of the combination motive and mode from the angle of attractive force. These theories state that the advantage the hosts have will have an attraction to the global investment on the basis of which the analysis is done about the combination motive and mode. These theories are Regional superiority, Global production cycle, etc. Now, the research of global combination at home and abroad focuses on the interpretation to its motive and mode while in practice, there are not many theories on global combination mode and access to success.Though global combination has both positive and negative effect on our economic development, it will continue that the state-owned enterprises join the global combination. It's new trend of global combination that the host regional factors are considered as orientation of value. The hosts have an advantage to introduce the global investment meanwhile the global corporations will take the host's market, cost, etc. into general considerations before they make a decision. Accordingly, the research of global combination from the angle of attractive force is of momentous current significance to help our state-owned enterprises join the global combination. Our state-owned enterprises being in poor position, the government and state-owned enterprises have to learn how to take their own advantage and how compete in the global combination.The thesis is to search for the global combination mode and its access to success from the angle of attractive force. The thesis states that there are three ways of global combinations, namely, market-seeking, factors-seeking and general factors-seeking. The global corporations have different combination modes form the state-owned enterprises. The global corporations focus on the market-seeking and factors-seeking while thestate-owned enterprises focus on fund-seeking and technology-seeking. The global corporations do their global combination by adopting various modes while the state-owned enterprises manage to carry out their combination by exchanging market and resource with technology and capital.The thesis is composed of five sections apart from abstract. The first is about global combination motive and mode. I made an analysis of three modes of global combination from the angle of attractive force to lay foundations for the global combination. The second states that global corporations choose different combination modes from the state-owned enterprises do. I also made a detailed analysis of the importance and feasibility of exchanging market and resource with technology. The third states that through the analysis of global corporations combining the enterprises in Qingdao, I searched for various means for the corporations to carry out their combination modes for the reference to the state-owned enterprises. The fourth states that from the view of the authority, I studied the authority's regulations and approach to joining the global combination and offered some effective and specific measures for the authority to support and join the combination in terms of macro-economic environment perfection, research on global combination and guide to the state-owned enterprises. The fifth states that from the view of the state-owned enterprises, I offered the measures and obstacles they would have in order to join the global combination.