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標題: 企業成長策略與長期經營績效分析 - 以美國某工具機廠商為例
Corporate growth strategy and long-term performance analysis -A case study of a U.S. machine tool company
作者: 王聖惠
Wang, Sheng-Hui
關鍵字: 併購;M&A;工具機產業;綜效;股價;synergy;machine tool industrial;synergy;stock price
出版社: 高階經理人碩士在職專班
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This study is to discuss what would be a better strategy for enterprises’ long-term growth, continuous and advanced development. In view of the global economic and industrial rapid and dramatic fluctuation, leading corporations or multinational enterprises are seeking alternate and variable corporate strategies to grow, in which, most visible strategy is to merge and acquisition (M&A). The study focuses in the machine tools industry to understand what their performances are presented through the capital market indices and financial statement ratios. Two US based machine tools companies that implemented different corporate strategies are studied to investigate what the performances are presented based on variant strategies. One enterprise (i.e., Hardinge) adopted merger and acquisition (M&A) strategy, the other (i.e., Hurco) selected inward resource to grow. Furthermore, this study is to dig out more how the impacts are in different functions throughout integration post to M&A. Finally, this study concludes a probable better growth strategy for a machine tool company, and brings out Hardinge’s long-term performance pictures post to implementation of each significant M&A strategy.
其他識別: U0005-0508201318084200
Appears in Collections:高階經理人碩士在職專班

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