跨国公司跨境并购与绿地投资的比较分析

随着经济全球化的加速,并购已经成为跨国公司海外投资的主要形式,其投资总额已远远超过“绿地投资”。跨境并购和绿地投资均对受资国经济有所影响,在短期内,跨国公司以绿地投资或并购形式进入受资国对其经济所带来的影响存在差别,但最终的影响由受资国特定的环境所决定。并购和绿地投资都将在一定程度上给受资国经济带来溢出效应和示范作用。当然,并购也会给受资国经济带来潜在的风险,因此,受资国完善外资立法,构建国内企业并购规制体系将成为必然选择。

A Comparison of Cross-border M&A and Greenfield Investment

Cross-border mergers and acquisitions(M&A) have become the chief mode for transnational companies' oversea investment,far surpassing their Greenfield Investment.Both M&A and Greenfield Investment affect the economy of the country that receives the investment.Although in a short period their influences on economy are different,the ultimate effect is decided by the specific environment of the country invested.M&A and Greenfield Investment will exemplify and have the overflowing effect,but they will also bring with them potential risks.Therefore the receiving country must improve its legislation of foreign investment and establish its domestic M&A system.