|
Finance 2020
践行“走出去”战略对中国交建绩效的影响
|
Abstract:
随着全球经济一体化的深入,世界各国和地区之间的经济活动越来越密切。2013年,习主席提出了“一带一路”合作倡议,为中国企业“走出去”开放国际市场提供了政治支持和战略方向。作为中国国民支柱产业的建筑业近年来面临着利润率下降,产能过剩以及随着国内市场饱和而无法持续发展等挑战。基于以上背景,越来越多的建筑上市公司正在向国际市场发展。那么国际化经营可以改善公司绩效吗?基于此,在对相关文献进行系统分析的基础上,本文以中国交建为例,根据其2012~2019年财务报告分析“走出去”战略对公司绩效的影响,希望能为同行业其他企业提供实施国际化战略的借鉴经验。
With the deepening of global economic integration, the economic activities between countries and regions in the world are getting closer and closer. In 2013, President Xi put forward the One Belt and One Road cooperation initiative to provide political support and strategic direction for Chinese enterprises to “go global” and open up the international market. The construction industry, the mainstay of China’s economy, has been challenged in recent years by falling profit margins, overca-pacity and unsustainable growth as the domestic market becomes saturated. Based on the above background, more and more listed construction companies are developing into the international market. Can international operations improve corporate performance? Based on this, on the basis of system analysis, the related literature was carried out. Taking China Communications Construction Corporation as an example, this paper analyzes the impact of “going global” strategy on corporate performance based on its 2012-2019 financial report, hoping to provide reference experience for other enterprises in the same industry to implement internationalization strategy.
[1] | 杨永胜, 欧阳鸿. 中国建筑企业的国际化实践与探索[J]. 中国市场, 2014(41): 66-72. |
[2] | 汪玚. 夯实中国企业“走出去”足迹“一带一路”沿线上的中国工程[J]. 交通建设与管理, 2015(7): 36-45. |
[3] | Lin, P., et al. (2020) Em-pirical Study of Factors Influencing Performance of Chinese Enterprises in Overseas Mergers and Acquisitions in Con-text of Belt and Road Initiative—A Perspective Based on Political Connections. Emerging Markets Finance and Trade, 56, 1564-1580. https://doi.org/10.1080/1540496X.2019.1676226 |
[4] | 张旭. 中国交通建设股份有限公司提升国际竞争力研究[D]: [硕士学位论文]. 北京: 北京交通大学, 2015. |
[5] | 汪耀, 彭大鹏, 安澄昊. 中国交建铁路“走出去”工作分析与探讨[J]. 国际工程与劳务, 2020(2): 54-55. |
[6] | 夏桂香. 基于价值管理实践下的财务战略转型——以中国交建为例[J]. 商业会计, 2018(24): 89-90. |
[7] | 李天宝. “一带一路”背景下我国建筑业上市企业国际化程度与企业绩效关系研究[D]: [硕士学位论文]. 合肥: 安徽建筑大学, 2020. |
[8] | 王嫣. “一带一路”背景下中国基建企业国际化发展研究[D]: [硕士学位论文]. 北京: 对外经济贸易大学, 2017. |