Research On Financial Risk Control Of Cross-Border Mergers And Acquisitions Of Enterprises

Cross-border mergers and acquisitions is an important way for enterprises to achieve strategic development.In the context of global economic integration,it has become a new trend to acquire broad market resources and advanced technology patents through cross-border mergers and acquisitions.In recent years,both the number and volume of cross-border mergers transactions of Chinese enterprises have shown explosive growth.Relative to domestic mergers and acquisitions,not only is Cross-border face problems in making decisions on price,finance,payment,integration but also increase the problems caused by the difference in laws and regulations regional cultures and financial systems due to different countries,any one of which increases the costs,accumulates into financial risks,and ultimately affect the performance.Therefore,in order to achieve the success of cross-border mergers and acquisitions,timely and effective evaluation,monitoring of financial conditions,effective prevention and resolution of financial risks are essential.This paper focuses on the process of cross-border mergers and acquisitions,taking analysis,evaluation and control as the axis to analyze the financial risks generated in each stage.In the risk analysis,the financial risks of cross-border mergers and acquisitions are divided into valuation risks,financing and payment risks,debt repayment risks according to different stages,and the influencing factors of the above four risks are analyzed and summarized.In risk assessment,qualitative and quantitative methods are used,z-value model evaluation method and fuzzy comprehensive evaluation method are introduced in quantitative analysis,so as to obtain more reliable research conclusions.In the risk control research,the risk prevention measures adopted in the case are summarized,and then combined with the theoretical basis,the prevention and control measures are proposed one by one for the risk of value assessment,financing payment,debt repayment and financial integration.The research significance of this paper lies in the combination of theory and case,and the combination of quantitative analysis,evaluation,control of the financial risk of cross-border mergers and acquisitions,and then draw conclusions.This case is a typical example of a state-owned enterprise achieving rapid transformation.It adopts the merger mode of "listed company +PE",which is both typical and representative.The above makes the full text has certain theoretical and practical significance.