企业并购财务风险分析.docxVIP

PAGE 18 摘要 随着市场经济全球化的发展趋势，企业间的竞争日趋激烈，在此行业背景作用下，越来越多的企业参与并购。合并和收购使企业能够实现协同作用和规模经济，以此来提高市场竞争力，开展多元化经营,降低金融风险；它还能让企业进行合理的避税。然而，作为高风险商业活动,企业合并和收购面临许多风险，特别是金融风险,不可避免的会发生，主要原因是机构体制不完善，合并和收购企业之间和信息不对称，财务是企业提高竞争力和扩大规模的重要因素，它在企业并购活动中起着不可或缺的作用。金融活动囊括整个合并和收购的过程，因此企业应考虑到与这些交易有关的金融风险，并作出适当的预防措施。本文首先提出了并购活动中财务风险的概念及相关理论；第二，将并购活动中面临的财务风险分为四个不同的类别：评估所涉企业的价值风险、金融风险、支付风险和整合风险；最后，对企业合并和收购的金融风险进行了研究，并对潜在的金融风险和预防的重要性进行了研究，从而成功地实现了企业合并和收购。再联合案例剖析，对理论分析进行实践剖析，为我国企业并购提供一定的借鉴和参考。 关键词：企业并购 财务风险 财务风险控制 An Analysis of the Financial risk of merger and acquisition of Enterprises Abstract With the development trend of market economy globalization, the competition among enterprises is becoming more and more fierce, under the action of this industry background, more and more enterprises participate in M A; a. Through M A, enterprises can gain synergies and economies of scale to increase market share, diversify operations, reduce investment risks, and also enable enterprises to conduct reasonable tax avoidance. However, due to the imperfect system, asymmetric information and other factors, M A, as a special high-risk business activity, is bound to face certain risks, especially financial risks. Finance is an important part of enterprises to improve their competitiveness and scale, and it plays an important role in Enterprise M amp; a activities. Financial activities encompass the entire process of mergers and acquisitions, so enterprises should take into account the financial risks associated with these transactions and take appropriate preventive measures. This paper firstly clarifies the concept and related theory of M A financial risk, and then divides the financial risk into four different risk types: target enterprise value assessment risk, financing risk, payment risk and integration risk. Finally, taking the financial risk of M A as the research object, through the study of the possible financial risk and the significance of prevention in M A, this paper puts forward the preventive