Chinese Enterprises' Overseas M & A Financing Model Study

Along with the booming development of our country oversea merger,it also took place huge variety the business enterprise finacial mode.From the beginning ,they were used of exercising their own funds to purchase foreign exchange for oversea M&A payment.Nowadays,in most occasion our company are obliged to use private collect funds and ownership of a share investment etc. The form comprehensive usage, our country business enterprise overseas M&A financing model's presenting day by day be mature and quickly is in line with with nations of characteristics.But the development of M&A financing model spread out many new problems again to some extent.It turns to more and more violent in recent years that the company in our country want to purchase overseas business enterprise although they are exactly also in these problems.This text commences from the concept of world multinational M&A, then I explain in detail the essence of M&A and the factor of M&A.Made brief introduction to the concepts, such as finacial, funds and finacial mode.etc. And to the different merger payment under the way of the finacial mode choice carried on the treatise of study property.Meanwhile I quote the WACC concept of the cost.Afterwards I expound the characteristics and trend of the the M&A finacial mode development in western nations.And with a great deal of data I deduce the M&A finacial mode development in western nations.When the argument bring us the influence of the way upon the finacial mode, I quote the merger war for Holland bank whih is a typical mode case. It exists many problems to which of the characteristics of the overseas M&A in present stage and the finacial mode development of present condition to the business enterprise in our country. This dissertation also carried on a detailed solution to many problems of the oversea merger of the our country business enterprise.Particularly to the business enterprise finacial hobby, I carry on thorough treatise.At the argument obligation the finacial influence business enterprise, quoted from finacial and mortgage of the Xiang lighted torch Co.,ltd a huge sum of obligation within merger, pawn the loan bring business enterprise a disaster influence conduct and actions adjudicate mark pole.Effectively this can be the substantial evidence to the success or failure of the M&A which choose the different finacial merges mode and the good development to the business enterprise after M&A.Finally, based on the fore dissertation discussing, I from evading financial risk with seting up the best structure of the capital.Then I try to give my advie of the strategy in finacial mode choice.In the meantime, it is further to put forward development with our country in internationalizing our capital market and diversif- ing finacial mode.And this is my suggestion in the end in my dissertation.In the method of studying, this text make use of more analytical method mostly.And tentatively I use mathematics analysis method.I quote from already widespread usage of the WACC nowadays, the Z value discretion model and the business enterprise capital structure etc. mathematics model.I cave for much more value to the choice of the overseas M&A merge finacial mode.