Research On The Risk Of Mergers And Acquisitions Of Light Assets Companies

In recent years,the trend of entrepreneurship in China has gradually risen,and more and more companies have sprung up and chosen the light assets operation mode,which makes the team of light assets companies grow rapidly.This operation mode also provides a new way of thinking for the traditional domestic industry which is in a dilemma of development,and makes many domestic companies have transformed from the heavy assets operation mode to the light assets operation mode.After the transformation of real estate,food and beverage industry giants,which are mainly based on asset operation mode,they also entered a period of steady development.In the context of consumption upgrading,as a new industry,light assets companies have gradually become the hot target of mergers and acquisitions in the capital market.Many light assets companies begin to realize the group operation covering the upstream and downstream of the industrial chain through mergers and acquisitions,and the mergers and acquisitions activities of light assets companies emerge in endlessly in the capital market.However,high premium mergers and acquisitions result in the expansion of goodwill scale,including pharmaceutical manufacturing and interconnection.The total amount of goodwill in the Internet,film and television media and other industries is particularly prominent.At the same time,the risk of huge goodwill has become a key factor affecting the subsequent operation of the company,causing the capital market to worry about the huge goodwill bubble.Based on the current accounting standards and the related theory of goodwill in China,this paper chooses the light asset companies in the game industry as the case object,studies the process of generating huge goodwill by mergers and acquisitions and the subsequent treatment of goodwill impairment,analyses the risks of huge goodwill and various operations to deal with goodwill risk,and puts forward reasonable suggestions to deal with goodwill risk.At present,the research of goodwill in our country lags behind some foreign countries.The research of goodwill standards and norms is in the stage of continuous exploration and improvement.There are still some imperfections in the confirmation and measurement of goodwill in mergers and acquisitions in practice.The purpose of this paper is to analyze the mergers and acquisitions cases of light assets companies,and to remind them to pay attention to the risk of goodwill and the management of goodwill.Some suggestions on improving goodwill management in our country can provide scientific and objective valuation for light assets company mergers and acquisitions,and provide relevant reference for standard-setters and market regulators.