Research On The Financial Risks And Control Of Cross-border M&A

In the current wave of world economic integration,many companies have begun to implement the "go global" strategy in order to maintain strong competitiveness.With the help of overseas mergers and acquisitions,companies introduce foreign advanced technology and management experience to promote corporate transformation and upgrading.However,the path of overseas mergers and acquisitions is not smooth,and often faces a greater risk of failure.Part of the reason for this phenomenon is the negligence or lack of experience of financial risk management by the M&A company.Therefore,the control of financial risks in mergers and acquisitions by enterprises is particularly important.This article first introduces the research background and significance,and sorts out the relevant research results of domestic and foreign scholars in the concept of cross-border mergers and acquisitions financial risk,identification and evaluation and control.On this basis,this article explains the financial risks of cross-border mergers and acquisitions.Based on theoretical support,this article uses Joyson Electronics'acquisition of Takata as the analysis object,and introduces the background of the case.Then use literature analysis method,case study method,expert scoring method,fuzzy evaluation method and analytic hierarchy process to carry out qualitative analysis and quantitative evaluation of Joyson's electronic financial risk,and get Joyson's financial risk level.At the same time,we analyzed the financial risk management measures taken by Joyson Electronics in the process of mergers and acquisitions,and summarized the successful experience of Joyson Electronics' mergers and acquisitions,that is,the introduction of intermediaries,the cultivation of professionals,the selection of appropriate merger and acquisition opportunities,and the improvement of the merger and acquisition environment.Financing methods,introduction of international strategic investors to stabilize cash flow,integration of financial management strategies and organizational structure.This article hopes that through qualitative and quantitative analysis of Joyson's electronic financial risks,it will enrich the domestic theoretical system,increase the success rate of cross-border mergers and acquisitions,and strengthen the awareness of cross-border mergers and acquisitions risk management.