企业并购财务风险的成因及防范措施(国外英文资料).docVIP

企业并购财务风险的成因及防范措施 Merger and acquisition (M A) is a kind of enterprise behavior under the condition of market economy, and it is also a way to realize enterprise expansion The effective approach is to optimize the allocation of enterprise resources means, mergers and acquisitions have a profound economic motivation Driving force. This paper analyzes the causes of the financial risks of mergers and acquisitions, and puts forward some suggestions on the causes of the financial risks Measures should be taken so as to make the M A activities possible. Keywords mergers and acquisitions; financial risks; causes; measures; M A is a risky activity, whether the enterprise is in the preparatory stage or at the same time The purchase operation phase, or the post merger management phase, will be accompanied by a large number of uncertainties, these inaccuracies Qualitative factors may bring huge financial risks to mergers and acquisitions. 1, the cause of financial risk of mergers and acquisitions 1.1, mergers and acquisitions information asymmetry brings value evaluation risk M A among enterprises is a complex and important business activity. enterprise Before M A, it is necessary to investigate the target enterprise and fully understand the information of the target enterprise It will have a profound impact on the choice of target companies or the valuation of M a enterprises. Setting goals After the enterprise, the two sides focus on how to determine the value of the target enterprise, as the basis for the establishment of M A prices The target size of enterprise value evaluation is the focus of M a negotiation, and it is the key reason for the success of M A Su. The target enterprise valuation is decided by the acquisition enterprise to the target enterprise future income size and the time anticipation, The expected return of the target enterprise depends on the quality of the information used by the acquisition enterprise. And the quality of information is mainly