Identification And Prevention Of Financial Risks In Cross-border Mergers And Acquisitions Of Midea

Under the tide of economic globalization,in order to expand overseas and seize market share,Chinese household appliance enterprises have chosen to carry out cross-border mergers and acquisitions.The purpose of cross-border mergers and acquisitions of household appliances enterprises is generally to obtain the core technology of product research and development of target enterprises,or the share of international market competition,so as to continuously promote the rapid development of household appliances industry.Cross-border M & A is not a simple delivery transaction,there are many risks that may affect the sustainable production and management of enterprises before and after mergers and acquisitions.This paper focuses on the financial risks involved in the process of cross-border mergers and acquisitions of household appliances enterprises.This paper mainly uses the method of literature research and case study to analyze the identification methods and control measures of financial risks faced by Chinese household appliance enterprises in cross-border mergers.First of all,this paper reviews the theoretical research results at home and abroad.When studying the financial risks of cross-border mergers and acquisitions,scholars at home and abroad generally divide the process of mergers and acquisitions,and scholars recognize the method of using z value to comprehensively analyze financial risks.On this basis,this paper determines the related concepts and scope of cross-border mergers and acquisitions,as well as this paper analyzes the motivation and identification,and controls the financial risk basis of the relevant theories.Then,this paper mainly expounds the relevant policies of our government.From the policies issued by the government,we can see that they agree with the cross-border mergers and acquisitions of household appliances enterprises,and take encouraging measures to support the overseas development of enterprises.In this paper,the methods and influencing factors of identifying financing risk,valuation risk,payment risk,exchange rate risk,debt service risk and integration risk in cross-border mergers and acquisitions of household appliances industry are described in stages,which paves the way for the following specific case analysis.According to the above theoretical basis,this paper analyzes the M & A Kuka case of the United States,expounds the background of the case and the general situation of both sides of the M & A,analyzes the influencing factors of the M & A from the internal and external aspects,and then analyzes the identification of the financial risk in the M & A Kuka from the front,middle and latter aspects of the merger and acquisition,and expounds the control measures of the United States in the M & A process.Finally,this paper holds that the current macro environment is conducive to cross-border mergers and acquisitions of household appliances enterprises,and the control measures taken in view of the United States extract the universal preventive measures in the future cross-border mergers and acquisitions of household appliances enterprises,and expounds the relevant research conclusions and the shortcomings of this study.Under the environment of the transformation from manufacturing to "intelligent manufacturing",the key to the development of enterprise management is to develop and develop high-tech products.Cross-border mergers and acquisitions are the shortcut for enterprises to quickly own intelligent manufacturing technology,and effectively identifying and controlling financial risks has become the key to the development of enterprises.In the past,there are few studies on household appliance enterprises,especially considering the current reform policy of household appliances industry,so a series of studies in this paper can be used for reference and reference from the identification methods and control measures of other household appliance enterprises in cross-border mergers and acquisitions,so as to deal with financial risks more effectively.