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完整後設資料紀錄
DC 欄位 | 值 | 語言 |
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dc.contributor.advisor | 湯明哲(Ming-Je Tang) | |
dc.contributor.author | Pu-Chun Liu | en |
dc.contributor.author | 劉蒲駿 | zh_TW |
dc.date.accessioned | 2021-06-07T23:43:24Z | - |
dc.date.copyright | 2014-07-29 | |
dc.date.issued | 2014 | |
dc.date.submitted | 2014-07-18 | |
dc.identifier.citation | 【中文】:
1 朱敬一、毛慶生、林全、許松根、陳添枝、陳思寬、黃朝熙,2012。經濟學,台北:華泰文化。 2 林建平,2004。台灣金融產業融資購併之個案分析。 3 陳育淋,2006。私募權益與創業投資基金之生命週期研究。 4 湯明哲,2011。策略精論:進階篇,台北:旗標出版社。 5 楊子江,2006。私募股權與創業投資,中央銀行季刊第29卷第2期。 6 潘家涓,2006。私募併購基金之操作模式與對市場之影響。 7 謝劍平,2013。財務管理:新觀念與本土化,台北:智勝文化。 【英文】: 1 Beatty, C.A, 1994. Wanted: The Perfect Tiny Acquisition, Business Quarterly, 51-59. 2 Brealey, R.A., Myers, S.C., 2002. Principles of Corporate Finance, 7th Edition. McGraw-Hill, Boston, MA. 3 Bygrave , W. D. and Timmons , J. A., 1992. Venture capital at the Crossroads. Boston: Harvard Business School Press. 4 Carlyle, 2013. Annual Report 2013. 5 Dealogic, 2014. Global M&A Review Full Year 2013. 6 Gaughan , G. J., 2011. Mergers, Acquisitions, and Corporate Restructurings (5th Edition). New Jersey: Wiley. 7 KPMG , 2013. Private Equity survey 2013. 8 Lambrecht, B., 2004. The timing and terms of mergers motivated by economies of scale. Journal of Financial Economics 72, 41–62. 9 Liu , Junrong and Wen, Zhongfa, 2010. An Empirical Study on the Correlation between Business Cycle and M&A. 10 Moeller, S.B. and F.P. Schlingemann and R.M. Stulz, 2005. Wealth Destruction on a Massive Scale A Study of Acquiring-Firm Returns in the Recent Merger Wave, The Journal of Finance, 2, 757-781. 11 Nakamura, R.H., 2004. To Merge and Acquire when the Times are Good? The Influence of Macro Factors on the Japanese M&A pattern. Working paper No. 197 The Ueropean Institute of japanese Studies Stockholm. 12 Reed, S. and A. Lajoux, 2007. The Art of M&A: A Merger Acquisition Buyout Guide (4th Edition). New York: McGraw-Hill. 13 Roll, Richard, 1986. The Hubris Hypothesis of Corporate Takeovers, Journal of Business, 59, 127-216. 14 Shleifer, A., Vishny, R. W., 2003. Stock market driven acquisitions, Journal of Financial Economics, 70, 295-311 15 Stigler, P. A., 1983. The Organization of Industry. Chicago: University of Chicago Press. 16 Thaler, R. H., 1988. The Winner's Curse, Journal of Economic Perspectives, 2, No. 1, pp. 191-202. 【網站】: 1 經濟部商業司 http://gcis.nat.gov.tw/main/subclassNewAction.do?method=getFile&pk=126 2 瑞士信貸避險基金指數與S&P 500,1993-2013年績效http://www.businessinsider.com/hedge-funds-and-sp-500-nearly-identical-2013-8 3 The Wall Street Journal, 2013. Taiwan's Proposed New Rules Seen Making M&A Easier. http://ppt.cc/6H~R | |
dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/16676 | - |
dc.description.abstract | 2004年後全球興起所謂第六波併購浪潮,主角為私募股權基金。台灣在如此環境下,亦接連產生多宗投資併購交易案。為探索此現象及其原因和影響,本文選取了凱雷集團,分別採用業者本身及投資標的兩種不同角度,企圖解釋私募股權基金在台灣之併購策略。研究發現,不同產業經營模式的差異使得研究個案對象產生不同併購策略。凱雷集團透過其專業研究團隊、良好政商關係與危機入市的操作,三種策略方針來進行台灣併購投資案;並對不同目標產業進行公司經營權的投資轉換。本文最後亦針對私募選擇產業因素、私募經營模式、私募產業爭議三項議題進行探討。 | zh_TW |
dc.description.abstract | The Private Equity Fund industry leads a boom of investments as a major player in the sixth merger waves since 2004. Under such circumstances, multiple merger and acquisition cases took place in Taiwan. To explore the impacts and driving forces behind this phenomenon, this thesis selects one influential private equity company, namely, The Carlyle Group, to explain acquisition strategy from both PE fund itself and corporate firm perspectives independently. The results show that, different acquisition strategies result from distinct targeted industries and business models. The Carlyle Group takes advantage of their professional research teams, excellent relationships among political connections and right timing, namely, make acquisitions when markets are down and transfer their ownership frequently. This article also discuss three private equity issue in the last, including their industry choices, business models and major controversy. | en |
dc.description.provenance | Made available in DSpace on 2021-06-07T23:43:24Z (GMT). No. of bitstreams: 1 ntu-103-R01724085-1.pdf: 1051756 bytes, checksum: 32f4c76ceccd4275c85cba5aeb2c4034 (MD5) Previous issue date: 2014 | en |
dc.description.tableofcontents | 第一章、緒論........................................................ 1
第一節、研究動機................................................ 1 第二節、研究目的................................................ 3 第三節、研究範圍................................................ 4 第四節、研究方法................................................ 5 第五節、研究流程與架構.......................................... 6 第二章、文獻探討....................................................7 第一節、名詞定義................................................7 第二節、併購浪潮...............................................12 第三節、動機理論...............................................15 第三章、私募股權基金發展現況.......................................23 第一節、緣起與定義.............................................23 第二節、類型...................................................29 第三節、操作模式...............................................37 第四節、標的篩選...............................................44 第五節、台灣私募案例...........................................49 第四章、個案與分析.................................................53 第一節、凱雷集團...............................................53 第二節、議題探討...............................................64 第五章、結論.......................................................67 第一節、研究結論...............................................67 第二節、研究限制與建議.........................................68 參考文獻...........................................................69 | |
dc.language.iso | zh-TW | |
dc.title | 私募股權基金在台併購之策略研究 | zh_TW |
dc.title | Acquisitions Strategy of Private Equity Funds in Taiwan | en |
dc.type | Thesis | |
dc.date.schoolyear | 102-2 | |
dc.description.degree | 碩士 | |
dc.contributor.oralexamcommittee | 吳學良(Hsueh-Liang Wu),王之彥(Jr-Yan Wang) | |
dc.subject.keyword | 私募股權基金,併購浪潮,動機理論,凱雷集團, | zh_TW |
dc.subject.keyword | Private Equity Fund,Merger & Acquisition,Merger Waves,Motivation Theory,The Carlyle Group, | en |
dc.relation.page | 70 | |
dc.rights.note | 未授權 | |
dc.date.accepted | 2014-07-18 | |
dc.contributor.author-college | 管理學院 | zh_TW |
dc.contributor.author-dept | 國際企業學研究所 | zh_TW |
顯示於系所單位: | 國際企業學系 |
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