Financial Risk Analysis And Prevention Of Cross-border Mergers And Acquisitions Of Household Appliance Enterprises

Under the tide of economic globalization,the household appliance enterprises that are affected by it are also transforming from manufacturing type to intelligent type.At present,the most important work of enterprises is to develop new products with high technology content for future business development.To quickly grasp this high-tech,the best solution is cross-border M & A,more importantly,it can obtain the core technology of R & D products,for their enterprises in the international competition to gain a favorable position,for enterprises to bring better prospects for development.But cross-border M & A also has certain risks,improper operation may be will have an impact on corporate performance,resulting in a decline in corporate profits,and even a high risk of claims.Through the case study at home and abroad,it is found that the main reasons for the failure of cross-border M & A in some domestic home appliance enterprises are as follows,such as too high or too low valuation of target enterprises,unreasonable payment or financing methods,and the lack of finishing work after M & A.In the whole M & A transaction,financial activities play an important role from the beginning to the end,if the financial activities are not carried out smoothly,the results of M & A are not satisfactory,and vice versa.Therefore,the most important thing to improve the success rate of M & A is to reduce financial activities Risk.China's electric enterprises in cross-border M & A,in the prevention of financial risks and control of financial risks in the system is not mature and perfect,therefore,to do a good job in this area of research and improvement,not only contribute to the success of home appliance enterprises M & A,but also to the future want to cross-border M & Ahome appliance enterprises have reference significance.Through the use of literature analysis,case analysis,quantitative and qualitative research method to study the M & A Kuka case.This paper analyzes the financial risk of target enterprises before M & A,financing risk and payment risk,and integration risk caused by the different nature of M & A after M & A.Finally,it draws some enlightenment from this case,and then puts forward the overall financial risk prevention suggestion of M & A in China.To avoid the risk and realize the strategic goal in the movement has the guiding function and the reference significance to the home appliance enterprise cross-border M & Aguard against the financial risk.