中国民生银行并购美国联合银行财务风险分析

发布时间：2018-01-17 14:13

本文关键词：中国民生银行并购美国联合银行财务风险分析　出处：《吉林财经大学》2017年硕士论文　论文类型：学位论文

【摘要】：随着市场经济与信息技术的不断发展,全球经济一体化格局逐渐形成,不同国家与地区之间的贸易往来日益频繁,跨国、跨区域的货币结算、贷款融资等需求越来越多。尤其是2009年全球金融危机爆发之后,金融格局再度发生显著变化,国家与国家、地区与地区之间的金融壁垒逐渐被打破,外资银行的准入门槛进一步降低,上述种种变化为我国商业银行跨国经营提供良好的条件和途径。我国商业银行纷纷采用跨国并购的方式走出国门,寻找与自身相匹配的并购对象,抓住机遇坚持国际化经营理念,以提升自身在国际金融市场的影响力与品牌形象。但是,跨国经营发展势必产生诸多的不确定性因素,尤其是财务风险更是贯穿并购活动的整个过程,甚至关系着并购活动的成败,稍有不慎就可能导致并购失败。同时,国内外学者研究重点多是并购动因、并购绩效等方面,对于财务风险的理论与实践探索较少,而且现有的商业银行跨国并购案例研究多是成功案例的分析,对于失败案例的研究则是少之又少。因此,本文以民生银行并购美国联合银行事件为案例,经过分析发现财务风险是导致其跨国并购失败的重要因素,通过对并购前、中、后财务风险的探索和分析,为我国更多商业银行顺利完成跨国并购提供参考。本文通过对商业银行跨国并购风险基本理论进行整理和汇总,归纳出本文的理论框架,以此为基础对民生银行并购美国联合银行案例展开分析,对并购过程、并购动机进行全面地阐述并对民生银行并购美国联合银行的财务风险情况进行分析,并对整个并购事件进行评价,强调客观全面评估财务风险具有重要的意义。最后,对全文内容进行总结,为更多商业银行进行跨国并购活动提供参考与借鉴。
[Abstract]:With the continuous development of market economy and information technology, the pattern of global economic integration is gradually formed, and trade exchanges between different countries and regions become more and more frequent, transnational and cross-regional currency settlement. Especially after the global financial crisis broke out in 2009, the financial structure changed significantly again, and the financial barriers between countries, regions and regions were gradually broken down. The entry threshold of foreign banks is further lowered. The above changes provide good conditions and ways for the transnational operation of Chinese commercial banks. Chinese commercial banks have adopted the method of cross-border mergers and acquisitions to go abroad. Looking for M & A objects matching with itself, seizing the opportunity to adhere to the concept of international management, in order to enhance their influence in the international financial market and brand image. The development of transnational operation is bound to produce many uncertain factors, especially financial risks run through the whole process of M & A activities, and even related to the success or failure of M & A activities. At the same time, scholars at home and abroad focus on M & A motivation, M & A performance and other aspects, and less theoretical and practical exploration of financial risk. And the existing case studies of cross-border M & A of commercial banks are mostly the analysis of successful cases, and the research of failure cases is very few. Therefore, this paper takes the case of Minsheng Bank merger and acquisition of United States Bank as a case. After analysis, it is found that financial risk is an important factor leading to the failure of cross-border mergers and acquisitions, through the exploration and analysis of financial risks before, during and after mergers and acquisitions. This paper summarizes the basic theory of cross-border M & A risk of commercial banks and summarizes the theoretical framework of this paper. On this basis, this paper analyzes the case of Minsheng Bank M & A, the process of M & A, the motivation of M & A and the financial risk of Minsheng Bank M & A. The evaluation of the whole M & A event emphasizes the importance of objective and comprehensive evaluation of financial risk. Finally, the content of the full text is summarized to provide reference and reference for more commercial banks to conduct cross-border M & A activities.
【学位授予单位】：吉林财经大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.33;F271;F830.42

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