Study on Financial Risks of Enterprises Merge and Acquisition
From the 1990s,M&A activities are developing very fast in China.As an important method of capital expansion,the M&A can really bring about a number of advantages to enterprises development,for example,producing managerial synergies (horizontal M&A),operating synergies (vertical M&A) and financial synergies (mixed M&A).But from the historical data of M&A,it can be seen that successful enterprises M&A are not so many as people expected,some enterprises actually dropped into financial difficulties because of the unsuccessful M&A.Thus,enterprises M&A is just like a double-edged sword,having its benefits,as well as risks.Among the risks,financial risks are the most important factor which affects the success of enterprises M&A.This paper is based on the definition of M&A financial risks,then focus on illustrating the contents of M&A financial risks,specifically including the financial risks of some M&A manners and payment risks.Finally,in order to better guide the enterprises M&A activities,some prevention measures pointing to the above M&A financial risks were proposed.
Enterprises M&A Financial risk Risk prevention
Chen Pinglu Han Zhi
School of Management,Huazhong University of Science and Technology,Wuhan,P.R.China,430074
国际会议
第三届产品创新管理国际会议(The 3rd International Conference on Product Innovation Management)
武汉
英文
2008-10-26（万方平台首次上网日期，不代表论文的发表时间）