Research On Control Mechanism Of Cross-Border M&A Risks Of Private Enterprises

The end of the 20 th century,the global economic development in the direction of two: the world economic internationalization and the transnational merger and acquisition between different countries.With the development of global economy,more and more attention by enterprises,transnational merger and acquisition also attracted more researchers to study on it.Enterprises to develop transnational mergers and acquisitions,access to their original has no experience in technology,resources,and financing channels.Along with our country reform and opening up policy to further expand,the private enterprise obtained the rapid development of our country,many enterprises in the fierce market competition,the domestic market has already can't satisfy the rapid development of them,from the private enterprises have the ability of transnational mergers and acquisitions.Originated in the United States in 2007,quickly swept through the global financial crisis,the global economy at that time.But,our country private enterprise has raised a hot wave of cross-border mergers and acquisitions at this time.The number of cross-border m&a,scale is unprecedented.Especially in 2008-2012,there are more than sixty percent of the cases have occurred in our country private enterprise of transnational m&a,improve the competitive capability of enterprise intangible,promoted our country social economy's rapid growth.However,these enterprises cross-border m&a success rate of only 30%,after the enterprise transnational merger and acquisition risks everywhere.Because our country policy constraints,the government and related departments for weak legal consciousness of transnational merger and acquisition,a lack of mechanism in the part of the specification,and private enterprises in cross-border m&a management level and capital utilization ability,have led to the private enterprises in the process of cross-border m&a in our country to bear the risk of unpredictable.So,through the study of private enterprises cross-border m&a risk control mechanism,to better guide China's enterprises transnational mergers and acquisitions in the future.This paper mainly through the theoretical and actual case,in the process of China's private enterprises in the implementation of transnational merger and acquisition risk control measures taken by the study and the summary of the system,is advantageous to the enterprise transnational merger and acquisition countermeasures and Suggestions are put forward.This paper adoptsliterature research,case analysis and other multi-disciplinary crossover study.First of all,is the core of Chinese private enterprises cross-border m&a business and key risks;Secondly,through the case of the current situation of our country privately operated enterprise m&a risk management are analyzed;Finally,the risk faced by private enterprises cross-border m&a is suitable for their own development strategy through the enterprise and the government and relevant functional departments should implement the policy recommendations of two aspects to strengthen control and management.