Research On The Risk Prevention Of Weibo Precision Goodwill Impairment In The Acquisition Of Anjie Technology At A High Premium

Under the background of the structural reform on the supply side of the country,enterprises have sought to transform and upgrade through mergers and acquisitions,pushing the mergers and acquisitions activities in the capital market to a peak.Although the merger and acquisition activities in the Mergers and acquisitions market were controlled in 2016 under the background of the continuous strengthening of national supervision over the mergers and acquisitions market,the mergers and acquisitions behavior is still hot,and the high premium mergers and acquisitions is everywhere.For the consumer electronics industry,as consumer demand continues to expand,the market prospects are broad,consumer electronics enterprises have also sought their own development opportunities,in order to be able to seize a larger market share,improve their competitiveness to obtain more benefits,and Purchasing enterprises prefer to use the way of high premium mergers and acquisitions to complete mergers and acquisitions activities quickly.Because a reasonable premium can not only improve the success rate of mergers and acquisitions,but also provide a more fair and scientific pricing for both parties,reduce the possible contradictions caused by mergers and acquisitions pricing,but also greatly improve the efficiency of mergers and acquisitions.Goodwill can bring many benefits to the enterprise,but also bring a certain crisis for the future development of the enterprise,too high premium will produce a large amount of goodwill will greatly increase the risk of goodwill impairment.In recent years,the performance of listed companies exploding thunder phenomenon is common,high goodwill is the root cause of the impairment of goodwill,a large amount of goodwill impairment losses Not only makes the enterprise performance decline to bring the management crisis,but also will bring the huge loss to the investor,therefore the goodwill impairment risk also becomes the merger and acquisition market activity focal point.This paper focuses on the risk of goodwill impairment from the perspective of mergers and acquisitions premium,taking the case of high premium mergers and acquisitions Weibo Precision as the research object,deeply studies the potential risk of high goodwill and puts forward corresponding preventive measures.The paper mainly introduces and analyzes from six parts: the first part mainly expounds the background,purpose and significance of the research,introduces the main contents of this study and the relevant research methods adopted.The second part summarizes the domestic and foreign literature and introduces the theory and theoretical basis related to this thesis.The third part uses the case analysis method to study the reason and the reason of the high premium acquisition of Weibo by Anjie Technology The process is introduced to analyze the characteristics of the merger.The fourth part studies the influence of the high premium mergers and acquisitions on the impairment of goodwill and gives an overview of the impairment of goodwill for two consecutive years.The fifth part mainly analyzes the reasons aend economic consequences of the impairment risk of goodwill faced by Anjie Technology.The sixth part focuses on the prevention of goodwill impairment risk and puts forward some feasible suggestions to provide reference for the high premium mergers and acquisitions that are common in the market.Based on the above research,this paper mainly divides the risk prevention of goodwill impairment into three stages: first,risk prevention in the preparation stage of mergers and acquisitions,which should conduct a comprehensive investigation on the mergers and acquisitions enterprises and improve the professional standards of the evaluation institutions;second,risk prevention in mergers and acquisitions stage,rational value assessment,objective and reasonable performance commitment,compensation agreement and payment plan,step-by-step mergers and acquisitions;third,risk prevention in the post-mergers and acquisitions integration stage,cooperative management and continuous monitoring of performance should be strengthened.Therefore,enterprises should implement corresponding preventive measures before,during and after mergers and acquisitions in order to prevent the high premium mergers and acquisitions as effectively as possible goodwill impairment risk.