Research On Financial Risk Of Yang Zijiang Logistics Merger And Acquisition Of Tianjin Maritime Transport

With the rapid development of China’s logistics industry,more and more domestic companies,in recent years.The promotion of supply side reform and economic progress,along with the enhancement of the company’s core competitiveness,began to be more and more unsatisfied with the previous internal growth model,and instead implemented the external growth model relying on M &A.Because M &A involves a large amount of capital and takes a long time,there are so much risks,especially financial risks.But,due to the neglect of the financial risk management of M &A,many companies suffer a lot of losses or even go bankrupt.In recent years,the academia and society pay close attention to the financial risk of M &A,in this case,how to identify and manage it is very important.The research object of this paper is the financial risk of Yangtze River M&A.the way to evaluate the financial risk of M &A is elaborated based on the financial risk of M & amp;A.based on the classification of the risk,the paper puts forward the corresponding countermeasures to manage different financial risks.Through the combination of case study method and data analysis method,this paper makes an in-depth study on the source of M&a risk,the formation of financial risk and the economic consequences caused by financial risk.Through qualitative analysis,it is concluded that the Yangtze River Logistics is carrying out M &A in order to expand the scale of enterprises,and the strong motivation of M &A promotes the formation of M &a risk.After M &A,Yangtze River Logistics ignored the financial risk prevention and integration of M &A,which led to the financial crisis of Yangtze River Logistics.Using the qualitative analysis of event analysis and financial index method,we can see that the financial risk of M &A has an extremely significant impact on enterprises,while ignoring the financial risk of M &A has an obvious negative effect.It is found that the financial risk of M &A is caused by multiple factors,and the selection and pricing evaluation method of the target enterprise are the main content of the financial risk in the early stage;the financial analysis of the target enterprise in the process of M &A is the main aspect;after M &A,the key element of the integration work is the financial risk control in the late stage of M &A.This paper provides some reasonable suggestions for other enterprises to expand their M &A: carefully select the target enterprises for M &A,reasonably agree on the pricing evaluation method;think about the financing method in multiple dimensions;pay attention to the financial risk analysis during M &A;clarify the work before and after M &A;strengthen the responsibility of all parties concerned,strengthen the self-restraint of the third-party institutions,and strengthen the supervision of relevant departments.