Study On Risk Assessment Of Midea Group’s Overseas Merger And Acquisition Of German Kuka Aktiengesellschaft

The emergence and development of transnational corporations as an organizational form have deepened the degree of globalization of the world economy,the activities of domestic enterprises such as expansion and asset allocation in order to achieve a broader development space have long been not confined to the national scope.Whether it is the subprime mortgage crisis in the United States in 2007 or the resulting European debt crisis,the value of many foreign high-quality enterprises has been underestimated by the market.Domestic capital has just caught up with the good opportunity of bottom-copying mergers and acquisitions,and "going out" for cross-border mergers and acquisitions has become popular.Those who wade into the muddy waters of foreign capital market keep appearing,and the sky-high merger and acquisition amount is endless.Although the benefits are good,the risks go hand in hand.While acquiring high-quality assets,mergers and acquisitions enterprises will also face the risk of uncertain degree.In this paper,fuzzy analytic hierarchy process(FAHP)is used to evaluate the risk of Midea group’s overseas acquisition of German KUKA group.Firstly,on the basis of understanding the relevant research trends at home and abroad,this paper expounds the relevant concepts and theoretical basis of the research.Then,combining theory with practice and cases,this paper systematically expounds the process and motivation of Midea group’s overseas acquisition of Germany Kuka group,and identifies its risks in various stages of cross-border acquisition.Secondly,a risk evaluation model for Midea group’s acquisition of Kuka group was constructed by using the analytic hierarchy process and fuzzy comprehensive evaluation method,and the model was used for quantitative evaluation.Finally,based on the risk identification and evaluation results,this paper puts forward some reasonable suggestions and preventive measures for the risk faced by the overseas M&A in various stages,providing some reference suggestions for Midea group to prevent the risks of further overseas mergers and acquisitions...