以美国为主的西方发达国家经历了五次兼并浪潮,这五次兼并浪潮具有不同的特征,在全面分析了我国企业兼并活动历程基础上,从国际比较角度,研究认为我国目前的兼并活动总体上处于西方第一次兼并浪潮阶段,以实现规模经济和效率化经营为兼并的主要目的,同时具有很强的转轨经济特征。
The developed countries have witnessed five M&A waves with different characteristics. After an analysis on M&A activities in China, it is believed that, from an international point of view, M&A in China with the apparent transfer-economy character is on the period of the first M&A wave, which is to realize scale economy and efficiency.