基于AHP的锦江酒店跨国并购卢浮集团投资价值评价研究
Research on the Evaluation of Investment Value in Jinjiang Hotel’s Cross-Border Mergers and Acquisitions of Louvre Group Based on AHP
摘要: 在经济全球化的背景下,跨国并购已成为中国企业实现全球化布局的有效路径,被广大企业所青睐,酒店企业也通过这种方式迅速成长。但这并不是一种简单的购买行为,其中存在着很多需要重视的细节。本文介绍了锦江酒店跨国并购卢浮集团的背景、动因及过程,构建了投资评价的层次分析模型(AHP),综合评估并购的战略协同、财务收益与风险控制能力。从而给出了优化策略,为跨国酒店并购投资决策提供参考。
Abstract: Under the background of economic globalization, cross-border mergers and acquisitions have become an effective way for Chinese enterprises to achieve global layout and are favored by a large number of enterprises. Hotel enterprises have also grown rapidly through this way. But this is not a simple purchasing behavior; there are many details that need to be taken seriously. This paper introduces the background, motivation and process of Jinjiang Hotel’s cross-border acquisition of Louvre Group, constructs the Analytic Hierarchy Process (AHP) model for investment evaluation, and comprehensively assesses the strategic synergy, financial returns and risk control capabilities of the acquisition. Thus, the optimization strategy is given, providing a reference for the investment decisions of cross-border hotel mergers and acquisitions.
文章引用:李阳, 李想. 基于AHP的锦江酒店跨国并购卢浮集团投资价值评价研究[J]. 社会科学前沿, 2025, 14(7): 277-284. https://doi.org/10.12677/ass.2025.147612

参考文献

[1] Ahern, K.R. (2012) Bargaining Power and Industry Dependence in Mergers. Journal of Financial Economics, 103, 530-550. [Google Scholar] [CrossRef
[2] Hurr, H. and Lee, J. (2004) Do Shareholders Benefit from Merger and Acquisition in U.S Hotel, Restaurant, and Travel Industry? International Journal of Tourism Sciences, 4, 77-97. [Google Scholar] [CrossRef
[3] Blaszak, M.W. (2015) Is there Still an Urge to Merge. Trains, 2015, 32-36.
[4] 陈传兴, 徐颖. 跨国并购企业财务风险及其应对策略[J]. 国际经济合作, 2014(11): 70-74.
[5] 刘运国, 李思琪, 刘洋. 我国酒店业海外并购动因与效果研究: 以锦江股份并购卢浮酒店为例[J]. 财会通讯, 2018(34): 3-9+129.
[6] 张清华. 中国酒店行业海外投资状况、问题与对策[J]. 对外经贸实务, 2019(12): 78-81.
[7] Pratt, S.P. (2008) Valuing A Business. The Mc Graw-Hill Companies, Inc., 43.
[8] DePamphilis, D.M. (2012) A Primer on Merger and Acquisition Cash-Flow Valuation. In: DePamphilis, D.M., Ed., Mergers, Acquisitions, and Other Restructuring Activities, Elsevier, 235-281. [Google Scholar] [CrossRef
[9] 刘垠, 范钛. 科创板企业投资价值的智能预测研究——基于财务绩效视角的分析[J]. 价格理论与实践, 2020(6): 109-112.
[10] 史广峰, 张玉静. 首旅酒店并购如家酒店的财务风险防范研究[J]. 经济论坛, 2024(8): 76-85.
[11] 杨浥, 杜靖川, 彭红, 等. 酒店集团跨国并购绩效研究: 协同与整合[J]. 财务与金融, 2022(5): 22-29.
[12] 伍进, 周箫. 旅游企业跨国并购风险防范案例探讨[J]. 商业经济, 2020(3): 72-74.
[13] 赵郝梅. 锦江股份并购卢浮集团与铂涛集团的财务风险比较研究[D]: [硕士学位论文]. 上海: 东华大学, 2021.
[14] 候宇虹. 万达集团并购美国AMC的动因及绩效研究[D]: [硕士学位论文]. 兰州: 兰州财经大学, 2019.