研討日期

2012年12月22日10:30 ~ 12:00

研討地點

台大社會科學院6教室

討論題目

題目

作者

文獻出處

Emerging by Acquisition Emerging by Acquisition

in the Global Market

Lex Zhao

Working paper

報告人

趙來勳

參加人員

趙來勳、黃鴻、林燕淑、吳芝文、彭正浩、陳金盛、林晏如、丁虹仁、鍾暳陵、涂光億、黃品錚、許至乙、施姵全

摘要

l   Good firms in developing countries can successfully convince global consumers of their quality by international acquisition and bank borrowing, while bad firms cannot;

l   The main mechanisms are branding synergy and efficiency synergy;

l   The acquirer from a poor country can be less efficient than

    the acquired;

l   Branding synergy benefits high-quality firms more;

l   Such acquisitions help overcome information barriers, benefit consumers, the acquirer and the acquired;

l   Bank can design mechanism to exclude low type even without knowing the firm’s true type, as long as type-specific profits can be calculated.