Research On The Financial Risks Of Chinese Companies' Overseas Mergers And Acquisitions

Since the beginning of the 20 th century,the growing economic strength and core competitiveness of enterprises are more and more powerful.further development of chinese enterprises will become more intense,and with the development of economic globalization,Chinese enterprises and overseas enterprises increasingly and closely contacted.For Chinese enterprises,it is an effective way for development through overseas mergers and acquisitions of foreign companies to enhance the strength of enterprises,and to play the increasingly important role of the enterprises overseas mergers and acquisitions in the business activities of enterprises,which has become a very important financial activity.However,most enterprises overseas acquisitions are not smooth and successful,losers abound,such as China Ping An insurance in 2007 spent 1 billion 810 million euros to acquire the Belgian Fortis Group,and ended in failure.By summing up these failure cases,we can find that the existence of financial risks in the process of overseas mergers and acquisitions of Chinese enterprises is an important reason for the failure of mergers and acquisitions.In the future,what China's enterprises are facing an urgent problem is how to effectively identify and prevent overseas mergers and acquisitions in the financial risks.This paper,according to the theme of research questions-analyze questions-solve the problems put forward risk management measures.The overall structure of this paper is as follows: the first part is the introduction of overseas mergers and acquisitions China enterprise financial risk and its research background,significance,ideas,and so on,and briefly summarizes the aspects of research results from the domestic and foreign experts and my own viewpoints;the second part introduces the basic theory of overseas mergers and acquisitions in the financial risk;the third part analyzes the influence factors of the financial risk of overseas mergers and acquisitions;the fourth part takes Lenovo acquisition of Motorola's case practical analysis;The fifth part is puting forward specific measures to deal with the financial risks of enterprises in overseas mergers and acquisitions.The sixth part is concluding remarks.I hope the research result of this paper can provide some reference for the future of China's enterprises in the process of overseas mergers and acquisitions to prevent financial risks,but also for overseas mergers and acquisitions to improve the theory of financial risk.