企业财务合并的价值分析与政策含义●刘云中企业合并是盘活存量资产、产权流动和资源有效配置的重要形式，有利于调整产业结构、产品结构和企业结构。有人从竞争优势转移和经营者私利等方面分析了企业合并的动机和行为（梁国勇，１９９７），从企业财务管理的角度，可将企... Value Analysis and Policy Implications of Enterprise Financial Merger ● Liu Yunzhong Merger of enterprises is an important form of activating the inventory of assets, property rights and the effective allocation of resources, which helps to adjust the industrial structure, product structure and enterprise structure. Some people have analyzed the motivation and behavior of business mergers (Liang Guoyong, 1997) from the aspects of the transfer of competitive advantages and the self-interest of operators, etc., from the perspective of enterprise financial management.