国有企业的并购是当务之急,但是目前国有企业并购中存在着许多障碍。一是体制障碍,国有经济体制是一种具有层次代理人的并且具有极强的行政性的代理制,这些代理人虽然都不是最终的所有者,但实际上都可以对国有企业并购起到决定性的作用。二是“内部人”障碍,这是指企业的经理阶层和职工如果觉得他们的利益受损或没有保障,自然会行使否决权。三是非经济因素障碍,指企业并购中可能出现的政府行政干 The merger and acquisition of state-owned enterprises is a top priority, but there are many obstacles in the merger and acquisition of state-owned enterprises. First, institutional barriers, the state-owned economic system is a hierarchical agency and has a very strong administrative agency system, although these agents are not the ultimate owner, but in fact can be decisive for the M & A of state-owned enterprises Role. Second, the “insider” obstacle, which means that managers and employees of enterprises feel that their interests are damaged or unprotected and will naturally exercise the veto power. Third, non-economic barriers, refers to the government mergers and acquisitions may occur in government administration