Research On Financial Risk Control Of H Technology Cross-border Merger And Acquisition Of Y Company

Recently,with the promotion of our country's Going out and the Belt and Road initiatives,Chinese companies have become increasingly active in the international arena of transnational M&A.Market-oriented overseas M&A have gradually become an important means for domestic enterprises to adjust to the new economic situation and achieve transforming the mode of industrial economice 1 development.How ever,compared with local M&A,cross-border M&A is more complicated.The transaction process is accompanied by various uncertainties.Among the various risks,financial risk is the most prominent and runs through,and ultimately affects the success of the entire M&A activity.In addition,China's cross-border M&A started late,absent the previous five world M&A wave,and relatively inexperienced,so how to effectively identify,assess and control the financial risks of the cross-border M&A process,and then improve the efficiency and success rate of the entire M&A activities is the current stage of China Enterprises face a big problem that they need to solve urgently.This article selects the sensational H Company in 2016 as a case of a small-broad multinational M&A of Y company.Although H Company has achieved industrial transformation through this M&A,high-leveraged huge capital acquisition and a single cash payment method all bury financial security for its future operations.Hidden dangers.The author hopes to establish financial risk management system for cross-border M&A by researching the financial risks of H Company cross-border M&A of Y Company,and to improve the financial risk awareness and management ability of cross-border M&A of Chinese enterprises.This article takes H Company cross-border M&A as an example to explain the theoretical basis,motivations and transaction process of this cross-border M&A,focusing on the analysis of the financial risk factors of H Company M&A activity,focusing on the risk of H Company cross-border M&A service The deficiencies in control finally provide suggestions for improving H Company financial risk control level of cross-border M&A.This thesis can be divided into six parts:The first chapter is an introduction,which explains the research background and meaning,and then introduces the current domestic and foreign research status from the perspective of connotation,identification and evaluation,and control of cross-border M&A financial risks.Then clarifies the research content and methods.Explain the innovative and creative perspectives.The second part is an overview of the financial risks of corporate cross-border M&A.First defined the concepts of corporate cross-border M&A and corporate cross-border M&A financial risk.And then introduces the types of corporate cross-border financial risk.The third part is the case overview of H Company cross-border M&A of Y Company.Introduce the participants of the M&A activity,study the motivations of the M&A of H Company,and describe the M&A process of H Company cross-border M&A of Y Company.The fourth part is H Company financial risk analysis.Discuss the financial risks of H Company in the process of M&A in detail,and study the problem of H Company financial risks control.The fifth part is the suggestions for improving H Company financial risk control measures.The last part is the research conclusions and prospect.The research methods used in this article include case study method and literature research method.The innovation of this article is to try to establish a relatively comprehensive system of financial risk management system for cross-border M&A,using case study method to analyze the financial risks faced by H Company in cross-border M&A at a micro level,pointing out that H Company is controlling financial risks in this M&A.According to the analysis results,it provides targeted improvement suggestions,which are relatively systematic and perfect.