Conglomerate 发表评论(0) 编辑词条

“集团”是指从事不同性质经济活动的公司或者企业。企业集团通过收购、兼并以及（或者）投资于不同性质的产业实现集团化。集团化有多种原因，如实现风险最小化，获得更多的财务和管理资源以及更有效的进行资源配置等。尽管经济学家们并没有达成完全一致的意见，但是关于集团化对竞争政策的影响方面的关注提高了。集团化公司通过低利润的相互补贴和内部公司间买卖相互优惠方式驱逐竞争对手。越来越多的证据表明，集团化不一定就有高利润，许多集团化公司最近正着手放弃多样化业务，集中管理运营较少的业务种类。

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英语原文如下：

A firm or business enterprise having different economic activities in different unrelated industries. Conglomerate firms may emerge through mergers and acquisitions and/or investments across a diverse range of industries for a variety of reasons such as minimization of risk, increased access to financial and management resources, and more efficient allocation of resources. Competition policy concerns have been raised, although without universal agreement among economists, that conglomerates facilitate anticompetitive practices through cross-subsidization of less profitable activities aimed at driving out competition and
reciprocal arrangements with other conglomerates in the purchase and sale of inputs-outputs. There is increasing evidence that conglomerates are not necessarily more profitable and many conglomerate firms have in recent times been divesting different activities and focusing their operations on fewer lines of business.