论文部分内容阅读
本文从杠杆收购在美国的起源入手,首先分析了杠杆收购的基本原理及特点,结合具体的案例,说明杠杆收购所需的融资及其他条件。并根据我国杠杆收购的现状,阐述了杠杆收购在国内发展的可行性,同时指出杠杆收购在我国应用时存在的问题。提出了杠杆收购在我国企业并购活动中有一定的适用性,也面临一定的问题,但是只要我国进一步完善法律和金融环境,规范操作过程,杠杆收购会成为我国企业并购的一种重要模式。
This paper begins with the origin of leveraged buyout in the United States, first analyzes the basic principles and characteristics of leveraged buyouts, and combines specific cases to illustrate the financing and other conditions required for leveraged buyouts. According to the status quo of China’s leveraged buyouts, the feasibility of the development of leveraged buyouts in China is described. At the same time, it points out the problems existing in the application of leveraged buyouts in China. The proposed leveraged buyout has certain applicability in China’s M&A activities and also faces certain problems. However, as long as China further perfects the legal and financial environment and standardizes the operational process, leveraged buyouts will become an important model for M&As in China.