| With the development of global economic integration,overseas m&a has become an important means for enterprises to expand the international market.From the mid-1990 s to the present,many Chinese enterprises have joined the overseas m&a environment in order to achieve sustainable development.Since 2008 after the outbreak of the financial crisis,Chinese enterprises’ overseas m&a pace quickened,involving areas such as the traditional manufacturing industry,new energy,as well as the emerging Internet,environmental protection,services,etc.,from state-owned enterprises dominated to emerging private enterprises,from the market to occupy,technology,brand of Chinese enterprises in the global proportion bigger and bigger.For zhongding group enterprises,overseas mergers and acquisitions can effectively allocate their resources in the international scope,improve production efficiency,and thus effectively enhance their anti-risk ability and international market competitiveness.But,as a result of overseas mergers and acquisitions need to consider many factors,which makes the tripod group process and results of overseas mergers and acquisitions will produce more uncertainty,which could lead to lower profits after the merger,performance decline,even faced with the problem such as compensation or liability,thus,overseas mergers and acquisitions for tripod in the group with double effects,if it bring in ding group interest,so will be difficult to control the risk at the same time.Ding group overseas mergers and acquisitions in this article to our country the financial risk of the W company carried on the thorough analysis,combining the theory of literature at home and abroad,according to ding group overseas mergers and acquisitions in the preparation stage,implementation stage and integration phase of the time sequence of overseas mergers and acquisitions stage,aiming at the existence of ding group in different stages of financial risk control is analyzed to ding group in overseas m&a financial risk put forward corresponding Suggestions and measures for control.Specifically,it includes scientific selection of target enterprises,implementation of comprehensive due diligence,selection of appropriate assessment methods,expansion of financing channels,selection of reasonable payment methods,use of financial instruments to reduce foreign exchange risks,adoption of effective financial integration,improvement of internal financing of cash flow,etc.Overseas m&a risks of enterprises include a series of risks such as political risk,operational risk,cultural risk,legal risk,financial risk,etc.If we want to choose the risk that can comprehensively reflect the value quantity,it is the financial risk among many risks of overseas m&a.Therefore,how to effectively control the financial risks of overseas mergers and acquisitions is of great and far-reaching significance for enterprises to realize overseas mergers and acquisitions.It is hoped that the case study of zhongding group can provide some theoretical support and reference for financial risk control in overseas m&a of Chinese enterprises. |
