我国上市公司并购的财务分析_毕设论文.doc

PAGE  PAGE 16 我国上市公司并购的财务分析 【摘要】在我国现代企业改革中，上市公司并购对于消灭亏损、调整不合理的股权结构、统筹企业的长远发展、实现合理避税等具有很大的作用。但要确保并购顺利进行，采取分析是必须的。上市公司并购的财务分析，包括并购前、并购中和并购后整个过程的分析。在这些过程中，对目标公司的估价、财务状况、支付方式、融资渠道、风险及规避等都是要认真分析的。本文拟就对我国上市公司并购的财务分析进行探索，并就存在问题提出对策建议。 【关键词】上市公司；并购；财务分析 Merger and acquisition of Chinese listed companies financial analysis [Abstract] in the reform of Chinas modern enterprise, mergers and acquisitions of listed companies to eliminate deficit, adjust the unreasonable ownership structure, plan as a whole the long-term development of enterprises, to achieve a reasonable tax avoidance has great role. But make sure that M a smoothly, take analysis is a must. Mergers and acquisitions of listed companies financial analysis, including mergers and acquisitions, mergers and acquisitions and mergers and acquisitions before after the whole process analysis. In the process, the target companys valuation, financial status, payment, financing, risk and evasion are careful analysis. This paper on Chinas listed company M a financial analysis to explore, and the existing problems puts forward some countermeasures and suggestions. [Key words] listed company; mergers and acquisitions; financial analysis 目 录  TOC \o 1-3 \h \z \u  HYPERLINK \l _Toc322220933 1 我国上市公司并购的内涵概述  PAGEREF _Toc322220933 \h 2  HYPERLINK \l _Toc322220934 2 我国上市公司并购前的财务分析  PAGEREF _Toc322220934 \h 3  HYPERLINK \l _Toc322220935 2.1 目标公司的估价  PAGEREF _Toc322220935 \h 3  HYPERLINK \l _Toc322220936 2.2 目标公司的财务状况分析  PAGEREF _Toc322220936 \h 4  HYPERLINK \l _Toc322220937 3 我国上市公司并购中的财务分析  PAGEREF _Toc322220937 \h 6  HYPERLINK \l _Toc322220938 3.1 上市公司并购的支付方式的财务分析  PAGEREF _Toc322220938 \h 6  HYPERLINK \l _Toc322220939 3.1.1 现金支付方式  PAGEREF _Toc322220939 \h 6  HYPERLINK \l _Toc322220940 3.1.2 股票支付方式  PAGEREF _Toc322220940 \h 6  HYPERLINK \l _Toc322220941 3.1.3 混合证券支付方式  PAGEREF _Toc322220941 \h 6  HYPERLINK \l _Toc322220942 3.1.4 卖方融资支付  PAGEREF _Toc322220942 \h