Research On Financial Risk Management Of Transnational Mergers And Acquisitions Of Cultural Enterprises-

With the speed of economic globalization and the continuous integration of cultures in all countries,all kinds of enterprises have turned to cultural enterprises.Intangible cultural resources such as culture,creativity,human capital and other intangible cultural resources provide cultural products and services(quasi mental products),and use this spiritual content to obtain business interests,which is called cultural enterprises.In recent years,a large number of cultural enterprises have positioned transnational mergers and acquisitions as the only way for enterprises to reach the global level.In the late nineteenth Century,global cross-border mergers and acquisitions came into being.After six wave of world,China did not appear at the end of twentieth Century.It has become a new way for Chinese enterprises to expand market share and enhance international influence.Because of the late start of transnational mergers and acquisitions in China,the theoretical system of practical experience and transnational mergers and acquisitions is not mature enough,and there is a lack of a precedent for transnational mergers and acquisitions of cultural enterprises.Therefore,the financial risks produced by Chinese cultural enterprises are easily ignored,and the prevention measures are not timely,leading to the eventual failure of transnational mergers and acquisitions.This paper discusses the definition of transnational mergers and acquisitions in the financial risk,analyzes the factors of transnational mergers and acquisitions type and influence of cultural enterprises cross-border mergers and acquisitions of financial risk,summarizes the cross-border mergers and acquisitions in the face of cultural enterprises financial risk.Through the use of comparative study,case analysis,quantitative analysis of the case analysis.Through the analysis of the research status at home and abroad of cultural enterprises development and existence,and combined with the theory of scale economy,enterprise management theory,risk management theory based on the analysis of mergers and acquisitions in Australia HOYTS Wanda cinema cinema case,time node mergers and acquisitions as the breakthrough point,analysis of Wanda cinema to happen in process before the merger,mergers and acquisitions,mergers and acquisitions after a variety of reasonable control of financial risk.Through the study of financial risk control,it can provide a reliable basis and theoretical support for the cultural enterprises to control the financial risks of transnational mergers and acquisitions.