摘要
高新技术企业主要指研制、开发、生产、销售高新技术产品或者大规模运用高
新技术的企业。作为现阶段我国大力发展的产业,高新技术企业在我国社会主义市
场经济建设中的地位越来越明显,作为高投资、高风险、高收益的企业,高新技术
企业可以通过资产并购与重组来实现资源的优化配置,有助于高新技术快速发展,
提升竞争力。

作为我国社会主义市场经济发展的重要现象,更是我国经济结构调整的重要途
径,我国高新技术企业的资产并购与重组并不是一帆风顺,也不是所有高新技术企
业资产并购与重组都实现了企业利益的增长。据不完全统计,在我国高新技术企业
资产并购与重组活动中,有近一半的资产并购行为证明是失败的。我国高新技术企
业资产并购重组过程也存在很多问题。

在当前我国社会主义市场经济高速发展的情况下,探索高新技术企业资产并购
重组是很有必要的,有利于我国高新技术企业资产并购重组起到推动和警示作用,
提高企业效率,实现资源的最优化配置。

本文从资产并购重组的理论基础出发,站在高新技术企业发展的角度,论述了
我国高新技术企业资产并购与重组的一些重要问题,主要是高新技术企业资产并购
重组的概念、高新技术企业资产并购重组是优化企业资源的有效手段、我国高新技
术企业资产并购重组中存在问题、如何发展和规范我国高新技术企业资产并购与重
组。提出应该大力发展资本市场,完善资本市场体系、明确资产并购重组主体、完
善对企业资产并购重组中资产评估、企业资产并购后有效整合、加强政策法规建设、
减少政府对企业资产并购重组的行政干预、注意规避资产并购重组的风险等角度规
范发展我国高新技术企业资产并购重组的对策。本文的研究对投资当今高新技术企
业的投资者具有一定指导意义,也能够促进我国高新技术企业的并购重组,为我国
社会主义市场经济发展做出贡献。

关键词:高新技术企业;并购重组;资本市场;价值评估
Abstract
High-tech enterprise mainly refers to those who research, develop, produce and
distribute high-tech products or apply to it in large-scale. As the industry that China is
vigorously developing, its position in socialism construction is becoming increasingly
obvious, as enterprise with high investment, high risk and high-profit, it can achieve
optimal allocation of resources by asset merger and acquisition, which is helpful for
high-tech to get quick development and enhance competition.
As the important phenomenon of market economic development of Chinese
socialism, it is more one important way for adjustment of economic adjustment,asset
merger and acquisition for high-tech enterprises in China is not so smooth, not all of
them has achieved interest growth for enterprises. According to incomplete statistics,
there are nearly half of the assets of merger and acquisition behavior is failed in the
activity of it for high-tech enterprises. It has many problems in the process of asset
merger and acquisition, it is very necessary to explore it under the condition of socialism
market economy develops at high speed, it is favorable for it to effect promotion and
warn function, increase enterprise efficiency and achieve final and optimal allocation of
resources.
This thesis starts from the theoretical basis of asset merger and acquisition,
illustrates some important problems of asset acquisitions and reorganization of the
high-tech enterprises in China, they are mainly the concept of asset merger and
acquisition of high-tech enterprises, it is the effective measure to optimize enterprise
resources, the problems existed in asset merger and acquisition of it, how to develop and
standardize it. It proposes that we should start from aspects of vigorously developing
capital market and improve system of capital market, making clear its subject, improving
effective integration after asset evaluation and asset combination of asset merger and
acquisition of enterprises,strengthening construction of the policies and regulations,
reducing administrative intervention for asset merger and acquisition by government,
paying attention to avoiding risks of asset merger and acquisition etc to standardize, and
develop measures for asset merger and acquisition of high-tech enterprises. The study of
this thesis has certain instructive meanings for high-tech enterprises in nowadays, it can
also promote merger and acquisition of high-tech enterprises and make contributions to
development of China's socialist market economy.
Key Words: high-tech enterprise; merger and acquisition; capital market; value
evaluation