并購失敗的原因【外文翻譯】

1、本科畢業(yè)論文（設(shè)計(jì)）外文翻譯原文：原文：ReasonsffailureinmergersacquisitionsMergersacquisitionshavebeenusedasatoolffacilitatingcpateexternalexpansionsthroughthecontrolofsharesassetsinanothercompanybyconsolidatingresourcesoperationstogainful

2、leffectivecontrolofthemarketundertakejointstrategicopptunitieshedgingagainstbusinessrisk.Theacquiringcompanyperfmsacapitalbudgetinganalysistoensurethatitwillearntherequiredrateofreturnbeyondthatspecialconsiderationsflega

3、ltaxaccountingfinancialissuesarebroughtintoperspectivewhendeterminingvaluethatwillbeadded.MergersacquisitionsareanintegralpartofSouthAfricancpatelifeitisthereferelevantfustoanalyzethereasonsffailureinM&Ashowtosettheterms

4、fasuccessfulmergeracquisition.Asthesametimeaspartofduediligencehowthesetermsgetwronglyappliedmisjudgedintheeventofabusinessdealcomingtofailure.Insummarymergersacquisitionsareprimarilyaimedatfacilitatingcpateexpansionsall

5、owfmarketdominancebusinessriskdiversification.Mergersacquisitionsaremotivatedbythedesiretoacquiremeopptunitiesthattheacquiringcompanydoesnotpossessinfullinpartthroughdirectindirectparticipationintheacquiredbusiness.Failu

6、reattributabletoanyoftheopptunitiesdrivingthebusinessacquisitiondecisioncanresultinaninvestmentbecomingnonviablefailingtorealizeexpectedsynergiesfmaximizingpostacquisitionreturns.Reasonsfmergersacquisitionsarethefollowin

7、g:Operatingeconomiesmanagerialskillstaxconsiderationsassessedlossesuseofexcessliquidityinvestmentdecisions.Reasonsleadingtosynergiesinamergeracquisitiondealcanbeoverstatedwiththeintenttocomeupwithanattractivevaluefthedea

8、ltorenderagoodimpressiontofacilitatethedealtogoaheadwithoutanadequatefeasibilitystudyontheachievementofcitedreasonsfmergeracquisition.Theoverstatingnonconsiderationofallreasonsthatshouldbeconsideredfevaluationaspartofdue

9、diligencehasledtofailureofmergedacquiredenterprises.Insomecasesmergersacquisitionsareembarkeduponfsolepurposesoftaxconsiderations.Wheretheacquiringcompanycansetoutgoodeconomicreasonsfthemergerthesetoffoffutureincomeofthe

10、targetcompanyagainsttheassessedlossofthemergerpartnerwillbeallowed.ThegearingeffectofthepostM&Adealcanleadtothefailureofcompaniesduetotheinherenthighfinancialriskpomanagementofliquidity.Fexamplethemergedcompanymayresulti

11、nimprovedcreditratingthanbefewhencompanieswereoperatingasseparateentities.Themergedcompanymaydecidetomakefulluseofitsimprovedcreditratingoncapitalprojectswithfeasibilityofearningpositivereturns.Mergersacquisitionsaresome

12、timesdecidedonfirmswantingtotakeanopptunityonfulluseoftechnologicalresourcesskillsofanothertargetentity.Technologychangesrapidlynewadvancedtechnologyoutperfmstheoldversion.Differenttechnologiescandifferentiatequalityofpr

13、oductsservicesimmediatelydivertconsumerfocusperceptionontheproduct.FirmsdecidetomergeongroundsofusingthetechnologicalexpertiseresourcesofTargetCompany.Intheeventoftechnologyadvancingintheshttermtheexpectedbenefitsoutofth

14、istechnologybasecollapsetheinvestmentfthemergerbecomeswthlessasmecostlycapitalwillberequiredfreinvestmenttomakethenewbusinessremaincompetitive.TherearedazzlingvarietiesofreasonsleadingtoM&A.Theirprojectedevaluatedoutcome