Analysis On The Risk Of Bet Agreement And Its Control In S Company’s M&a

With the transition of China’s economy to technology-based economy,mergers and acquisitions(m&a)and venture capital(vc)have emerged in the market with rapid economic development.At present,in view of the information asymmetry between merger and acquisition subjects and the high premium rate in merger and acquisition activities,the risk in enterprise merger and acquisition activities is increased.In such an environment,the use of the betting protocol came into being.After being used in the domestic economic market,the application scope of the betting agreement is expanding.Many enterprises in the market should successfully use the bet agreement to get rapid development,but there are also a lot of bet agreement failure of the enterprise,resulting in legal disputes,the consequences of the change of enterprise ownership.In the enterprises using the bet agreement,the signing of the bet agreement will usually lead to a win-win or lose-lose situation,abnormal bet agreement on both sides of the merger and acquisition of a significant impact.Therefore,it is necessary and urgent to analyze the risk of betting agreement and establish risk control system in the current market economy with rapid development.The establishment of risk control system is helpful to improve the success rate of bet agreement,to control the risks in m & a and to promote the healthy development of m & a activities.This paper USES case analysis to study the terms and risk factors of the bet agreement.First of all,the paper explains the current situation and background of the development of the counter party agreement,and then expounds the value and significance of the research on the risk of the counter party agreement.Then,the relevant theories and concepts of the gambling protocol are elaborated,and the research results of scholars are classified and summarized.Furthermore,this paper makes an in-depth analysis of the case of S company’s merger and acquisition of D company signing the bet agreement,and analyzes the important risk factors in the bet agreement.Finally establish the risk control system of the risk of the bet agreement.This paper takes the gambling agreement signed by S company and D company as the clue,and explores and studies the case company.It can be found that the risks arising from the gambling agreement mainly include the behavioral risk of managers,the risk of valuation of target enterprises,the risk of impairment of goodwill,the risk of investment target,and so on.This paper puts forward risk control measures before,during and after the signing of the counter bet agreement:(1)before the signing of the counter bet agreement: the main responsibility of the acquirer is to analyze the whole macro market economic environment,do a good job in the preliminary investigation,and find out the most suitable investment company.(2)in the signing of the bet agreement,the m & a party shall reasonably set more appropriate performance standards for the valuation of the target enterprise.(3)after the signing of the bet agreement: strengthen the internal control of the target enterprise,focus on the management of accounts receivable,do not provide value-added services to the target enterprise or change the terms of the bet agreement...