Research On Financial Risk Of M & A And Its Prevention

In our continuous progress and the reform of state owned enterprises today, with the perfection of market economic system, the trend of more and more frequently have presented between the enterprise merger and acquisition activity. However, the relevant enterprises M&a practice and theory study compared with foreign countries there is a big gap, this gap is particularly reflected in the financial and economic issues, has. seriously affected our M&A behavior of rapid and healthy development. Firstly, according to the previous social theory and practice related to the conception of M&a specific limit, analyzes the acquisition may bring to the company of various forms of financial risk, and according to the process of merger and acquisition of the financial risk classification, and then through the case of various financial risk are analyzed deeply, and then put forward the control measures and specific recommendations.This paper is divided into six parts:The first part is the introduction, through combing the development process of enterprise merger and acquisition, introduces the topic background and the significance, the domestic and foreign research present situation, research content and method.The second part carries on the analysis to the related theory of enterprise merger and acquisition and financial risk, expounds the enterprise merger and acquisition, the enterprise merger theory, M&A risks and related theory of financial risk of enterprise merger and acquisition.The third part introduces the formation mechanism of financial risk of enterprise merger and acquisition. Analysis of formation mechanism of financial risk in M&A of enterprises from the pricing of risk, financing risk, payment risk and risk of financial integration in four aspects.The fourth part is to Chinese peace two M&A behavior to do case analysis. The formation mechanism of financial risk combining the enterprise M&a through comparison, analysis of the causes of Ping an merging Fortis Group’s financial risk and the failure of M&A, and China Ping an acquisition of Shenzhen Development Bank successfully.The fifth part of the control countermeasures of Ping an merging financial risk analysis. Based on the previous chapter analysis of Ping an merging of all kinds of financial risk causes, and puts forward some countermeasures to control all kinds of financial risks.The sixth part is the conclusion. Summarizes the full content, summarizes the arguments presented in this paper, and put forward the prospects and inadequate.