The second part deeply studies the reason and effect of Chinese enterprises Cross-broader M&A on the basis of precursory studies, and points out it is quite necessary and very dangerous.

• 第二部分在前人研究的基础上深入研究中国企业跨国购并的动因与效应,指出中国企业跨国购并是极其必要的却又蕴藏着巨大的风险;