The Research Of Risk And Precaution Measure Of Enterprise Merger And Acquisition

In 2005, M&A market bursts out the huge enthusiasm in china. The every trades all filled the air of the M&A. the power of the globalization is guiding and pushing the globalization progress of the Chinese business enterprise, which lead to a great deal of Chinese business enterprise to Carry on policy of the multinational M&A.M&A especially multinational M&A have already become Chinese enterprise's important measure to extend the production scale, acquire advanced technique and resource. By the M&A, the business enterprise can get the cooperation effect and scale economy effect;can get the specialized property;raise the market share;carry on diversified management and lower the investment risk. But M&A is not all-powerful, it also has own bug, also existing a great deal of risk. Taking a comprehensive view of recent M&A of the business enterprise in china, the successful M&A cases is not many, some good business enterprise of ex- performance on the contrary because of M&A to endanger the own existence and the own development. In addition to reason of our country basic state of the nation, the main reason still lies in the business enterprise that is engaged in M&A activity deficiently estimate the risk of the M&A, the leader of the business enterprise usually came in sight of the huge benefits that the M&A bring the business enterprise, but the risk that did not see or neglect.After consulted a great deal of literature and collections of the related data, this thesis adopted the method of qualitative analysis and quantitative analysis, roundly looked back the historical development process of the global M&A and Chinese M&A. briefly analyzed reason to bring the M&A risk. On this foundation, this thesis analyses various risk that possibly existed in the M&A process, because of currently our country of business enterprise more and more incline toward the multinational M&A, this thesis analyses risk of multinational M&A also. At last, this thesis specially discussed the precaution and policy of M&A risk.The research emphases of this thesis lie in:(1) This thesis introduces misty comprehensive evaluation to comprehensive evaluate various risk of M&A.(2) This thesis introduces AHP to choose the aim of M&A. The innovation of the thesis lies in:(1) This thesis discusses the reason of M&A risk from the angle of the risk conducts.(2) This thesis makes qualitative and quantitative analysis to some case collected.(3) This thesis discusses the precaution and policy of M&A from two aspects to qualitative and quantitative analysis.