Analysis On And Prevention Of The Merger And Acquisition Risks Of Enterprises

It is risky business activities for enterprise to merge, risk run through on whole takeover, among them the financial risk is that the important influence factor of enterprises merge succeeding or not. This text has analyzed the influence factor of the financial risk during the enterprises merge in the course: analyzes several kinds of the financial risk, with great care in the process of merging, it improves the success rate of enterprise's takeover. And based on these analysis I put forward some detailed countermeasures to avoid it. This dissertation includes five chapters:Chapter one: introduction. At first, this chapter has analyzed the definition, the classification and the motives of the merge and acquisition of enterprises.M&A has many different forms. According to the different classification standard,M&A has been divided into many different types. Then it carried on the brief review of M&A in western and China's development history.Chapter two: the outline of M&A financial risk. Firstly, it explains the conception of M&A financial risk. Then, it elaborates financial risk in the course of M&A. It divided three courses of M&A to study the financial risk in different course of M&A. The content mainly includes: financial risk in the information collection stage before M&A,financial risk in the stage which M&A transaction carries out and financial risk in the financial integration stage after M&A. Finally,it study the necessity which control M&A financial risk. In China,M&A came into existence not long ago and takes a number of risks in the process of mergence for various reasons, in which the financial risk is a prominent one. Financial risk runs through the whole mergence process and it's the essential factor leading to the ultimate success.Chapter three: impacts of the stock non-tradability reform on the M&A financial means of listed companies. This chapter mainly discusses the impacts of the stock non-tradability reform on the target firm valuation,the M&A financial means of the listed companies,the methods of companies'M&A financing and the post-M&A integration.Chapter four: measures for preventing the financing risk of M&A.With respect to the current situation of M&A in our country, it puts forward measures for controlling the financing risk on the basis of analyzing the financing risk of M&A after the stock non-tradability reform. It includes four options: measures for preventing the financing risk of the target firm valuation,measures for preventing the financing risk of the M&A financial means of listed companies,measures for preventing the financing risk of the methods of companies'M&A financing,measures for preventing the financing risk of the post-M&A integration.With respect to the current situation of M&A in our country, this paper probes into the financing risk in the course of M&A and discusses the precautions.