Research On M&A And Integration Of Multinational Groups

At the beginning of the 21st century,the current world development characterized by economic globalization has become more prominent,the development process has been accelerating,and the transnational capital movement has become more frequent and fierce.The contribution to the rapid development of national economies has not been underestimated.Multinational group mergers and acquisitions have become enterprises.An important form of achieving scale development.Corporate mergers and acquisitions are not only an important form of asset restructuring,but also an important means of capital operation.The financial risk of M&A is a collection of various M&A risks.It is a comprehensive reflection of the value of various M&A risks.This requires us to adopt a series of measures to identify,evaluate and dispose of an effective M&A financial integration model to ensure smooth mergers and acquisitions.Complete integration to achieve synergistic scale effects.For M&A companies,implementing financial integration work will not only bring more direct and direct impacts on the post-merger work,but also improve the efficiency of the financial system to achieve strategic planning.The article combines the relevant literature and the recent actual cases of cross-border mergers and acquisitions financial integration,from the perspective of the acquirer,how to carry out financial integration after the merger.The article uses literature research method,case analysis method and interview investigation method to deeply analyze the case of W multinational group merger and acquisition company X adopting OTS financial integration model.From the introduction of the model,the content,framework and theory of financial integration after the specific merger of multinational group Departure,refine the shortcomings in the actual operation of financial integration under this model and various problems in the implementation.Based on the key points of post-merger financial integration,this paper describes a center,three in place and seven financial integration contents under this model as the nodes,including:financial environment,financial strategy objectives,financial system,accounting system,stock Assets and stock liabilities,performance appraisal and assessment,internal control of cash flow,and restructuring of company rights and responsibilities are clearly carried out.Analyze,research and summarize the problems and causes of various mergers and acquisitions in the financial integration process in the case enterprises,and finally form a set of improvement suggestions to improve the financial integration of the group,so that the mergers and acquisitions can achieve financial synergy The group's scale benefits,thus achieving the success of the merger.The current M&A cases have increased year by year,but there are a few cases of successful M&A success.In the current research on M&A integration,there are relatively few studies focusing on financial integration,and few studies on M&A financial integration from the overall system.I hope that the research of this paper can provide reference for other M&A companies.