澄清并购动机是深入探讨并购领域中其他财务问题的前提。例如 ,并购方式的选择以及目标企业并购价值的确定 ,均与并购动机密切相关。国内学者大都认为 ,并购 ,就是为了获取“１ +１＞２”的协同效应 ,或者为了分散风险而进行多角化经营等等。但在西方国家 ,人们对并购动机的争 To clarify the motivation for M & A is a prerequisite for further discussions on other financial issues in the M & A field. For example, the choice of M & A method and the determination of M & A value of target companies are closely related to motivation of M & A. Most domestic scholars believe that mergers and acquisitions, is to obtain “1 +1> 2” synergies, or to diversify the diversification of risk management and so on. However, in Western countries, people struggle for the motivation of mergers and acquisitions