Research On Financial Risk Analysis And Control Of Midea Merger And Acqusition Of KUKA

China actively implements strategies of “going one out” and “one belt,one road” with the rapid development of economic globalization.Many Chinese enterprises have adopted cross-border mergers and acquisitions to achieve direct foreign investment,and hope to integrate into the world economy quickly.However,cross-border M & A across different countries and regions,there are differences in economic,legal,social,cultural and other fields.Financial risks run through the whole process.In addition,the wave of cross-border M & A of Chinese enterprises has only risen in recent years.In M & A,it is easy to overemphasize earnings and ignore risks.More than half of the enterprises' cross-border M & A results are not ideal.Therefore,to strengthen the analysis and control of financial risk is very important for enterprises to prevent and resolve financial risk reasonably and achieve the expected goal of M & A.As the representative of China's mature industries,the competition in home appliance industry is increasingly fierce,and M & A has become an important form of external growth strategy.Midea Group,as the leader of private enterprises,has frequently realized enterprise expansion through M & A in recent years,hoping to enhance the core competitiveness of enterprises and obtain greater value.This paper will take Midea Group as the research object.First of all,it introduces the basic situation of cross-border M & A in China,and sums up the financial risk related theories of crossborder M & A;second,it selects the case of Midea's M & A KUKA,starting from the background of cross-border M & a in China,and expounds the basic situation,M & a process and M & a motivation of both sides of M & A respectively;third,from pricing and financing,payment and integration of the four aspects of the U.S.M & A Treasury card financial risk qualitative analysis,and the use of comprehensive ratio method,leverage analysis,fuzzy mathematics and analytic hierarchy process to make a quantitative assessment of financial risk;thirdly,combined with this case,summarizes the control measures for the financial risk of cross-border M & A of Chinese enterprises,including through comprehensive and sufficient due diligence,scientific selection and assessment Price method and the intervention of authoritative intermediary institutions control the pricing risk,reduce the financing risk through the diversification of financing channels and reasonable arrangement of financing structure,reduce the payment risk by taking appropriate payment methods and timing,and reduce the integration risk by making systematic integration plan and actively promoting the integration measures.Finally,the main conclusions of this paper are summarized,And put forward the future prospects.