企业并购相关理论概述.docVIP

目 录 摘要 1 Abstract 2 绪论 3 一、企业并购相关理论概述 3 （一）企业在并购过程中的的概念分类 3 （二）企业并购分类 3 二、企业并购中财务风险的分类 4 （一）被并购企业价值评估风险 4 （二）融资风险 5 （四）并购后整合风险 5 三、万向集团对菲斯科进行收购的实例分析 6 （一）万向集团收购菲斯科现状探究 6 （二）万向集团对菲斯科收购的具体问题分析 7 四、企业收购中财务风险的预防措施 9 （一）目标企业财务情况详细完整分析 9 （二）企业价值评估需要选择科学合理的方法 9 （三）控制流动性风险在最小范围 10 （四）加强杠杆收购中目标企业未来现金流量的平稳性 10 （五）收购后要重视整合工作 11 （六）选择适当的收购方法 11 结论 12 参考文献 14 摘要 西方资本主义国家在全球化经济的的大潮中，发生了五次并购。其企业在资本市场不断扩张，并购规模也由低级走向高级。现如今已经成为走向国际市场的重要方式之一。近年来,我国的企业并购逐步发展活跃，已经成为企业寻求经济效益，扩大再生产，参与国际竞争的有效形式。本文结合万向集团的案例对并购活动进行分析论证。总结出本文的结论观点,概述影响企业并购中财务风险六大因素,及针对财务风险因素提出的应对措施。 关键词：企业并购 财务风险 财务风险管理 Abstract The western capitalist countries in the tide of globalization of economic, happened five times of M A. The continuous expansion of the enterprises in the capital markets, mergers and acquisitions from junior to senior. Has now become one of the most important ways to enter the international market. In recent years, Chinas M a gradually active, has become the enterprise to seek economic benefits, expanded reproduction, the effective form to participate in international competition. The success rate of M A, at present not much success, many companies in this activity has not yet begun to have ended. One of the important reasons, because of mergers and acquisitions of financial risks. How to effectively prevent the financial risk has become urgent to solve the problem of enterprises of our country face. This paper first proposed the question, analysis question, solve the problem and the basic idea, first financial risk exists in the process of mergers and acquisitions of view, and then analyzes the main factors of the formation of the financial risk, and puts forward how to make measures to hedge financial risks. In addition, in the course of study, this paper combines the case of Lenovo Group carries on the analysis proof to the merger and acquisition activity. This paper summarized the conclusion, summarizes the impact of mergers and acquisitions in the financial risk of six factors, and puts