Mergers And Acquisitions, Financial Integration Mode Selection,

The economy is becoming more global and more integrated.If the enterprises want to be based on the invincible position during the fierce and turbulent management environment, they only grasp the M&A to survive and develop, and make the choice with wise reason in time, expand the scope of the enterprise and improve the competitiveness through merging as soon as possible. It could stand baptism and impact of the competition . They will achieve the goal of strengthening enterprise' s capability then.It indicates that the integration after enterprise merging, determines the enterprises merge already. The financial integration is the key to success after the enterprise merge. The leading factor which influences the financial integration is that enterprises merge strategy. That enterprises' merge strategy must produce two influence factors according to longitudinal strategy and horizontal strategy, one is merge trade related degree between the two enterprises, another is the related degree of market information of the targeted enterprise.After the financial integration model analyzing according to the two factors, we have obtained three kinds of financial integration models: Transplanting type, separating type, merging type. The Transplanting type is suitable for relevant trade productive enterprises merging, the separating type is suitable for unrelated R&D enterprises merging, the merging type is suitable for other types. According to integration model we set up corresponding enterprise financial control system. Then we carry on positive research on it , in the hope of solving the validity problem about financial integration after the enterprise merging.