Research On The Financial Risk Control Of Z Company In Overseas Mergers And Acquisitions

With the development of world economic integration,overseas mergers and acquisitions has become an important means of enterprise to develop the international market.Since the mid-1990 s,more and more Chinese enterprises realize enterprise expansion,join the overseas mergers and acquisitions wave.Especially after the 2008 financial crisis,Chinese enterprises overseas mergers and acquisitions have the development by leaps and bounds,from the traditional manufacturing industry,energy to new information,the Internet,environmental protection,services,and other areas of the industry,emerging from mainly state-owned enterprises to private enterprises,from market share to occupy,technology,brand,everywhere has the figure of China's enterprises.Overseas mergers and acquisitions can make enterprise get efficient allocation of resources in the global scope,improve the production efficiency,thus further improve the anti-risk ability of enterprises and international market competitiveness.Because of the complexity of the overseas mergers and acquisitions,however,Chinese enterprises overseas mergers and acquisitions has been facing a lot of test.many enterprises experience performance decline,falling profits,and even huge claim risk after overseas mergers and acquisitions,suggesting that overseas mergers and acquisitions can bring the huge benefits to our country enterprise,but at the same time it also associates with high risk.Enterprise overseas mergers and acquisitions risk including political risk,cultural risk,legal risk,management risk,financial risk,and a series of risks,in which all risks in the financial risk is enterprise overseas mergers and acquisitions on the value of integrated embodiment.Therefore,effective control of overseas mergers and acquisitions of financial risk in our country,has significant and far-reaching significance to the enterprise of Chinese enterprises overseas mergers and acquisitions.This paper takes the M company overseas mergers and acquisitions in China Z company as an example,based on the theory of domestic and foreign literature,on the basis of combing the overseas mergers and acquisitions according to the time sequence is divided into preparation stage,implementation stage and consolidation stage,respectively at various stages of the financial risk control analysis,targeted put forward our country enterprise overseas mergers and acquisitions of financial risk prevention and control measures.Specific include scientific choose target enterprises,a comprehensive due diligence,select the appropriate evaluation methods,broaden the financing channels,reasonable choice of payment,using financial tools,reduce the risk of foreign exchange and to adopt effective financial integration,improve the internal financing cash flow,etc.Hope that the research of this paper can providecertain reference function to our country enterprise in how to control financial risks in overseas mergers and acquisitions.