Research On The Financial Risk Of Mergers And Acquisitions Of Landing Holiding Merger Of Gaosheng Technology

With the development of economic regionalization and globalization and more and more market competition pressure,enterprises' operation pressure gradually increase.Merger and acquisition is an effective way to improve the competitiveness of enterprises.In order to avoid being eliminated by the market,many companies take the way of mergers and acquisitions to increase market share.As a basic industry,the textile industry is also facing a market downturn and the crisis of the main advantage reducing.Many enterprises carry out "going out" strategy and join the competition in Internet in order to seek out of predicament,realize the strategic transfer and enhance the competitiveness of the market.However,opportunities and risks are often accompanied.Because textile enterprises may not have an adequate understanding of its risk and control,mergers and acquisitions have a low success rate and there are many serious problems after merge.The improper treatment in the process of merge can cause the loss of acquirer and the acquired.There are a variety of potential risks in the process of merge and financial risk is one of the most important risks.Should textile enterprises merge or not? It is obvious that how to prevent and control the financial risk of merge has become a necessary research topic.Therefore,this paper selects Landing holding merge of Gaosheng technology as the research object.Through analyzing of the basic theoryof merge financial risk,this paper focus on the study of merge financial risk.First of all,through the analysis of the background and significance and combing the domestic and foreign related research,this paper determines the research framework.Secondly,this paper introduces the theory of merge and merge financial risk.Thirdly,taking Landing holding merge of Gaosheng technology for example,this paper states enterprises' general situation,background and motivation and process of merge,analysis of enterprises' financial data in recent years and seeks out the problems in the merge with the relevant indexes.This paper mainly analysis of the problems from the following four aspects: the valuation risk,payment risk,financial risk and integration risk after merge.Finally,according to the conclusion of the third chapter,the paper puts forward to relevant suggestions on preventing and controlling of merge financial risk and summarize the successful experience of mergers and acquisitions to hope to provide reference for the similar enterprises,This is also an expected contribution in this peper.