Research On Risk Management Of Merger And Acquisition Of A Real Estate Project

In recent years,the real estate prices continue to rise,the state has increased the real estate regulation,regulation and control from the land control,monetary tightening and other traditional methods,and recently through the the buyers purchase qualification,improve the two suites payment and interest rate regulation,improve the threshold of property owners.Real estate development is gradually shifting from a lucrative golden age to a compressed silver age.And in the land market,the Real estate development company through Bidding,auction,listing is often billions of money,greatly improved the threshold of real estate enterprises.The growing demand for land and increase the threshold to enter the industry,making the development of enterprises have to try more land acquisition way,an important means of real estate mergers and acquisitions will become a real estate enterprise land reserve,open up new areas.In the process of the real estate merger and acquisition,the real estate merger and acquisition has the characteristics of high frequency,high acquisition funds and low success rate of merger and acquisition.How to effectively manage the risk in the process of mergers and acquisitions has become the most important task of the real estate merger and acquisition.The background of merger and acquisition is expounded,and the practical significance of real estate M&a risk analysis is analyzed.Through the analysis of the present situation of risk management research at home and abroad,the main content of this paper and the technical route of the study are put forward.The related theories mainly introduce the relevant knowledge of real estate,and focus on risk management and M&A Theory in detail.From the angle of M&A,this article focuses on the risk management research of a real estate project merger and acquisition case.First of all,the background of mergers and acquisitions of a real estate project is described in detail.Then mainly introduces how to use statistical data,Delphy Fa on a real estate merger risk factors in the process of recognition,and according to the expert feedback preliminary judgment of the M&A projects facing six major risks:policy risk,government communication risk and market risk,integration risk,financial risk,legal risk.Then the merger risk evaluation model is established according to the identification of risk factors,the qualitative and quantitative analysis of the risk factors for acquisition of real estate projects by AHP,determine the weights of the acquisition process of each kind of risk factors on merger target.Evaluation using fuzzy comprehensive evaluation method of risk sub criterion level of risk factors,the risk level of fuzzy comprehensive evaluation,based on the maximum membership principle,the formation of judgment matrix for project risk factors,it is concluded that the project risk of merger and acquisition to belong to "low risk" level,can acquire the conclusion.The final evaluation for different risk factors,the risk avoidance,reduction,transfer or retention method to merger risk response,mergers and acquisitions reached to control the risk of real estate projects to.