| “The Belt And Road ” provides a positive market environment for Chinese enterprises to invest overseas.Under the dual influence of their own development needs and policy support,Chinese enterprises have carried out overseas mergers and acquisitions,expanded their own scale,accumulated enterprise capital,and prepared for strengthening themselves and the Chinese economy.Since the proposal was put forward in 2013,the number and amount of overseas mergers and acquisitions in China have increased rapidly,but the results of 80% of overseas mergers and acquisitions are not ideal.Among them,the lack of attention to the prevention and control of risks of overseas mergers and acquisitions is one of the important reasons for the failure of mergers and acquisitions.Based on the above background,this paper is focused on the overseas m&a risk,first of all,by analyzing a large number of relevant literature,understand the background of "area" initiative and overseas m&a risk connotation,origin,classification and protection of the status quo,secondly,overseas m&a risk can be divided into mergers and acquisitions preparation stage,implementation stage and the risk of integration of three phase,after the case based on the basic theory of financial management risk,analysis method is adopted to the light group acquisitions Tnuva Israel a classic case of differ in different phases of the risk for research,analysis of its causes and effects,And combined with the theory of risk management strategy group of light in the merger and acquisition risk prevention measures and effect analysis and evaluation,finally,according to the results of case study,come to the conclusion that to our country enterprise in the "area" all the way along the countries overseas mergers and acquisitions activity in risk prevention recommendations for reference significance for enlightenment.This paper mainly tries to solve the following questions: what are the main risks faced by enterprises in overseas m&a activities? How do these risks form? How to effectively prevent and control these risks? What are the major risk points of countries along the belt and road? By studying the case of guangming group’s merger with Tnuva group of Israel,a country along the "one belt and one road",we hope to answer the above questions.Innovation point of this article is,in the context of the present domestic research status,scholars to study in overseas M&A risk tend to be more traditional industries such as cars,energy,for the dairy industry overseas M&A risk study is less,this article selects the dairy industry in our country one of the biggest mergers and acquisitions overseas M&A events-the light group Israel Tnuva group as the research object,you can fill the blank of the literature in this field.In addition,with the advancement of " The Belt And Road " initiative,combined with the " The Belt And Road " background of the research has become a new hotspot in the research of the various areas,this article will highlight the " The Belt And Road " background,the case and the combination of " The Belt And Road " development initiative,the " The Belt And Road " all the way along the national characteristics and main risk points were analyzed,and it is also an innovation of this article. |
