运筹学学报 >
2018 , Vol. 22 >Issue 1: 42 - 54
DOI: https://doi.org/10.15960/j.cnki.issn.1007-6093.2018.01.003
考虑非期望规模收益的创新型企业并购决策
收稿日期: 2017-01-20
网络出版日期: 2018-03-15
基金资助
国家自然科学基金 (No.71371053), 2017 年福建省中青年教师教育科研项目 (科技类) (No. JAT170635), 福建省社科规划项目 (No. FJ2016B087)
A merger and acquisition decision of innovative enterprises based on the undesirable return to scale
Received date: 2017-01-20
Online published: 2018-03-15
张晓明, 王应明, 施海柳 . 考虑非期望规模收益的创新型企业并购决策[J]. 运筹学学报, 2018 , 22(1) : 42 -54 . DOI: 10.15960/j.cnki.issn.1007-6093.2018.01.003
For innovative enterprises, sustainable innovation is the key to obtain and maintain competitive advantage. However, after ten years of construction and evelopment of innovative enterprises in China, some enterprises have shown the situation that they can weaken the ability of sustainable innovation, and even can not maintain innovation. According to the existing foundation of innovation and the need for their sustainable development of innovative enterprises, this paper expounds the significance of the merger and acquisition (M & A) as an important way to realize the sustainable innovation. At the same time, a method of M & A decision is proposed, which takes into account the return to scale (RTS) of undesirable output. Firstly, a Generalized Data Envelopment Analysis (GDEA) model and a WY-DEA model with undesirable output are established, which are based on the judgment method of scale income which is limited to the desirable output. Secondly, the Generalized DEA model is used to determine whether the RTS of the weak WY-DEA effective M{\&}A schemes are constant, increasing, decreasing or crowded. Then on the basis of the elimination of the congestion plan, the cross efficiency model is used to select the optimal purchasing party. Finally, a numerical example is given to illustrate the feasibility and advantage of the method.
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