论我国上市公司并购财务风险——以阿里巴巴并购高德地图为例.docxVIP

PAGE PAGE 14 PAGE 12 PAGE 1 论我国上市公司并购财务风险——以阿里巴巴并购高德地图为例 【摘要】 随着我国企业的不断发展壮大，企业并购活动逐渐增多。对于企业来说，在经济市场上进行企业并购，有时不仅能够为企业的发展带来好处，也有可能会产生很多的问题。因此，这是一项风险和利润共存的经济活动。在整个并购过程中，企业需要做好并购之前评估目标企业、解决和支付并购所需的资金以及整合并购后的财务三步。本文以阿里巴巴并购高德地图为案例对上述的问题展开详细的分析，找出各环节中存在的风险以及成因，并提出解决的策略。希望本研究结论能够对国内上市公司的并购活动具有一定的参考价值。 【关键词】上市公司 并购 财务风险 风险防范 Brief analysis on the financial risks of Chinese listed companies ma -- taking the gaode map of alibabas ma as an example 【Abstract】With the continuous development and growth of Chinese enterprises, merger and acquisition activities are increasing gradually.For enterprises, mergers and acquisitions in the economic market sometimes can not only bring benefits to the development of enterprises, but also may cause many problems.It is therefore an economic activity in which risk and profit coexist.In the whole process of merger and acquisition, the enterprise needs to do a good job in evaluating the target enterprise before merger and acquisition, solving and paying the capital needed for merger and acquisition and integrating the financial three steps after merger and acquisition.This paper takes the case of alibabas acquisition of gaode map to carry out a detailed analysis of the above problems, find out the existing risks and causes in each link, and propose solutions.It is hoped that the conclusion of this study can provide some reference value for the ma activities of domestic listed companies. 【Key Words】Listed company Merger financial risk risk-prevention 目 录 TOC \o 2-3 \h \z \t 标题 1,1 一、引言 1 （一）选题背景 1 （二）选题的意义 1 （三）文献综述 1 （四）研究思路及方法 2 二、上市公司并购财务风险的概述 3 （一）并购动因的概述 3 （二）并购财务风险的定义 3 （三）并购财务风险的类型 3 1.定价风险 3 2.融资风险 3 3.支付风险 3 4.财务整合风险 4 三、案例背景介绍 4 （一）并购双方公司的概况 4 1.阿里巴巴网络技术有限公司简介 4 2.高德有限公司简介 4 （二）阿里巴巴并购高德软件的过程 5 1.阿里巴巴通过现金支付方式收购高德软件部分股权 5 2.阿里巴巴对高德企业重新估值 5 3.阿里巴巴收购高德企业剩余股权 5 （三）阿里巴巴并购高德软件的动因分析 5 1.产生并购协同效应 5 3.扩大市场份额 6 4.降低流量获取成本 6 四、阿里巴巴并购高德软件财务风险分析 7 （一）