公司并购中政府行为规范问题探析

摘要

It is not rare that government controlling conducts without standardization occur during corporate mergers and acquisi-tions, such as self-interest motivation; unclear responsibility; multi-goals and excessive controlling. It will possibly lead to the interest loss of the company and shareholders, lowing down the effects of the corporate mergers and acquisitions and interfering with the market operation. Therefore; it is necessary to regulate the government’s conducts in the aspects of government locating, government functions, relationship between government and enterprise and incentive and constraint mechanism.%　　公司并购中屡有不规范的政府干预行为，如自利动机、职能不清、多元化目标和过度干预，有可能侵犯公司和股东利益、降低并购绩效甚至妨碍并购的市场化运作。规范政府行为需要在政府定位、政府职能、政企关系和激励与约束机制等方面做出进一步努力。