基于公司并购的美国反垄断政策变迁及其启示

发布时间：2018-02-01 19:32

本文关键词： 公司并购反托拉斯法合并指南市场集中度　出处：《商业研究》2013年07期 　论文类型：期刊论文

【摘要】：在过去的五次公司并购浪潮中,美国政府奉行的反垄断政策经历了由宽渐严、再由严渐宽的变迁过程。第三次浪潮之前的渐严变化是出于反对大企业垄断、保护国内市场自由竞争的考虑,第四次浪潮后的渐宽变化则更多地考虑经济全球化趋势下维护本国企业在全球的竞争地位。政策的变迁反映出美国政府"国家利益至上"的一贯立场。发达国家貌似公平的竞争规则往往给经济地位不同的国家造成不公平的后果。因此,在经济全球化的背景下,中国基于企业兼并的反垄断立法及司法原则,应致力于在促进市场公平竞争的基础上努力维护国家的经济安全和民族产业在国际经济中的地位。
[Abstract]:In the past five waves of mergers and acquisitions, the antitrust policy pursued by the United States government has experienced a process of change from broadness to strictness, and then from strict to lenient. The third wave of progressive change is due to the opposition to the monopoly of large enterprises. Considerations for the protection of free competition in the domestic market. The widening changes after the 4th wave are more concerned with maintaining the competitive position of domestic enterprises in the world under the trend of economic globalization. The change of policy reflects the "national interest first" of the US government. Developed countries' seemingly fair competition rules tend to have unfair consequences for countries with different economic status. Under the background of economic globalization, China's anti-monopoly legislation and judicial principles are based on the merger of enterprises. We should strive to maintain the national economic security and the position of national industry in the international economy on the basis of promoting fair competition in the market.
【作者单位】：厦门国家会计学院;
【分类号】：D971.2;DD912.29
【正文快照】： 历史上的五次企业并购浪潮,前四次主要在美国,第五次才真正波及全球。尽管大多数兼并后的企业被证明未能实现预期的各种协同效应,并且来自反垄断的司法压力不断加强,但是各次浪潮发生的并购个案和交易金额却一浪高过一浪。在美国,企业并购的现象一发生就引起了反垄断当局的关

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