企业并购财务风险控制培训课程.docVIP

 企业并购财务风险控制研究 -----以联想并购IBM PC业务为例 、 摘 要 并购是企业扩大市场占有额、提高竞争能力和经济效益的有效途径，并购在给企业带来收益的同时也伴随很高的风险。并购风险是客观存在的，但又是可以识别的。如何控制这些风险，增加并购成功的概率，几乎成为每个参与并购的企业共同关注的问题。所以，研究并购财务风险的控制策略对企业的成功并购具有重大的现实意义。 论文结合中国企业并购的状况，阐述了企业并购财务风险控制的基本理论，明确企业并购财务风险控制对象为：目标企业价值评估风险、融资风险及支付风险，在分析各种风险产生原因的基础上，就目标企业价值评估风险、融资风险和支付风险的控制进行了探讨。最后结合联想并购IBM PC的案例，分析联想并购IBM PC业务的过程中存在的并购财务风险及其实施的风险控制。 关键词 ：企业并购 风险 财务风险 财务风险控制 Research on financial risk control of enterprise merger and acquisition - to Lenovos acquisition of IBMs PC business as an example Major:Accounting Student: Zhi cheng Hu Instructor: Jian ru Zhang Abstract Enterprise merger is to expand market share, improve the competitive ability and the efficient way of economic benefits, M A in while the enterprise brings profit with high risk. Merger and acquisition risk is objective existence, but can be identified. How to control these risks, increase the probability of successful merger, become almost each participating enterprise issues of common concern. Therefore, research on financial risk control strategy to the success of the enterprise merger and acquisition is of great realistic significance. Based on the Chinese enterprise merger and acquisition condition, elaborated the enterprise financial risk control on the basic theory, make clear enterprise financial risk control for the: The valuation of target enterprise risk, financing risk and the risk of payment, in the analysis of the various causes of risks on the basis of it, the valuation of target enterprise risk, financing risk and liquidity risk control are discussed. Finally, Lenovos acquisition of IBM PC case, analysis of Lenovos acquisition of IBM PC business process in the presence of financial risk and the risk control. Keywords：Enterprise merger and acquisition Risk Financial risk Financial risk control 目 录 1.绪论 6 1.1选题的背景 6 1.2 研究的意义 7 1.3国内外研究文献综述 7 1.4本文的框架与内容 10 2.企业并购财务风险控制相关理论 12 2.1企业并购 12 2.2企业并购财务风险