Risk Analysis And Prevention Strategy Of Transnational Merger And Acquisition Of Chinese Petroleum Enterprises

With the development of economic globalization, the economic exchanges between enterprises all over the world are increasingly frequent, cross-border mergers and acquisitions, as a new force, suddenly rises. China as a rapidly economic developing country of huge resource consumption power, oil demand is very large.China is at a crucial stage of industrialization and urbanization, the future oil demand will be high for a long time, the situation of that oil demand is less than the supply in short term is difficult to improve. China as the end consumers, often suffer unfair treatment, "China premium" have occurred. Moreover, if China’s oil companies want to move the world top, they must be participate in the global competition. Therefore,the way "go out" in petroleum enterprise has become the effective way to improve their competitiveness and national sustainable development. Oil companies, however,not everything is going smoothly, mergers and acquisitions of various risk control and prevention hardly succeed. Based on the research of oil enterprise transnational merger and acquisition risk factors identification, analysis and evaluation, this article aimed at provide oil companies with a set of scientific and reasonable risk evaluation idea and evaluation tool of m&a, to guide the development of science and technology enterprise strategic management practice.Firstly, draws on the present research situation of domestic and foreign and the theory of cross-border m&a risk, provide the theory guide of the risk of identify,evaluate and prevent in cross-border m&a for Chinese oil enterprises. Secondly using grade Hierarchical Holographic Modeling(HHM), from multiple directions,established an HHM framework of risk identification, more systematic and comprehensive identification of the oil the cross-border m&a risk of the enterprise,and on the basis of risk evaluation index system construction principles, combined with case analysis, questionnaire method and other construction of petroleum enterprises, established the risk evaluation index system for transnational merger and acquisition. At the same time, the grey system theory is introduced into the petroleum enterprise transnational merger and acquisition risk evaluation, combined with Topsis method to build the comprehensive evaluation model of cross-border m&a risk forpetroleum enterprise. And for the analysis of the typical case of transnational m&a,through the analysis and calculation of the risk, demonstrates the reliability and effectiveness of grey correlation Topsis model. Finally, on the basis of the above risk identification and risk measurement content, put forward preventive measures against various possible risks, make it has strong practical guiding significance.