企业并购财务风险分析及防范措施

本科毕业论文题目：企业并购财务风险分析及防范措施英文题目：M&AfinancialriskanalysisandpreventiveMeasures学院：会计学院专业：财务管理姓名：姜春腾学号：20110500108指导教师：吕建美2015年1月25日毕业论文独创性声明该毕业论文是我个人在导师指导下进行的研究工作及取得的研究成果。文中除了特别加以标注和致谢的地方外，不包含其他人或其他机构已经发表或撰写过的研究成果。其他同志对本研究的启发和所做的贡献均已在论文中作了明确的声明并表示了谢意。作者签名：日期：年月日毕业论文使用授权声明本人完全了解青岛滨海学院有关保留、使用毕业论文的规定，即：学校有权保留送交毕业论文的复印件，允许被查阅和借阅；学校可以公布全部或部分内容，可以采用影印、缩印或其他复制手段保存该毕业论文。保密的毕业论文在解密后遵守此规定。作者签名：导师签名：日期：年月日摘要在经济全球化的大环境下，企业并购作为一种能够提升企业综合实力的发展策略，逐渐受到了各大企业的欢迎。成功的企业并购可以扩大企业的生产经营规模、实现优质资源的有效利用，扩大企业的市场经营，能够有效的促进经济的增长。但是，企业的并购过程并不是一帆风顺的，在并购的过程中，企业可能会遇到一些风险。这篇论文通过写吉利并购沃尔沃的真实案例，分析了一些具体的风险，以及相应的解决对策，以期能够对企业的发展有所启示。关键词：企业并购财务风险解决对策AbstractUnderthecircumstancesofeconomicglobalization,mergersandacquisitionsasawaytoimproveenterprise'scomprehensivestrengthofthedevelopmentstrategy,graduallygetthewelcomeofthecompanies.Successfulm&acanexpandthescaleofproductionandoperationofenterprisesandtherealizationoftheeffectiveutilizationofhighqualityresources,andexpandtheenterprisemarketmanagement.Itcaneffectivelypromoteeconomicgrowth.However,itisnotplainsailing.Intheprocessofmergersandacquisitions,enterprisemayencountersomerisks.ThispaperbywritinggiovannicobolligigliacquisitionVolvocase,analyzesthespecificrisk,aswellasthecorrespondingsolutionstoprovideenlightenmenttothedevelopmentofenterprises.Keywords:enterprisem&afinancialriskcountermeasures目录本科毕业论文..................................................................................................................................01前言...............................................................................................................................................11.1研究背景和意义........................................................................................................................11.1.1研究背景........................................................................................................................11.1.2研究意义........................................................................................................................11.2企业并购及财务分险概念........................................................................................................21.2.1企业并购概念................................................................................................................21.2.2财务风险概念................................................................................................................22企业并购面临的财务风险分析--------以吉利并购沃尔沃为例............................................32.1双方简介及并购动因................................................................................................................32.1.1吉利简介........................................................................................................................32.1.2沃尔沃简介....................................................................................................................32.1.3并购动因........................................................................................................................42.2并购前的财务风险....................................................................................................................72.2.1并购的目标企业选择不当风险....................................................................................72.2.2并购的时机选择不当风险............................................................................................82.3并购中的财务风险....................................................................................................................82.3.1定价风险........................................................................................................................82.3.2融资风险........................................................................................................................92.3.3支付风险......................................................................................................................102.4并购后的财务风险..................................................................................................................112.4.1并购后企业增加了经营成本，形成经营风险..........................................................112.4.2并购后企业规模扩大，形成运营风险......................................................................123企业并购财务风险的防范措施..................................................................................................123.1并购前投资风险的防范..........................................................................................................123.1.1选择适当的并购目标企业和时机..............................................................................123.1.2全面调查和遴选目标企业..........................................................................................133.2并购中财务风险的防范..........................................................................................................133.2.1定价风险的防范..........................................................................................................133.2.2融资风险的防范..........................................................................................................143.2.3支付风险的防范.......................................................................