银行国际化并购财务风险评估体系的研究

发布时间：2018-06-06 17:34

本文选题：银行国际化并购 + 财务风险　；参考：《中南林业科技大学》2017年硕士论文

【摘要】：随着全球一体化的不断深入,我国企业国际化进程进一步推进。银行作为我国企业中的一类特殊企业--金融领域核心的企业,必须紧跟其发展步伐,为实现我国国家发展战略目标而服务,必须加大银行对外贸区域进一步渗透,辅助我国企业,比如经常性资本账户的结算,而国际化并购是实现这一宏伟目标的重要组成部分。但是目前全球市场的贸易保护主义抬头,各国经济的发展结构性差异,银行国际化并购面临的环境变得更为复杂了。本文首先回顾了对银行国际化并购风险类型的研究、银行国际化并购财务风险的评估方法的研究以及国内学者对发展中国家银行国际化并购风险的研究;然后根据胥朝阳等学者提出的一切风险最终都会通过影响财务成本而呈现出来,结合前人的研究以及国际化并购理论、政府干预理论、信息不对称理论和风险管理理论等理论基础对我国银行国际化并购面临的财务风险进行了详细的分析。财务风险的来源包括直接因素和间接因素:直接风险因素包括评估定价风险、融资风险、支付风险、财务整合风险和会计操作风险(会计操作风险主要是指银行人员违规操作给银行带来的财务损失风险);间接风险因素包括政治风险、法律风险和经济风险。由于银行国际化并购是两个不同企业之间的事,所以笔者还考虑到目标银行的财务风险也是影响对其评估定价的不可忽略的因素,所以在分析评估定价风险时对评估目标的财务状况作了详细阐述,主要包括四个方面:资本充足性、资本质量、资产流动性和发展能力。再然后,运用层次分析法和专家调查法,建立了包括8个一级指标、18个二级指标和4个三级指标的财务风险评估指标体系,之后对工商银行并购南非标准银行这一具体案例,运用模糊综合评价法对其国际化并购财务风险进行了模糊评价,得出此次国际化并购可行的结论。最后,根据文章发现的问题给出了相关的建议。
[Abstract]:With the deepening of global integration, the internationalization process of Chinese enterprises is further advanced. As one of the special enterprises in our country, which is the core of the financial field, the bank must keep pace with its development. In order to achieve the strategic goal of China's national development, it is necessary to increase the penetration of the banks into the foreign trade areas. To assist Chinese enterprises, such as the settlement of current capital account, international M & A is an important part to achieve this grand goal. But at present, global trade protectionism is on the rise, structural differences in the development of national economies, and the environment facing banks' international mergers and acquisitions has become more complicated. Firstly, this paper reviews the research on the risk types of bank internationalization M & A, the evaluation method of bank internationalization M A financial risk and the domestic scholars' research on the risk of bank internationalization M & A in developing countries. Then, according to Xu Chaoyang and other scholars, all risks will eventually emerge through influencing financial costs. Combined with previous studies and the theory of international mergers and acquisitions, the theory of government intervention, On the basis of information asymmetry theory and risk management theory, the financial risks faced by Chinese banks in international mergers and acquisitions are analyzed in detail. The sources of financial risk include direct and indirect factors: direct risk factors include assessment of pricing risk, financing risk, payment risk, Financial integration risk and accounting operation risk (accounting operation risk mainly refers to the financial loss risk brought by bank personnel illegal operation; indirect risk factors include political risk, legal risk and economic risk. Since the internationalization of bank M & A is a matter between two different enterprises, the author also considers that the financial risk of the target bank is also a factor that can not be ignored to influence the evaluation and pricing of the target bank. Therefore, the financial situation of the evaluation target is described in detail in the analysis and evaluation of pricing risk, including four aspects: capital adequacy, capital quality, asset liquidity and development ability. Then, by using the analytic hierarchy process and the expert investigation method, a financial risk assessment index system is established, which includes 8 first-grade indicators, 18 second-class indicators and 4 third-level indicators. Then, the paper makes a case study of ICBC's merger and acquisition of the South African Standard Bank. The fuzzy comprehensive evaluation method is used to evaluate the financial risk of international M & A, and the conclusion is drawn that this international M & A is feasible. Finally, some suggestions are given according to the problems found in the article.
【学位授予单位】：中南林业科技大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.3;F271

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