Financial Risks And Precautions Of Overseas Mergers And Acquisitions Under The Supply Side Reform

Since the "13th Five-Year" plan,as the party and the state put forward the policy of "structural reform of the supply side",domestic enterprises have begun to accelerate the rectification of the business layout,and more and more enterprises have participated in the merger and acquisition of overseas enterprises.In this context,how to strengthen the risk management and control of domestic enterprises' overseas M & a business and enhance the global strategic development advantage of domestic enterprises has become a hot issue of great concern and urgent need to be solved in the theoretical and practical circles.Through the study of CNOOC's overseas M & A cases of CNOOC in Canada,this paper makes an in-depth analysis on the merger strategy adopted by CNOOC and the identification and adjustment measures of the financial risks in the process of merger and acquisition,hoping to be able to participate in the overseas merger and financial risk for the domestic enterprises.The management and control measures provide the corresponding reference and enlightenment.Through literature review,review,qualitative and quantitative analysis,case study and other related research methods,this paper makes a detailed comparison and Analysis on the related financial indicators before and after the merger and acquisition of CNOOC Nickerson: first,it analyzes the business background and financial situation of Nickerson before the merger and acquisition,and then,then,then The long-term and short-term debt situation,current assets rate,capital structure and other related financial indicators,which were produced by ncnooc,were analyzed in detail.Based on the actual cases of theory and enterprise overseas mergers and acquisitions,it is found that the main financial risks of overseas mergers and acquisitions are reflected in valuation risk,merger financing risk,merger and acquisition risk,merger integration risk and so on.After CNOOC merger and acquisition of Nixon company in 2013,the company has a large proportion of debt and the company's length.Due to the large debt rate,the total assets structure and liquidity ratio of the company will be influenced by the company,but after the CNOOC has completed the merger and acquisition,it is reasonable to plan the debt repayment plan,allocate the funds scientifically,and repay the financing debt in the prescribed time,to strengthen the management of the cash flow in an all-round way and avoid the financial risk.The appearance of it.Finally,according to the actual situation of CNOOC overseas merger and acquisition of Nixon,combined with the relevant theoretical analysis,it summarizes the measures to prevent the financial risk of overseas merger and acquisition,that is to rationally carry out the survey on Nickerson's merger and acquisition,optimize the debt structure and maintain a high liquidity level,and reduce the financial instruments reasonably.In the context of the supply side reform,the Chinese capital enterprises are involved in the overseas merger and acquisition,and how to identify and prevent the valuation risk,the risk of merger and financing,the risk of payment,the financial integration risk and so on.The corresponding enlightenment is summed up.