Study On Financial Risk Management Of Overseas Mergers And Acquisitions Of Chinese Enterprises

With the deepening of economic globalization,Chinese enterprises are also coming out of the country.Especially under the guidance of the "one belt and one way"construction of the CPC Central Committee,Chinese enterprises have begun to participate in international competition,so as to find new opportunities for development.After going abroad.Chinese enterprises actively carry out overseas mergers and acquisitions,gradually expand the scale of enterprises,constantly accumulate capital,and gradually improve the level of market competition.Chinese enterprises must improve their competitiveness in an all-round way so as to occupy a place in the international market,which is also a necessay,way for enterprises to improve their operational capacity and expand their scale.In recent years,China's economy has shown a rapid development trend.The strength of the national economy has consolidated the basis for enterprises to internationalize and implement overseas M&A activities.Since the beginning of reform and opening up,Chinese enterprises have carried out overseas M&A activities for 30 years,and have achieved quite fruitful results.Overseas mergers and acquisitions,as a means for Chinese enterprises to rapidly enhance their international competitiveness,have many risks,especially the highest level of financial risk.Failure to take effective preventive and control measures to reduce the level of financial risk will lead to the failure of mergers and acquisitions.Therefore,in this study,I choose Bright Group's M&A of Israel Tnuva as a case sample,through the analysis of this case to explore how Chinese enterprises should effectively reduce and control the financial risks in overseas M&A activities,hoping to provide some reference and reference for the risk prevention and control of overseas M&A of Chinese enterprises.This paper mainly includes five parts:the first part is the introduction of this paper.In the introduction,the author introduces the theme,background,significance,research methods and ideas of this study.The second part mainly combs and integrates the literature related to this research topic.In this part,we first introduce the concept of this research topic and clarify the meaning of the concept;then,based on the concept that is the meaning,we put forward the theoretical basis related to overseas M&A activities,namely motivation theory,as the core theory of this study;next,the autlhor introduces the types of financial risks that Chinese enterprises may have in overseas M&A activities and different types ofwind.The main causes of the emergence of insurance,through a certain demonstration and analysis,explain why enterprises should implement financial risk prevention and control.In the third part,I choose Bright Group's M&A of Israelis Tnuva as a case sample,and through the analysis of this case,I deeply explore how Chinese enterprises should effectively reduce and control the financial risks in overseas M&A activities.Firstly,it introduces the background of this overseas M&A case and expounds the process of M&A.Secondly,it analyses the financial risk faced by Guangming Group in different stages of development in this overseas M&A activity.In the fourth part,on the basis of the results of the third part,we have carried out in-depth research on the shortcomings of Guangming Group in the various stages of acquisition of Tnuva in Israel,analyzed what factors caused these shortcomings and risks,and formulated targeted and feasible prevention and control suggestions according to the analysis results.In the fifth part,based on the previous research results,this paper proposes how Chinese enterprises should effectively resist and control financial risks in overseas M&A activities.The sixth part is the conclusion of this paper,which summarizes the previous research results and extracts some valuable conclusions.