企业并购的财务风险及防范

Financial Risk and Prevention of M&A

企业并购,是企业之间兼并和收购行为的总称,即指并购企业通过获取被并购企业一定数量的产权和一定控制权,或者全部产权和全部控制权,从而取得对该企业控制的一种投资行为。据研究表明,并购案例的成功率约为三成,而导致并购失败的根本原因可归结为财务风险。企业要以并购方式完成资产升级和优化,必须重视对并购财务风险的认识和防范。

M＆A, the abbreviation of merger and acquisition, refers to a kind of investment action, throughwhich one enterprise can control another by means of obtaining its part or whole property right and control power.Research has shown that successful rate of M＆A cases is just thirty percent, which is basically triggered by the fi-nancial risk. Thereby, it is necessary for corporations to attach importance to the cognition and prevention about thefinancial risks.