Researchof Financial RiskManagement For Security Listed Company After Mergers And Acquisitions

With the maturity of the market economy and the development of capital markets, mergers and acquisitions between companies have become an important means to improve the company’s overall strength. In recent years mergers and acquisitions have a explosive growth in the of listed companies, and mergers and acquisitions between listed companies have gradually occupied the vast majority of proportion in the transactions. Mergers and acquisitions are not the purpose of the company, but realize asset restructuring and equity integration through mergers and acquisitions, so as to improve the financial situation of listed companies, to reduce the financial risk, improve business performance, and seeking a new development growth point. But listed company in our country is facing serious financial risk in m&a integration, the research on the basis of the existing analysis of financial risk in m&a integration, is helpful to find the prevention and control measures, to improve the level of financial management, promote the healthy development of the m&a integration.In the process of mergers and acquisitions integration, listed companies will encounter many financial difficulties. For example the financial risk of the financing, evaluation of the target company and after mergers and acquisitions integration problems. Because our country capital market development is not yet perfect, the information asymmetry, the manipulation of other factors and uncontrollable factors will increase the financial risk in m&a integration. Finding causes and main risk types of m & a, can help the company targeted prevention control in the merger integration. According to the three stages of m&a development, we can roughly divid financial risk into three main categories:the target company valuation risk, financing and payment risk, integration risk. The analysis of characteristics and the analysis of the cause of these risks, can help this paper putting forward the corresponding control measures: in-depth to do due diligence, focus on financial information outside the financial statement, and use a variety of valuation method to make a comprehensive comparative analysis; Strengthen the overall planning the company’s financial management, innovative development mode of payment and financing channels, such as mergers and acquisitions funds, etc.; Cooperative parties to actively promote fusion of both sides, the key to implement the same financial management, organization and staff arrangement adjustment, fundamentally achieve the ability of the company’s business and operations.Due to the limited time and energy, this article also has many shortcomings, and financial risk throughout the entire process of merger integration, the prevention and control measures proposed in this paper are also limited on the stand of the company to deal with the financial risk. I hope that measures to deal with financial risk will become more perfect with the development of academic research and practice applications.