The Study Of Financial Risk Management In The Enterprise M&A Process

In21st century, according to the development of China’s macro-economy and the improvement of the capital market, Mergers and acquisitions activity increasingly becomes an important ways to seek the rapid expansion and increase the competitive power of enterprises. As a special kind of investment, every transaction involving several huge gold, itself also facing high risk. But we always ignore the existence of financial risk, can’t manage them effectively, which induces low success rate in M&A.Inspecting financial risk not only depends the result of M&A, but also the sources. From the corporate finance’s perspective, financial risk of M&A should be throughout the process, caused by the uncertain factors to the possibility of crisis or trouble. Reviewed the related research at home and abroad and from the theory and practice, people will stand in more and more wide angle to deal with the financial risk in the M&A process. Therefore, in view of the present situation of ours, to carry out the entire proceeding financial risk management with sequence and consistency will have the very strong guidance meaning and practical function.Combining theory and examples, this paper was carried out orderly according to the sequence of propose and analyze and solve problems. Firstly it proposed the definition of M&A financial risk, thinking that the target enterprise value appraisal risk, financing and payment risk, subsequent integration risk are the primary types in the process, which contact and restrain each other. And then expounded the M&A financial risk’s performances, causes and management measures in the three stages. In the light of the limitations of existing research results, this article try to build more suitable evaluation method for the goal of enterprise and raised a synergy value of M&A model——Back Propagation Network; combining with the newly issued regulations, it gave the innovation in exploration of financing and payment, encouraging M&A loans and stock exchange M&A; pay attention to the follow-up integration,established that the financial risk will be divided into two kinds to fight.And each separate phase combines of case, to validate adaptability of Management measures.Study on the financial risk in M&A process, can guide the enterprise effectively identify and control financial risk in practice, and more successfully complete targets.In order to remain invincible in the big financial picture,when our enterprises are facing the challenge of economic change.