Study On Kerr Enterprise Risk Management In Cross-border M&A Of Xiwang Foods Company

Since the 80s of last century,the process of economic integration has been accelerated in all parts of the world.As a big economic country,the trend of the global economy of the economy is becoming more and more obvious,and the influence of the world is becoming more and more high.In order to fully seek the greater development of the market environment and global resources advantages,more and more Chinese enterprises are making overseas investments through overseas mergers and acquisitions.Since 2014,the scale of transnational mergers and acquisitions of Chinese enterprises has been expanding,but for Chinese enterprises,Cross-border M&A has been experiencing setbacks in the process of economic globalization.To sum up the failure cases of transnational mergers and acquisitions,we can conclude that each failed transnational merger and acquisition will ultimately affect the financial risk of M&A through the cost of transnational merger and acquisition,and on this basis,the financial risk management of transnational mergers and acquisitions plays a decisive role in the success or failure of transnational mergers and acquisitions.On the basis of the existing research,starting with the various links in the process of transnational merger and acquisition,this paper,based on the related theories of financial risk identification of M&A,uses literature research,case analysis,qualitative and quantitative analysis methods,from the identification of financial risk in transnational merger and acquisition,financial risk analysis,financial risk assessment,financial risk.From the angle of control and prevention,the object of study is financial risk management in the process of cross-border mergers and acquisitions.First,the financial risk identification of transnational merger and acquisition,the concept,characteristics and causes of transnational merger and acquisition financial risk are elaborated in detail.According to the different links in the process of cross-border mergers and acquisitions,the financial risks of transnational mergers and acquisitions are divided into four categories:pricing risk,financing risk,payment of wind insurance,financial integration risk after merger and acquisition,and the risk of financial integration after merger and acquisition,and The 4 internal and external factors affecting the financial risk of cross-border mergers and acquisitions are analyzed in detail.Secondly,Based on the analysis of the influencing factors,the paper adopts the analytic hierarchy process in the quantitative evaluation method,the fuzzy comprehensive evaluation method and the expert scoring method,selects the evaluation index of the factors affecting the financial risk of transnational merger and acquisition,determines the index weight,and constructs the financial risk assessment system of the transnational merger and acquisition.Based on the merger and acquisition of Canadian KERR enterprises by Western King food,this paper makes a detailed understanding of the M&A motivation of the merger and acquisition of KERR in Canada,the case background of the two sides of the merger and the financial risks of each link in the process of merger and acquisition,evaluation of the financial risk of this transnational merger and acquisition,and the in-depth analysis of the Western King food.Finally,the financial risk control of cross border mergers and acquisitions of West Wang food is discussed.Through this way,it will play a certain role of enlightenment and early warning for China's transnational mergers and acquisitions enterprises.