Financial Risk Analysis And Preventive Countermeasures Of Cross-border Mergers And Acquisitions

With the deepening of world economic integration,cross-border mergers and acquisitions as the company to achieve strategic adjustment and development of an important way,has become to promote the world economic development and global industrial structure adjustment effective way.In recent years,Chinese enterprises are increasingly involved in cross-border mergers and acquisitions,mergers and acquisitions process is full of risks.Especially in the selection of M&A target companies,the use of law,financing planning and integration after the merger and other aspects of the lack of capacity and experience,resulting in cross-border mergers and acquisitions face many risks,including macro-level political risk,legal risk,cultural risk and micro level The financial risk,business risk and so on.In the above-mentioned M&A risk,financial risk is the comprehensive reflection of various risks in value measurement.It is the primary problem faced by enterprises in cross-border mergers and acquisitions.The management of financial risk also runs through the whole process of cross-border mergers and acquisitions.Therefore,this paper intends to carry out targeted research on the financial risk and risk prevention countermeasures of cross-border M&A of Chinese enterprises.By analyzing the successful experience of Geely's acquisition of Volvo's cross-border M&A case,this paper will enhance the understanding of financial risks in the process of multinational M&A.Based on the analysis of the theory of M&A and the theory of financial risk,this paper introduces the analytic hierarchy process and the fuzzy comprehensive evaluation method based on the financial risk assessment index system.Evaluate the financial risks of the company's cross-border M&A.This paper chooses Geely to acquire Volvo case to study,analyze and summarize the financial risk and precautionary measures of cross-border M&A in the case,and put forward the measures and suggestions of financial risk prevention to provide useful reference for Chinese enterprises in future cross-border M&A activities.