企业购并的情境主义分析

本文运用情境主义的重要概念——主导逻辑来分析购并,得出了三个重要结论。首先,本文认为这是由于某些外部环境因素大幅度、潜在地改变某些行业的机会与威胁结构,推动支持购并的主导逻辑在行业内扩散,从而造成购并在某些行业内集中出现;第二,由于主导逻辑的历史稳定性,企业选择目标企业的标准也相对比较稳定,因此企业会在一段时间内选择类似的目标;第三,管理传统、先前的购并经验有助于擅长购并的企业将整合过程模式化。

The Contextist Analysis for Enterprise M&As.

The paper applies domain logic which is the main concetp ofcontextlism to analyse merger, and three conclusion are derived. First, thepaper think specific domain logic supporting merger prevails in the industries,under the potentially dramatical changs of construct of opportunities andthreatens induced by some external circumstance factors, and the expansionlead to intensive mergers in some specific industries. Second, taget-choosingstandard remain relatively stable because of historical endurance of domainlogic, then for some time, the mergerer will prefer similar targets. Third,administrational heritage and prior merger experiences helps to fomalizepost-merger integration process into specific modes.