论企业并购的风险与对策

Risk and countermeasure of enterprise merger and acquisition

分析了企业并购的风险来源。力图通过建立数学模型对一项并购交易的参与风险做出评估,并决定风险及收益特征能否适合各自的企业,从而筛选出合适的目标企业,以使并购后的企业实现预期收益的目标,同时将企业并购的风险降到最低,进而来确定合适的投资比率。因此,完善的并购计划,以及对目标公司产业、财务、经营能力等全面的审计是企业并购成败的关键,而对目标公司的价值估算是最为关键的步骤。

This text has analyzed the source of the risk of M&A at first,tries to assess the participation risk of M&A transaction through setting up mathematical model and determine whether risk and the characteristic of the income apply to one`s own enterprises,to choose the suitable goal enterprise and make corporations after merging realize goal of prospective earnings, meanwhile to bring risk of enterprise merger and acquisition down to lowest point,in order to ensure appropriate investment ratio.Therefore,perfecting merger and acquisition plan,comprehensive auditing about goal company's industry, finance and business capacity are the key to success or failure of enterprise merger and acquisition.However value estimate towards goal company is the most essential step.