Study On Financial Risk Control Of M&A Light Asset Enterprises

M&A is conducive to helping enterprises to obtain high-quality external resources and alleviating the internal development of the company.It has always been an important activity frequently occurring in the economic market.In recent years,light asset companies have developed rapidly,injecting new vitality into the development of the economic market,which is an important part of the economic market and a preferred target for expanding companies through mergers and acquisitions.Although light asset companies have advantages that traditional companies cannot match,their own uniqueness will bring more complex risks to M&A activities.If improperly handled,it is likely to cause the company to fall into a serious crisis,especially the financial risks throughout the M&A activities,which will profoundly affect the smooth progress of M&A activities and even bring challenges to the normal operation of the M&A parties.Therefore,reasonable prevention of the financial risks arising from the merger of light assets is not only conducive to the smooth progress of light asset M&A activities,but also promotes the further development of enterprises.In addition,domestic and foreign scholars still focus on traditional corporate mergers and acquisitions,and rarely study financial risk issues for light asset M&A activities.Therefore,through the research on the financial risk of light asset M&A,it is of great theoretical and practical significance to improve the light asset M&A behavior and prevent the financial risk of light asset M&A.By summarizing the research results of domestic and foreign scholars on M&A financial risk and light asset operation mode,based on risk control theory,diversified management theory and synergy theory,using literature research method,case analysis method and inductive deduction method,the paper studies the issues related to the financial risk of light asset mergers and acquisitions.After analyzing the special business model and financial characteristics of light asset companies,the factors affecting the financial risk of light asset M&A are pointed out from the perspective of social environment,mergers,acquisitors,the differences between mergers and acquisitions,and financial consultants.Taking the chain of M&A price of Xunxing Shares M&A Price as a case of light asset M&A.Through analyzing its M&A background,M&A process and M&A motivation,it analyzes in detail the financial risks and the causes of these risks in the process of M&A.Research shows that the financial risks it faces are valuation risk,financing risk,payment risk,and integration risk.Finally,according to the case research,the financial risk prevention measures for light asset M&A are proposed from the perspectives of pre-M&A,in-M&A,and after-M&A to provide reference for the smooth progress of licht asset M&A activities.