Research On Financial Risk Analysis And Prevention Of Enterprise Merger And Acquisition

Mergers and acquisitions play an important role in the diversification of strategic management,through mergers and acquisitions into emerging markets and industries with high technical barriers to entry has a unique advantage of low cost and less time.In recent years,the pursuit of high and new technology and core competitiveness of enterprises under the aggressive state of managers has obviously promoted m&a.However,due to the late start of M&A in China and lack of experience,the success rate of M&A is not high.Among them,financial risk is involved in all aspects of m&a and has a direct and profound impact on M&A.The prevention and control of the financial risk of m&a in China is still in a relatively deficient and weak stage.The research and analysis on this can help enterprises reduce the financial risk of M&A and improve the success rate of M&A.Taking zhuhai gree electric appliances m&a silver long as case study,the first understand the existing research results and related financial theory,then through collecting the merger of all kinds of financial data,using literature research,case analysis,etc.,from the valuation risk,financing risk and payment risk and expected to integrate risk four aspects for further study,multi-angle summarizes the financial risk and the causes of the acquisition,draw the conclusion: Lord and under the circumstances of the short-term fluctuations in value of the enterprise,to estimate the market value of the target enterprise is too high,and the integration of expected risk failing to plan,it is difficult to guarantee the reasonable expected returns,and USES the way of financing and payment overlap and too single,bring the risk of dilution,lead to the overall financial risk is difficult to control,mergers and acquisitions failed to implement.Finally,the paper puts forward some pertinent Suggestions and preventive measures,which are expected to provide reference for future mergers and acquisitions of similar enterprises.Different from most similar case studies,this paper focuses on the study of financial risks in the preparatory stage of merger and acquisition,which can help enterprises rationally select evaluation methods,optimize financing payment plans,enhance the ability to prevent expected integration risks,and improve the expected earnings of merger and acquisition.