Research On Financial Risk Control Of Cross Border M & A

Under the tide of global economy,there are a large number of cross-border mergers and acquisitions in enterprises of all countries.With the increasingly close relationship between China's economy and the world economy,many Chinese enterprises have joined the ranks of cross-border mergers and acquisitions.However,as China's cross-border M &A is still in the early stage of development,lack of experience in analyzing and preventing financial risks,it is necessay to study the financial risk control of cross-border M & A.This paper uses the method of literature review and case analysis to summarize the previous research results.Starting from the related concepts and theories of cross-border M& A and M & a financial risk,taking Wentai technology's M & A of Anser group,a typical case of domestic semiconductor industry,as an example,this paper first analyzes the M &a motivation,and then through the study of the whole process of M & A,divides the M & a financial risk into three categories Pricing risk,financing risk,payment risk and integration risk,this paper introduces the specific performance of financial risk faced by Wentai technology in the actual merger and acquisition process,analyzes the control measures taken by Wentai technology to deal with these risks,and evaluates the effectiveness of these risk control measures,from which we can know the financial risk control measures of Wentai technology's merger and acquisition of Anshi group Good results have been achieved: in the preparation stage of M & A,Wentai technology selects a more reasonable market method by comparing the two valuation methods,and employs professional intermediaries to control the pricing risk more effectively;in the implementation stage of M & A,Wentai technology introduces strategic investors and adopts a variety of financing methods and mixed payment,but the huge loan reduces the debt paying ability of Wentai technology At the same time,it did not effectively control the loss caused by exchange rate changes;at the stage of M & A integration,Wentai technology took flexible measures to promote the integration and exchange of finance,human resources,culture and business,and the integration risk was relatively effectively controlled.Through the above conclusions and enlightenment,we hope to provide reference for other enterprises' m & A activities,reduce the risk in the process of M & A as much as possible,improve the ability of risk identification and control,establish a sound risk control system,and improve the success rate of M & A.