并购后的内部控制优化研究 ——以快手并购AcFun为例.docxVIP

摘 要 近几年的互联网以及移动互联网的迅速升级换代，从而催生了一大批互联网企业，互联网企业的爆发式崛起，使得市场迅速饱和，但是互联网企业依旧在不断增长。规模较大、资金充足的企业为了保住和扩大市场分额，新兴创业企业或者较小的企业为了挤出生存空间，于是掀起了互联网企业并购的潮流。虽然企业并购可以发挥协同效应，有利于促进双方的发展，提升双方的综合实力；但是，互联网企业的过快发展，导致法律、自身管理模式等很多外部、内部条件跟不上发展的步伐，由于前后的不对称性，使得互联网企业并购后优化内部控制的难度相比传统企业要大的多。因此，互联网企业必须以更科学合理的方式对并购后的内部控制进行优化，才能保障并购的顺利进行并且达到并购预期带来的收益。 本文先通过理论分析企业内部控制的框架体系，再基于内部控制理论框架体系分析互联网企业内部控制的现状和成因；再通过案例研究，选取新兴互联网企业中的短视频类企业——快手和弹幕视频类企业——AcFun为例子，分析它们并购前期内部控制的现状，归纳出并购后内部控制存在的问题采取的优化措施，最后达到优化内部控制的效果。 关键词：互联网企业，内部控制，快手，AcFun Abstract The rapid upgrading of the Internet and mobile Internet in recent years has spawned a large number of Internet enterprises. The explosive rise of Internet enterprises has rapidly saturated the market, but Internet enterprises are still growing. In order to maintain and expand market share of larger and well-funded enterprises, and to squeeze out living space for emerging start-ups or smaller enterprises, the trend of Internet enterprise mergers and acquisitions has been set off. Although enterprise merger and acquisition can play a synergistic effect, which is conducive to promoting the development of both sides and enhancing their comprehensive strength. However, due to the rapid development of Internet enterprises, many external and internal conditions, such as laws and their own management modes, cannot keep pace with the pace of development. Due to the asymmetry before and after the merger, it is much more difficult for Internet enterprises to optimize their internal control than traditional enterprises. Therefore, Internet enterprises must optimize the internal control after merger and acquisition in a more scientific and reasonable way, so as to ensure the smooth progress of merger and acquisition and achieve the expected benefits of merger and acquisition. This paper first analyzes the framework system of enterprise internal control through theory, and then analyzes the current situation and causes of Internet enterprise internal control based on the theoretical fr