Analysis On The Risk Question Of Chinese Enterprises Transnational M&A

In recent years, a tide of transnational M&A of Chinese enterprise is surging all around China. A large number of outstanding Chinese enterprises take an important part in this tide. The strategy of "going out" has become demands of the national economy to maintain stable development in the new era. M&A especially multinational M&A have already become Chinese enterprise's important measure to extend the production scale, acquire advanced technique and resource. By the M&A, the business enterprise can get the cooperation effect and scale economy effect; can get the specialized property; raise the market share; carry on diversified management and lower the investment risk. But M&A is not all-powerful, it also has own bug, also existing a great deal of risk. Because transnational M&A is a major way of contemporary foreign direct investment, it has a tremendous impact on the world economy, if not properly dealt with the risk of M&A will lead to the failure of M&A to the enterprise;, national and even will have a tremendous impact on the world economy.This paper, on the basis of study of the course of the historical development of our enterprises' transnational mergers and acquisitions, discusses the main problems and evaluation system of risk.At first the paper discusses the writing background,research situation,and the innovation. The paper makes risk diversification theory, risk management theory, the risk-benefit symmetric theory as the basis of the transnational mergers and acquisitions of our enterprises. At the same time analyses the concept and the specific features of the risk. Then discusses the development courses,main risk' problems and the classification of risk of the transnational mergers and acquisitions of our enterprises. Then on the basis of the above analysis it constructs overseas M&A risk assessment indicator system of our enterprises and uses the fuzzy evaluation method. Finally, from the legal risk prevention, risk prevention financing, political risk prevention, risk prevention after the merger integration and the goal enterprise' pricing risk prevention it suggests the measures of the risk prevention and control.