Research On Corporation Merger & Acquisition Financial Risk Management Based On Case Analysis Of YH Group Merger XJ Company

With the development of economic development and market globalization,the existing enterprise management system,profit model and the extensive economic growth mode has been unable to meet the needs of modern economic development.In the face of increasingly brutal and complex competition,more and more enterprises take mergers and acquisitions(M & A)as important means to obtain greater development and industrial diversification.Although M & A can give an enterprise to bring more development opportunities,but M & A is a high risk of enterprise behavior,in mergers and acquisitions in the process,there are various risks,such as environment risk,market risk,system risk,financial risk.As a result of financial centralized business activities and comprehensive response,the risk of mergers and acquisitions in whatever form,will eventually reveal financial information.Therefore,in order to ensure the success of M & A activities,it is necessary to effectively control the risk of M & A,especially the financial risk.In order to make the enterprises recognize the factors that lead to financial risk in the merger process,risk,and establish effective risk management measures to reduce financial risk,increase the possibility of success.In this paper,using the method of case study,the details of YH group mergers and acquisitions XJ company's implementation process,the analysis of YH group mergers and acquisitions XJ company's in the process of the method,from M & A of the preparation stage,implementation stage and integration stage to explore the financial risk existing in the process of mergers and acquisitions,mergers and acquisitions in the process of financial risk,including asymmetric information risk,valuation risk,financing risk,payment risk,operational risk,integration risk.And through the analysis of YH group mergers and acquisitions XJ company's financial risk management measures to of M & A at all stages of the financial risk identification,assessment and control are analyzed.It is found that the M & a successful experience,find out the YH group in the process of mergers and acquisitions XJ company the inadequacy of financial risk control and aiming at the shortages give suggestions for improvement.In the process of case analysis,the combination of theoretical research and case study.Both theoretical analysis and definition of the financial risk of each stage,and combined with the specific case,put forward the method of analysis and control of the financial risk.Also uses the qualitative research method,induces each stage to produce the risk point of the financial risk,in order to be able to pay attention to these risks in the merger and acquisition,and then carries on the control to the financial risk from the source.Mergers and acquisitions of each stage financial risk,this paper from mergers and acquisitions(M & A)process to analyze financial risks in mergers and acquisitions,more comprehensive summary of financial risks,to according to the concrete case to the acquisition of the financial risk of management gives the feasible management method.In the merger and acquisition process,according to the M & A case of mergers and acquisitions may exist in various stages of financial risk through financial risk identification,assessment and control to reduce the possibility of financial risk,pay attention to improve the process of financial risk management control.In focus on financial risk management at the same time,should pay attention to the integration of financial risk management and other risk management,a comprehensive risk management of mergers and acquisitions,increase the likelihood of success of M & A.