Research On The Evaluation And Prevention Of Financial Risks In M&A Of Jewelry Enterprises

With the development of Chinas jewelry enterprises and the improvement of related systems,the current jewellery market shuffles fiercely.In 2017,the overall acquisition level and acquisition amount of the domestic jewellery industry have a significant growth trend,fully reflecting the integration demands of the industry.However,in the past two years,the industry environment has been sluggish,and the jewellery companies with weaker scales are limited by their own factors.The willingness to integrate is even stronger.They are increasingly looking for other ways to enter the capital market.It is to achieve the purpose of realization.For listed companies,with the advantage of their capital platform,they can assume the leading role of industry integrators,adopt M&A methods to make up for their shortcomings,and enhance their competitive advantage in the industry market.In the process of mergers and acquisitions of jewelry companies,the control of financial risks of mergers and acquisitions is crucial.However,few scholars have studied the financial risks of jewellery mergers and acquisitions through actual cases.In this context,based on the theory of corporate mergers and acquisitions and financial risk of mergers and acquisitions,this paper expounds the status quo and motivation of China's jewellery mergers and acquisitions,determines the financial risk factors of jewellery mergers and acquisitions through relevant literature,and introduces analytic hierarchy process and fuzzy comprehensive evaluation method to jewellery enterprises.The level of financial risk factors of M&A is evaluated,and the key financial risk factors affecting the M&A process of the enterprises are identified,and corresponding risk management and control measures are proposed.The research contents of this paper are as follows:Firstly,according to the specific ideas of the problem-analysis-solution,the research problem of this paper is proposed from the M&A environment of China's jewelry enterprises,namely "assessment and prevention of financial analysis of M&A",and the jewelry for this problem The financial risks of M&A of enterprises are summarized and a risk assessment model is established,and then the questionnaire is designed,investigated and evaluated.Finally,combined with the characteristics of jewelry enterprises,the paper puts forward some preventive measures for the financial risks of jewellery mergers and acquisitions.Then,based on the characteristics of China's jewellery industry and the research on the motives of acquisition,this paper analyzes the financial risks of Chinese jewellery mergers and acquisitions.Jewelry enterprises should pay attention to the risk of financial integration in the later stage.Finally,through the construction of the evaluation index system,the analytic hierarchy process and the fuzzy comprehensive evaluation method can be used to quantitatively evaluate the case enterprise risks.The theoretical significance of this paper is to enrich the theoretical research on the risk of mergers and acquisitions of jewelry enterprises.To this end,a comprehensive analysis of the development of domestic jewelry enterprises and the risk of mergers and acquisitions has been carried out to identify and evaluate the financial risks in the middle and late stages of jewelry merger and acquisition.Therefore,the practical significance of this research is realized,that is,through the analysis of the characteristics of risk factors of M&A,the key control points are found,and the financial risk is prevented from the root cause,and the risk management ability of the jewelry industry and the core competitiveness of the industry are enhanced.At the same time,it provides reference for the establishment of M&A risk management system for peers.