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https://nccur.lib.nccu.edu.tw/handle/140.119/124149
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| Title: | 環球晶圓併購SunEdison之個案研究
A case study on Globalwafers and SunEdison |
| Authors: | 鄒鞬隆
ZOU, JIAN-LONG |
| Contributors: | 林士貴
陳宇紳
鄒鞬隆
ZOU, JIAN-LONG |
| Keywords: | 企業併購
投資銀行
財務顧問
融資
M&A
Investment Bank
Financial advisor
Financing |
| Date: | 2019 |
| Issue Date: | 2019-07-01 10:49:15 (UTC+8) |
| Abstract: | 此併購案採用特別的融資方式，冀望以此個案實際探討投資銀行對於企業併購的協助，包含交易架構設計、融資安排及後續的綜效取得，都是投資銀行財務顧問業務的相關內容。本文著重於融資方面的財務規劃探討，採用質化研究方法，主要以企業併購的理論為主，包含交易特性、支付工具的選擇、企業評價、市場反應以及綜效分析。由於環球晶圓的企業規模較被併公司小，且跨國間的併購不僅有企業文化上的差異，亦具備了國家文化上的差異，皆使得併購後的整合會較為困難，最後本文認為，此次併購案的成功不僅是企業的經驗，財務顧問的協助也是相當重要。
This paper is mainly discussing the assistance of investment banks in special financing M&A cases, including transaction structure design, financing arrangements and subsequent synergies, the contents of which are related to the financial advisory business of investment banks. Based on the theory of M&A, including transaction characteristics, payment method, business valuation, market response and synergy. This paper uses qualitative methods to explore financial planning for financing. The difficulty of post-merger integration increases in this case since the scale of Globalwafers is smaller than SunEdison, and the cross-border M&A case has both corporate culture and national cultural differences. Finally, this paper holds that the success of this M&A case is not only the experience of the enterprise, financial advisers also play a very important role. |
| Reference: | 一、中文文獻
王郁晴（2011）。財務策略如何帶來併購之雙贏? 以元太科技併購E Ink之個案為例。國立交通大學財務金融研究所碩士論文
羋大涵（2014）。企業併購個案研究與績效分析：以聯發科併購晨星為例。國立政治大學金融研究所碩士論文
林曉琪（2016）。非合意併購之個案研究_以日月光併購矽品為例。國立交通大學管理學院財務金融學程碩士論文
黃媺晴（2018）。有線電視產業併購個案之研究 – 以台灣數位光訊科技集團併購東森電視為例。國立雲林科技大學企業管理系碩士論文
陳鼎超（2012）。併購教學個案研究-以群創奇美電併購案為例。國立政治大學財務管理研究所碩士論文
謝劍平（2018）。現代投資銀行（第五版）。台北市：智勝文化事業有限公司
二、英文文獻
Aktas, N., De Bodt, E., & Roll, R. (2013). Learning from repetitive acquisitions: Evidence from the time between deals. Journal of Financial Economics, 108(1), 99-117.
Francis, B. B., Hasan, I., & Sun, X. (2014). The certification role of financial advisors in cross-border M&As. International Review of Financial Analysis, 32, 143-158.
Gomes, E., Angwin, D. N., Weber, Y., & Tarba, S. (2013). Critical success factors through the mergers and acquisitions process: revealing pre‐and post‐M&A connections for improved performance. Thunderbird International Business Review, 55(1), 13-35.
Karampatsas, N., Petmezas, D., & Travlos, N. G. (2014). Credit ratings and the choice of payment method in mergers and acquisitions. Journal of Corporate Finance, 25, 474-493.
Martin, K. J. (1996). The method of payment in corporate acquisitions, investment opportunities, and management ownership. The Journal of finance, 51(4), 1227-1246.
Vermaelen, T., & Xu, M. (2014). Acquisition finance and market timing. Journal of Corporate Finance, 25, 73-91. |
| Description: | 碩士
國立政治大學
金融學系
1063520211 |
| Source URI: | http://thesis.lib.nccu.edu.tw/record/#G1063520211 |
| Data Type: | thesis |
| DOI: | 10.6814/NCCU201900025 |
| Appears in Collections: | [金融學系] 學位論文
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