财务协同效应

第三章通过合作博弈模型分析企业集团内分层财权配置的最优状态，追求利益相关者的财务协同效应。

Chapter III makes analysis of the optimal state of the hierarchical property configuration in enterprise group through the cooperative game model , seeking financial synergy of all the stakeholders .

企业并购中财务协同效应的确认和计量

The Recognizing and Measurement of Financial Synergy Effects during Corporation Acquisition

企业并购财务协同效应问题研究

The Financial Synergy Effect Study on MAs of Enterprises

我国房地产行业并购的财务协同效应分析

Analysis of Co-buying of Chinese Estate Industry

并购中的财务协同效应

Financial Synergy in Merger and Acquisition

我国房地产业上市公司并购财务协同效应的实证分析

The Empirical Analysis of Chinese Listed Real Estate Companies ' Financial Synergy in M & A

结果表明，无论兼并是出自财务协同效应还是战略协同效应，都和知识外溢密切相关。

The result shows that the strong relationship with knowledge spillover despite of the financial effects or strategic effects .

较系统的分析了企业并购的效应：首先是协同效应，它包括管理协同效应、经营协同效应和财务协同效应，其次是市场份额效应，最后是战略转移效应。

They are management synergy , operating synergy , financial synergy , market share effect and strategy transfer effect .

最后通过对兼并后企业管理和整合工作的详细介绍，使兼并后企业通过兼并实现规模经济效应、经营和财务协同效应等。

Finally , the detailed introduction on enterprise management and conformity after merging , the postmerger firms can achieve economics of scale effects , operating and financial synergy effects etc.

财务协同效应的理解不同，造成了实践中对并购中财务协同效应评估的失真，同时也造成了许多失败的并购。

Financial synergies understanding different , caused the practice of the acquisition of the distortion of the financial synergy effect evaluation , but also caused many failed mergers and acquisitions .

一般认为，银行并购可以产生规模经济效应，范围经济效应，管理协同效应，财务协同效应等正面的经济效益。

It is believed that the banking M & A can bring economies scale and scope economic effects , management and financial synergy effects , and other positive economic benefits .

其次分析国内外研究成果，在总结前人研究文献基础上，介绍了与企业并购重组中财务协同效应相关的理论知识。

Secondly analysis and summarizing the study achievements at home and abroad based on the former research literatures , this paper introduces and enterprise merger & reorganization financial synergy effect in related theory knowledge .

第三部分，企业并购中的协同效应，首先对协同效应的概念进行了界定，重点研究了管理协同效应、经营协同效应、财务协同效应，技术协同效应、文化协同效应和品牌协同效应等内容。

Firstly , the concept of synergy effect was defined . The common synergy effect research study management synergy effect , operation synergy effect , finance synergy effect , technology synergy effect , culture synergy effect and brand synergy effect etc.

然后从管理协同效应理论、范围经济理论、财务协同效应理论、多样化经营理论、价值低估理论、交易费用理论、经理扩张理论、企业竞争战略理论等角度分别论述了企业混合并购的理论基础；

In the second place , the chapter discussed its academic foundation from manage-cooperation effect theory , scope economy theory , finance cooperation effect theory , verification management theory , value underestimation theory , transactional cost theory , manager expanding theory and company competition strategy theory ;

但是，由于并购中涉及到大量的不确定因素，对于协同效应的全面分析，特别是对财务协同效应和财务风险规避的分析成为公司财务及其战略管理中需要特别关注的问题。

However , because of involved a large number of uncertain factors while merging multianalysis of the cooperative effect , especially the analysis on the financial synergy and financial risk become the problem needing paying more close attention to in company 's financial affairs and strategic management .

因此，要提升企业集团财务协同治理效应，首先要着力提高企业财务资源协同能力，其次增加企业财务利益协同能力，再次改善企业财务战略协同能力。

Therefore , in order to improve enterprise financial synergy effect , we must first focus on improving enterprise financial resource cooperative ability , then increase the enterprise financial interest coordination ability , improve enterprise financial strategy cooperative ability .