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Research On The Evaluation And Prevention Of Financial Risk In Midea M&A KUKA

Posted on:2020-02-23Degree:MasterType:Thesis
Country:ChinaCandidate:W W HuangFull Text:PDF
GTID:2392330596470080Subject:Accounting
Abstract/Summary:PDF Full Text Request
Cross-border M&A is an important form of transnational business strategy and a complex corporate investment activity.Successful cross-border mergers and acquisitions can promote enterprises to accelerate capital restructuring,optimize resource allocation,expand overseas markets,and enhance corporate competitiveness.However,failed cross-border mergers and acquisitions will not only cause losses to enterprises,but also worsen business operations and bankruptcy..Therefore,cross-border M&A is a “double-edged sword”.The financial risk of cross-border M&A is a comprehensive reflection of the value of various M&A risks in a certain sense.Due to the difficulty and long time of cross-border mergers and acquisitions,enterprises must strictly guard against and control related risks in the process of mergers and acquisitions.Financial risk is actually a comprehensive reflection of the value of various risks of cross-border M&A.By referring to the existing theoretical results,this paper divides the financial risks of cross-border M&A according to the different stages of its implementation.It can be divided into the pricing risk in the preparation stage of cross-border M&A,the financing risk and debt-repayment risk in the implementation stage,and the integration stage.Financial integration risk,and then on this basis,summarizes and summarizes the influencing factors of each financial risk.In the specific research process,this paper first introduces the general situation of the United States and KUKA and the merger and acquisition process,analyzes the background of mergers and acquisitions;secondly,qualitatively analyzes the financial risks in mergers and acquisitions according to relevant financial data;again,using analytic hierarchy analysis The method of law and fuzzy comprehensive evaluation has obtained the weight of various factors of financial risk in this merger,and quantitatively evaluated the overall financial risk.After obtaining the financial risk level,the case of the acquisition of German KUKA in the United States Financial risk control measures are summarized.Finally,some inspirations from how companies prevent financial risks in cross-border mergers and acquisitions are obtained.This paper systematically and comprehensively studies the relevant theories ofcross-border M&A financial risks,refines financial risks according to their different stages,and uses this as a framework to construct a financial risk evaluation index system for cross-border M&A,and uses both evaluations.The method combines the qualitative and quantitative analysis of the merger of the Media and KUKA,and draws some suggestions for other company.The research methods and research conclusions have certain theoretical significance and practical value.However,due to the uncertainty in the process of cross-border M&A,financial risks may also be affected by various other unknown factors,and its objectivity and accuracy in the process of research and analysis of cross-border M&A financial risks.Inevitably,it will be negatively affected by internal and external factors.There are inevitably many areas for improvement in research methods and research conclusions.I hope this article can play a certain reference role in the future research of scholars in this field,and jointly promote the research topic of cross-border M&A financial risk,and draw more rigorous and accurate research conclusions.
Keywords/Search Tags:Cross-border M&A, Financial risk, Risk Management
PDF Full Text Request
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