企业海外并购财务风险研究及防范.pdfVIP

企业海外并购财务风险研究及防范 ——以海尔并购通用家电为例 摘 要 我国经济得到稳定发展，也开始进入全球中心。而我国的企业也紧跟着国家 的步伐，意图在国际上大展身手。企业走向国际的方式主要有两种，一种就是自 身产品外销，另一种就是并购海外企业，使海外产品转变成为自身产品。本文所 探究的案例是到现在为止，我国家电业行业规模最大的海外并购，海尔并购通用 电气的家电业务。 查阅许多文献资料发现，国内大多的并购研究方向依旧停留在国内并购，对 国内企业海外并购则是涉猎不多。因此本篇论文在综合并购理论以及并购财务风 险的基础上，结合国内企业进行海外并购的现状，就海尔并购通用家电这一事件 讨论关于我国企业并购海外企业所存在的风险、导致风险的因素以及防范财务风 险的方法。本文为国内公司参加海外并购的财务风险控制提出具备可执行性以及 量化性的方式，具备较高的借鉴价值。 关键词：海外并购，财务风险，风险管控，中国海尔集团 The financial Risk Research and Preventive measure of overseas mergers and acquisitions ——Based on Haier’s overseas mergers and acquisitions Abstract With rapid economic development，China become the center of the world gradually. The Chinese enterprises also follows the step of the national policy,and want to push themselves forword.There are two main ways for companies to have a place in internation, one is to sell their products abroad, the other way is to buy the overseas companies, so that ehr overseas products become their own products. The example analysed in this paper are the largest overseas acquisition by Chinas home power industry, Haier, of General Electrics home appliances. According to many literatures, most of the research directions of domestic mergers and acquisitions is still domestic mergers and acquisitions, but not many domestic enterprises overseas acquisitions and acquisitions. On the basis of the theory of comprehensive merger and acquisition and the financial risk of merger and acquisition, combined with the present situation of domestic enterprises, this paper discusses the risks, factors that lead to risks and the ways to prevent financial risks in the case of Haiers acquisition of general appliances. This paper provides a strong operational and quantitative method for the financial risk control of Chinese enterprises