Research On Cross-border Mergers And Acquisitions Risk Management Of H Group

With the development of economic globalization,cooperation between enterprises of different countries become closer and closer.Thus,more and more domestic enterprises tend to adopt the cross-border merger and acquisition strategy to expand their international market share and undertake foreign direct investment.At present,the world has experienced six waves of mergers and acquisitions.What's more,under the background of China's "One Belt,One Road",Chinese enterprises have become more and more active in the world capital market.This thesis takes H Group as the research object and also introduces and analyzes the upcoming project of H Group's merging I company.First of all,this thesis describes the operation process of the project and introduces the basic situation of the project as well as explains the implementation plan of the project.Then,it sorted out how the H Group conducted risk management in the project by analyzing the risk management process and content respectively.Finally,the thesis analyzes the risks and countermeasures of H group in the process.Based on the case analysis of the above project of H group's transnational merging I company and comprehensive risk management,this thesis analyzes the transnational merger and acquisition projects of the automobile industry in which H group is located.Combining with the two cases of the American Ford cross-border acquisition of China Jiangling and the China Geely cross-border acquisition of Swedish Volvo,this thesis has drawn some inspirations of the risk management of the automobile enterprises in the future.The inspirations include the following aspects:First,automobile enterprises should improve the cross-border m&a risk management structure.Second,the cross-border m&a risk management system should be improved as well.Third,automobile enterprises should enrich cross-border m&a risk management ways and cultivate transnational m&a risk management talents.In addition,a more accurate AHP-GRAM model should be used for quantitative risk assessment especially in the automobile enterprise cross-border m&a project risk evaluation process.Finally,it can improve the risk management level of automobile enterprises and provide experience for the risk management of cross-border m&a projects in the future.