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Overseas M&A Enterprise Risk Analysis And Control Research

Posted on:2020-06-04Degree:MasterType:Thesis
Country:ChinaCandidate:J J MengFull Text:PDF
GTID:2439330575993115Subject:Accounting
Abstract/Summary:PDF Full Text Request
In recent years,because of the "going out" "One Belt And One Road" as well as the needs of the development of the Chinese enterprise itself increasing overseas mergers and acquisitions,mergers and acquisitions in the enterprise management activity plays a more and more important role.As the car industry is more "electric,snatched,intelligent,sharing",the new technological changes to auto parts enterprises modernization put forward more severe challenges.But the overall slow development of auto parts enterprises in our country,some advanced technology in the hands of the developed countries,there is a lot of breakthrough technology barrier,not a short time so for auto parts enterprises,using overseas m&a promote transformation and upgrading of business strategies is particularly important.The rapid development of economy,brought opportunities for Chinese enterprises overseas mergers and acquisitions,more and more enterprises in China by overseas m&a into the international market.Management difficulties for some overseas companies also for our country enterprise "going out" has brought the rare opportunity,but only a small percentage of overseas mergers and acquisitions of enterprises in our country has been a success,the main reason for the failure is not accurately identify the risk of overseas mergers and acquisitions and take corresponding control measures.Therefore,the study of overseas m&a risk will be beneficial to our country enterprise risk awareness and risk prevention capacity,promote the smooth progress in overseas mergers and acquisitions.Both win electronic since its establishment by many overseas mergers and acquisitions grew so resources needed to get the business,its share the growth of the overseas m&a mode is also called "mode",all electronic the successful experience of overseas mergers and acquisitions,other enterprises in China has a strong reference value.Taking sheng electronic m&a Japanese high field as example,to review the whole process of mergers and acquisitions into phase,implementation phase,integration phase,for each phase in risk identification,first by identifying confirm all electronic m&a takada main risk types.Then the risk analysis to identify,this paper analyzes the implementation stage of the m&a financial risk,valuation risk,finance risk,debt repayment risk,according to the external environment of sheng electronic and qualitative analysis,the present situation and problems of its own development according to some financial indicators,such as the Z value,beta coefficient,asset-liability ratio,such as quantitative analysis,analysis of the size of these risks.And further discusses how both win electronic integrated into the strategic layout in the process of selection of the target enterprise,how to all-round multi-angle screening and the value of the target enterprise merger and take what measures to help both sides of the integration of resources.Through case analysis this paper argues that to carry out overseas mergers and acquisitions will not blindly increase the enterprise value,also could be a devastating blow to the enterprise,the enterprise when choosing target enterprise should be combined with its own development strategy and industry development trend,attaches great importance to overseas mergers and acquisitions in the possible risks and take corresponding risk control measures.Only face up to and actively respond to these risks,overseas mergers and acquisitions is the fast passage of Chinese enterprises to the international stage.Also in this paper,based on both win electronic acquisition of the high risk control measures and its past experience in overseas mergers and acquisitions of Chinese enterprises overseas mergers and acquisitions of some enlightenment: attaches great importance to the prospective investigation,clear strategic goals;Prevent environmental risks,reasonable choose acquisition object;To optimize the financial risk prevention,risk early warning mechanism;Pay attention to integration risks,carries on the omni-directional integration.
Keywords/Search Tags:Overseas mergers and acquisitions, Risk identificatione, Risk analysis, Risk prevention
PDF Full Text Request
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