Research On The Risk Governance Of The State-owned Enterprises' Post-Merger Integration

In the history of the Post-Merger Integration we can see about 50% of the Integrations is unsuccessful, which can't create value but in fact cost more. A fairly high rate of failure attracts the attention about the integration until the 1990's, and the prime cause is the integration can reach the desired effect.The reform of state-owned enterprises is one necessary and important part of the china economic reform, to which the Post-Merger is one of the effectual methods to achieve, and it is one of the Stated-owned enterprises strategic measures to rectify the economic layout and optimize the industry structure. Base on this, the paper began to study how to govern the risk of the state-owned enterprises' Post-Merger Integration.After studying the theory of the Post-Merger Integration and the risk management, investigating the situation of the Post-Merger Integration, we draw the problem of the state-owned enterprises' Post-Merger Integration, then expatiate this problem systematically, which include the connotation and the thinking of the risk governance, the subject and the object of the risk governance, the rule of the risk governance, and the technology means to value the risk. The major focus of this paper is how to use the Risk-Matrix method in the assessing of the risk, and use the principles of the Board method to solve the risk tie problem. We can control the risk under a subsuming principle which is called "under different kinds and grade, give different measure".The last part we will to clarify the content of the above by giving an example.