Research On The Motivations And Risks Of Cross-border Mergers And Acquisitions Of Chinese Private Enterprisess

With the constantly opening of China to the outside world,more and more Chinese enterprises actively implement the "going out" strategy,cross-border mergers and acquisitions has gradually become one of the main forms of enterprise scale expansion.Enterprises participate in international market competition through cross-border mergers and acquisitions,to strength themselves.At present,the economic output of private enterprises has accounted for more than half of Chinese total economy,and the importance of it has become increasingly prominent.Part of the private enterprises have the ability of cross-border mergers and acquisitions,as a member of the tendency of cross-border mergers and acquisitions.Unlike state-owned enterprises,private enterprises are more efficient in cross-border mergers and acquisitions,lower political risk,and have clear motivation,clear property rights,flexible mechanisms and so on,with a certain market competitiveness.However,there are still many problems in the process of cross-border M&A of private enterprises.How to clarify the motivation of acquisition and how to avoid the risk of M & A is the focus of our attention.Therefore,it is necessary to study the motivations and risks of cross-border M&A.On the basis of the theory of cross-border M&A,this paper studies the motivations,present situation and characteristics of cross-border M&A of Chinese private enterprises,and summarizes the following four aspects: the international market,the promotion of R&D level,the brand internationalization and Get international management experience,and tries to solve the problem of political risk,legal risk,financial risk and whole risk in the process of M & A,through the analysis and comparison of cross-border M&A cases of Chinese private enterprises.To prevent the risk of cross-border M&A,ahead of the host government law and policy research;hire professional organizations to help complete cross-border M&A;use of a wide range of payment;focus on mergers and acquisitions after the integration problem.