以下为句子列表：
英文: Focusing on the horizontal merger and vertical integration, this paper reviews the theoretic models of the motive and social welfare of enterprise mergers, and presents some proposal about the future direction of the research.
中文: 摘要从水平兼并和垂直兼并两个方面详细论述了企业兼并的动机及其社会福利理论模型研究发展状况，并对未来的研究方向提出了若干建议。
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