Research On Risk Management Of Merger And Acquisition Loan Of Listed Companies

M & A is a risky capital management activity.It is necessary to set up a scientific and reasonable index system of M & A loan risk in view of the evaluation system of M & A loan risk of listed companies.The M & A loan business is regarded as an independent system,and the uncertainty of measurement system information is discovered by mathematical method.Therefore,the risk of M & A loan of listed companies can be evaluated in a quantitative way,which is helpful to avoid the risks in the M & A loan business of listed companies.By identifying the risk of M & A loan business of listed companies,according to the principle of index screening,this paper selects the more important indexes,obtains the weight of each index,and finally forms the risk evaluation index system of M & A loan business of listed companies.And it is applied to the case of M & A loan for example analysis,based on the existing loan risk evaluation methods,the comprehensive use of DHGF integrated integration algorithm,grey correlation and fuzzy operation of the indicators,finally the risk assessment results are obtained.And puts forward the listed company M & A loan risk prevention suggestion.On the basis of the initial risk evaluation index of M & A loan business of listed companies,this paper,through the design and distribution of questionnaire,carries on the item analysis to the questionnaire result,the overall correlation analysis and the independence analysis of the index.On the basis of the reliability and validity test and the fitting index test of the model,the weight of each index is obtained by using the analytic hierarchy process(AHP).Finally,the risk evaluation index of M & A loan business of listed companies is formed,which includes 6 secondary indexes and 18 tertiary indexes.And applies it to the listed company M & A loan business risk specific case analysis.By analyzing the background,motivation of M & A risk of listed companies,In the process of M & A and the result of M & A,the DHGF integrated algorithm is adopted to classify the evaluation value matrix,and the fuzzy weight matrix is calculated according to the grey weight,and the final risk assessment result is obtained by fuzzy operation.Finally,from the micro level and the macro level,the paper puts forward the corresponding improvement strategy for the commercial bank M & A loan business risk.At the macro level,we should perfect the financial market construction,perfect the corporate governance mechanism,perfect the related laws and regulations of M & A loan and perfect the intermediary service system.At the micro level,we should cultivate advanced risk management culture of M & A loan,perfect the risk management process in each stage of M & A loan of commercial bank.Improve commercial bank information data processing ability,strengthen M & A professional team construction and support the development of financial consultant.