Research On Financial Risk After Enterprises Cross-border M&A

As the development of global economy and science and technology,the companies of all countries are growing their own strength,cross-border m&a has become one of the important ways.Global enterprise's the cross-border m&a has a history of one hundred and twenty years,and transnational merger and acquisition of our country is active after 1997.The development of Chinese economy is more quickly after 2001,by actively trading with all countries in the world to take part in the global market's competition,improving the international status of our country.In the process of finding the economic growth on a global scale,our country also develops an interest of transnational m&a.But the start of our country lags behind other countries for nearly one hundred years,the domestic enterprises are lack of relative m&a experience,and also don't have perfectly relevant theories to guide,enterprises don't have proper awareness about transnational merger and acquisition financial risk,especially after transnational mergers and acquisitions,so there is no mature preparedness and response,transnational mergers and acquisitions are often not successful.In the paper,based on the research of financial risk after enterprises cross-border m&a,helping Chinese enterprises to raise the attention extent of financial risk after cross-border m&a,increase the ability of recognizing financial risk and reducing financial risk after the cross-border m&a,try to avoid the failure in transnational m&a,and make our country enterprises better to participate in global market competition.The paper adopted literature analysis and case analysis to study financial risk after enterprise cross-border m&a.After explaining the related concepts of financial risk after transnational merger and acquisition,paper analyzes the concrete manifestations of the financial risk after the cross-border mergers and acquisitions,as well as the concrete causes of the financial risk after the cross-border mergers and acquisitions.By combining the case of lenovo acquired X86 IBM server to analyze and explain,the cross-border m&a financial risk management measures are put forward.In the paper,lenovo acquired IBM X86 as an example,systematically analyzed the financial risk and response after enterprises cross-border mergers and acquisitions,this is the innovation of the article.