“一带一路”倡议下海外跨境并购中支付方式的建模分析

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“一带一路”倡议布局下,跨境并购成为我国企业走出去的一种重要方式.我国企业在并购中支付方式和手段选择较单一,通常采用现金支付方式,这会为主并购方带来不利的影响和结果.同时采用多种支付方式和手段的混合支付方式可以很好地克服这种不利的结果,混合支付中现金支付和股票支付在支付总对价各自应该占多大的比例和份额,在并购实践中困扰着企业.文章建立模型,分析混合支付方式中现金支付与股票支付各自所占的最优份额,能够为企业海外跨境并购交易中支付方式的选择提供可操作性较强的一种选择.
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