實地查核程序在企業併購之重要性分析

An Analysis of the Importance of the Due Diligence Process in Business Merger and Acquisition

黃秀禎(Shiu-chen Huang)

指導教授 ： 林婷鈴

國立臺北大學/商學院/企業管理學系/碩士(2008年)

摘要

論文題目：實地查核程序在企業併購之重要性分析
論文頁數：65頁
所　組　別：企業管理學系碩士班　　　(學號：79579910)
研　究　生：黃秀禎　　　　　　指導教授：　林婷鈴 　
論文提要內容：
本研究目的在於瞭解企業在併購過程中所實施之實地查核程序內容，探討實地查核程序內容及結果對於企業併購案之影響。
本研究除探討有關企業併購之文獻理論，討論企業併購之策略目的與動機外，並利用個案研究的方法探討實務上企業在進行併購時所進行之實地查核核程序之實施程序與內容，具體分析企業併購過程中實地查核之內容，針對查核之程序與內容為具體說明，再就實地查核結果進行討論。
本研究發現企業在併購過程中，透過對實施實地查核程序所得之查核結果之翔實分析，該實地查核之結果將影響企業對下列併購議題之決策：
（1）併購意願、（2）併購方式、（3）併購價格、（4）併購時程、（5）關鍵人才留任計畫、（6）併購後之整合計畫。
關鍵字：併購、合併、收購、實地查核

關鍵字

併購、合併、收購、實地查核

並列摘要

An Analysis of the Importance of the Due Diligence Process in Business Merger and Acquisition
by
Huang, Shiu-Chen
June 2008
ADVISOR(S): Dr. Lin, Ting-Ling
DEPARTMENT: DEPARTMENT OF BUSINESS ADMINISTRATION
MAJOR: BUSINESS ADMINISTRATION
DEGREE: MASTER OF BUSINESS ADMINISTRATION

The objective of the present study is to investigate the effect of the results of the due diligence process has on a merger and acquisition matter through an understanding and analysis of the content of the due diligence process conducted in the course of a business merger and acquisition.
In addition to investigating the literature and theories relating to business merger and acquisition and discussing the strategic objectives and motives of a business merger and acquisition, the present study also investigates the procedure and content of the due diligence process that is, in practice, conducted in the course of a business merger and acquisition.
The present study discovers that the results of the due diligence process in a due diligence report, upon being analyzed accurately and in details by an enterprise, has a material effect on the enterprise’s decision as to whether it shall proceed with the merger and acquisition matter, the merger and acquisition method, the merger and acquisition price, the merger and acquisition schedule, and even the consolidation arrangements after the merger and acquisition.

並列關鍵字

Merger and acquisition, merger, acquisition, due diligence

參考文獻

12. 林博文、陳怡之、龔慈霙(2003)，「策略聯盟傾向、技術研發與企業無形資產之蓄積」，台灣管理學刊，第3卷，第1期，頁59-72。

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2. Anderson, U., Johanson J., and Vahlne J. E. (1997), “Organic acquisitions in the internationalization process of the business firm,” Management International Review, Special Issue (2), pp.67-84.

3. Birkinshaw, J., Bresman, H., and Hakanson, L. (2000), “Managing the post-acquisition integration process: how the human integration and task integration processes interact to foster value creation,” Journal of Management Studies, 37(3), pp.395-425.

4. Brouthers, K. D., Hastenburg, P. V. and Joran, V. D. (1998), “If most mergersfail why are they so popular?” Long Range Planning, 31(3), pp.347-3543.