Research And Analysis On The Risk Prevention Of Overseas M&A Of Home Appliance Enterprises

At present,overseas mergers and acquisitions with the development of economic globalization intensified,how to seize this opportunity,through overseas mergers and acquisitions to speed up the seizure of international markets,promote enterprise strategic transformation and upgrading,to achieve diversified development for household electrical appliance enterprises is particularly important.In many cases of overseas mergers and acquisitions of Chinese household electrical appliance enterprises,both enterprises have succeeded in obtaining the expected synergistic effect,but there are some examples of failures.Although there are many research results on M & A financial risk,this paper aims to study overseas M & A financial risks with overseas mergers and acquisitions in China’s home appliance industry and expect to put forward practical measures to achieve risk prevention and control.In this paper,the Chinese household electrical appliance enterprises as the object of study,Haier Group mergers and acquisitions New Zealand Fisher & Paykel as an example,through the use of normative research and specific case analysis of the combination of Chinese enterprises at home and abroad overseas mergers and acquisitions of the status quo,motivation and characteristics of China Household appliances enterprises in the process of overseas mergers and acquisitions in the process of facing a variety of financial risks,combined with Haier acquisition of Fisher & Paykel this representative case,the financial risk of qualitative and quantitative analysis.Through the research,this paper draws the following conclusions: In order to effectively prevent the financial risks of overseas mergers and acquisitions,Chinese household electrical appliance enterprises should establish a risk prevention system.First of all to improve the information asymmetry,in order to reduce the pricing risks faced by enterprises;in the M & A decision-making,we should pay attention to the future potential of the target enterprise to assess;in the enterprise financing,you can choose a variety of financing channels,Financial structure,to ensure the rationalization of financing structure;according to the cash flow situation,capital structure,ownership structure,etc.,the use of flexible and diverse payment methods to minimize the asset-liability ratio;M & A decision-making emphasis on the possible integration of the latter part of the problem,Design a viable integration plan.Hope that through the Haier Group for overseas mergers and acquisitions case,sum up experience lessons learned to improve our home appliance industry overseas M & A financial risk prevention capabilities in the process of mergers and acquisitions to understand and understand the risks at the same time,the development of scientific and rational operation of strong overseas mergers and acquisitions Financial risk prevention measures to optimize the effect of overseas mergers and acquisitions to achieve synergies.