Research On The Evaluation Of Finacial Risk About Mergers And Acquisitions Of Enterprises:Based On BTG Hotels M?A HOME INN

In recent years,the domestic economy has shown a steady growth trend.Traditional industries have been continuously transformed and upgraded under the new economic background,and domestic listed companies have more and more mergers and acquisitions at home and abroad.In the process of mergers and acquisitions are faced with many problems.Financial risk is the biggest risk in the process of M&A,and it is also the core factor of M&A.Domestic research on mergers and acquisitions takes macroscopical strategy selection,merger and acquisition motivation as the main research content.This paper attempts to subdivide the risks faced in the merger and acquisition process from the level of financial risk,and to evaluate and analyze the analysis.Firstly,this paper expounds the trend of the cross-border M&A in recent ten years in China,and and reviews the purpose and significance about this paper;then summarizes the theoretical basis of this research with the focus on the financial risk and related theories of M&A.Secondly,on the premise of reviewing the data and examining the actual situation,we can draw on the previous level model and integrate it with the actual cases in this article.Thus,a hierarchical model of merger and acquisition financial risk with pricing risk,financing risk,payment risk,and financial integration risk as the main risk indicators is constructed.Then,by means of expert survey method,the questionnaire was distributed to experts,the results of the questionnaire were summarized and collated,and the financial risk index evaluation system was constructed by using fuzzy comprehensive evaluation method.Then,taking the case of "BTG Hotels M&A Home Inn" as a test case of this risk assessment system,the accuracy and rationality of the evaluation system are tested,and the final calculation results are further analyzed.Finally,the conclusion is drawn that the financial risk of the merger is not high overall risk,and it is within the range of general risk to low risk.At the same time,the core factor of risk is its later financial integration risk.At the same time,from the individual cases to the general situation to provide a certain reference for similar enterprises in the same industry.