K公司跨国并购的财务风险控制研究

发布时间：2018-05-04 02:06

本文选题：跨国并购 + 财务风险　；参考：《长沙理工大学》2015年硕士论文

【摘要】：在2008年的金融危机之后,中国企业成为世界市场中跨国并购的新贵。在2013年普华永道发布的《2013年企业并购回顾与前瞻报告》中写道,在2013年这一年里,中国海外并购交易的数量达到了272宗,比2012年全年增长了30%。由此可见,我国跨国并购发展得可谓是如火如荼,它已经成为中国企业进行海外投资和增强企业竞争力的重要方式。但是,跨国并购由于受到不同国家的政治经济、行业背景和各项财务变动等的影响,特别容易出现财务风险,所以,控制好跨国并购的财务风险是非常必要的。本文就将通过搞清楚跨国风险的概念,认识跨国风险主要表现在哪几个方面；通过跨国并购风险的识别理论,分清并购准备、实施和整合三个不同阶段会出现的风险,以及相应的解决措施；同时,了解协同理论和财务管理理论,明白如何进行财务风险的防范是最好的。中国K新能源有限公司在2011年成功并购了日本的X工厂,X工厂不仅给K公司带来了利润,也带了更好的专业技术及更大的市场。所以,本文将通过K公司跨国并购X工厂这一案例,研究K新能源有限公司在前期时如何做调查准备,中期如何防范支付风险、定价风险、政策风险,最后如何通过协同理论和财务管理理论,对X工厂进行整合,使其更好地融入K公司。把这一成功案例研究仔细,希望对现有的跨国并购理论进一步深化和验证,可以清楚明白跨国并购应该注意什么问题,如何才可以降低财务风险,帮助有意向对外国企业进行并购的公司或者已经并购了外国企业但正愁于管理的公司提供借鉴,希望中国企业能从成功案例中学习到经验、技巧和手段,参考K新能源有限公司是怎么减少财务风险,并结合自身情况灵活地运用,帮助中国企业通过此能在全球化的市场内更加强大,有更多的收益。
[Abstract]:After the financial crisis in 2008, Chinese enterprises became the new rich in transnational M & A in the world market. In 2013, PricewaterhouseCoopers published the 2013 Review and Outlook report on mergers and acquisitions. In 2013, the number of overseas M & A transactions reached 272, up 30% from the full year of 2012, PricewaterhouseCoopers wrote in its 2013 Review and Outlook report. Therefore, the development of cross-border M & A in China is in full swing, and it has become an important way for Chinese enterprises to invest overseas and enhance their competitiveness. However, due to the influence of political economy, industry background and various financial changes in different countries, cross-border M & A is especially prone to financial risks, so it is very necessary to control the financial risks of cross-border M & A. This paper will make clear the concept of transnational risk, understand the main aspects of transnational risk, identify the risk of transnational M & A risk through the theory of transnational M & A risk, distinguish the risks that will occur in three different stages of M & A preparation, implementation and integration. At the same time, it is best to understand the theory of synergy and financial management and how to prevent financial risks. China's K New Energy Co., Ltd. successfully acquired Japan's X factory in 2011, bringing not only profits, but also better expertise and a larger market. Therefore, this paper will study how K New Energy Co., Ltd., through the case of Cross-border M & A of X Factory, will prepare itself for investigation, how to guard against payment risk, pricing risk and policy risk in the medium term. Finally, how to integrate X factory into K company through the theory of coordination and financial management. By carefully studying this successful case, we hope to further deepen and verify the existing theory of cross-border M & A, so that we can clearly understand what problems should be paid attention to in cross-border M & A and how to reduce financial risks. To help companies interested in mergers and acquisitions of foreign enterprises or companies that have acquired foreign enterprises but are worried about management to learn from the experience, skills and means of successful cases, Referring to how K New Energy Co., Ltd. can reduce financial risk and use it flexibly in its own circumstances, it can help Chinese enterprises to be stronger and more profitable in the global market.
【学位授予单位】：长沙理工大学
【学位级别】：硕士
【学位授予年份】：2015
【分类号】：F271

【相似文献】