Enterprise Group risk analysis of mergers and acquisitions in the financial
|School||University of Electronic Science and Technology|
|Keywords||merger&acquisition merger&acquisition of group financial risks|
With the development of the world economy, the behavior of the merger&acquisition has playing a more and more important role on the stage of the world economy. As one kind of typical economical organization mode, enterprise group is the outcome of the high developing of socializes manufacture and market economy. Enterprise group has close relationship with merger&acquisition and in our country the establishment and development of an enterprise group are still closely related to merger&acquisition. An successful merger&acquisition will bring tremendous profit which can not be achieved just by the inside increase. But many kinds of research statistics display the high ratio of defeat of merger&acquisition. Therefore, it is helpful for us to analyze and study all kinds of risks in the process of merger&acquisition of the enterprise group, we can take effective measures to avoid the merger&acquisition risks and improve the ratio of success of merger&acquisition.Financial trouble is the core problem of enterprise merger&acquisition and financial risks are also the core risks in the enterprise merger&acquisition. the financial risks of merger&acquisition run through the hole process of enterprise merger&acquisition, it is one of the important factors which influences the merger&acquisition of an enterprise to be successful or not. only when we can realize thoroughly all the financial risks in every stage of merger&acquisition and take relative measures to lower the financial risks to achieve the financial targets, i.e. to perfect the financial situation, improve the value and strengthen the capacity of the enterprise, we can really achieve a successful merger&acquisition to promote the enterprise to develop much better.This essay elaborates the definition and the emerging reason of enterprise group and merger&acquisition. firstly, according to the time sequence of merger&acquisition, there are three stages of merger&acquisition( the preparing stage, the executing stage and combining stage),from the angle of finance, analyze the kinds of existed financial risks and how to confirm and avoid the financial risks in the whole process of enterprise merger&acquisition.