The Empirical Research On Our Country Enterprise M Ergers And Acquisitions Of Financial Risk Under The B Ackground Of The Financial Crisis

Recently, mergers and acquisitions have become an integral part of capital operation activity under the background of rapid development market economy; it is an effective way of achieving optimal allocation of resources. Since2008, under the influence of financial crisis in Europe and the United States, the situation of merger and acquisition has become fiercer in the enterprise of our country. At the same time, the enterprise our country also faces momentous risks in the process of mergers and acquisitions. In this case, the scholars in financial domain will discuss and focus on how to identify effectively and spread the risk, and the scholars will be in favor of financial warning. The financial risk which has happened in the process of mergers and acquisitions is a gradual procedure, it can be investigated some deviant evidence.Enterprises need to establish a good financial early warning mechanisms, the financial early warning system that have high sensitivity can reach the effect of risk aversion. In the era of the financial crisis under the background of the special, then, in the process of mergers and acquisitions to identify, control and prevent the possibility of financial risk have become the key, core and fundamental problems in the process of operation. Although domestic experts and scholars research on mergers and acquisitions risk is endless, but what really stood under the background of financial crisis era will empirical analysis combined with the specific case analysis research is not many.Through the method that combine with empirical research and case analysis to reveal the variation trends of financial risk in enterprise mergers and acquisitions, and provides some reasonable Suggestions. Hope to provide useful information for our country enterprise in the process of investment and expansion in the future. Altman’s Z value model is employed in the research content, by selecting25of these four years2007-2010mergers of the company’s financial data to calculate the Z value, then makes an empirical analysis using the SPSS statistical software, the changing trends of the financial risk in enterprise mergers and acquisitions in China. Secondly combined with the case of mergers and acquisitions of Bohai logistics and city, Maoye group of enlightenment, the author analyzes the reasons of m&a financial risk change. Finally, this paper according to the result of analysis, combined with China’s national conditions and the characteristics of the capital market, in the process of mergers and acquisitions of financial risk prevention and dispersed feasible Suggestions are put forward.