Research On Financial Risk Of Merger And Acquisition Of H Electric Company

The electric appliance industry is the traditional industry which has the fastest development,the most competition and the most international connection in the last 30 years.From the 80s of the last century to the present,the competition of electrical appliance enterprises has gone through the process from quality to cost,to scale and then to the market.Enterprises need a large number of human,financial and material resources to choose an independent road of development.If still in this way,the enterprise will be in a passive position and lose its original advantage in the market competition.Based on this,mergers and acquisitions have become an important means for enterprises to obtain resources,technologies and enhance their core competitiveness.In the process of mergers and acquisitions,enterprises will produce financial risks and run through the whole activity,and financial risk has become an important factor that determines whether mergers and acquisitions can be successful or not.How to identify the types of financial risks in the process and avoid the financial risks arising from mergers and acquisitions have become the primary considerations for mergers and acquisitions of major enterprises.On the basis of relevant theories and research results at home and abroad,this paper first introduces the types of financial risks arising from mergers and acquisitions.The status of electrical industry mergers and acquisitions are analyzed,and points out that the financial risk and the causes of H electric company mergers and acquisitions in various stages of K company;then constructs the fuzzy comprehensive evaluation model,the calculation range of the financial risk of the selected indicators,find the most important factor;finally according to origin respectively from the H electric company merger integration risk the pricing risk,acquisition financing and payment risk,the countermeasures are put forward,including the integration of financial organization,clear the objective of financial management,integrated management system,reasonable financing and payment etc.,hope to get a positive effect on the development of the H electric company.The conclusion is that the main risk factors of H electric company K company merger integration risk is at the time of the acquisition financing risk and after the merger,although the process of financial risk in a reasonable rane,but also need to pay attention to the late H electric company to the integration of K.This paper provides some suggestions for enterprises to effectively control the financial risk of mergers and acquisitions,hoping to provide some reference and reference value for other enterprises' m&a activities.Therefore,through the acquisition of K H electronics company as an example to analyze the enterprise merger and acquisition is the potential financial risk,to help enterprises realize the importance of financial risk in mergers and acquisitions,in order to implement the corresponding measures to avoid the risk.On the basis of previous studies,this paper analyzes the financial data before and after the merger of K company,and analyzes the reasons for the changes of the relevant indicators with the measures adopted by H electric appliance company in the merger and acquisition activities.Moreover,on the basis of the further analysis of the risk factors in the process of financial integration,we can guide enterprises to avoid risks.