上市公司跨境并购财务风险及防范研究

Research on Financial Risk and Prevention of Cross-border M&A in Listed Companies

随着我国经济的快速发展,上市公司的实力壮大,以及经济全球化不断加快,我国上市公司的国际竞争力显著增强,在海外市场上进行了大量的跨国并购行为,但带来的财务风险也日渐增加,研究国内上市跨国并购业务存在的财务风险以及防范对策意义重大。从上市公司价值评估、并购融资、资金支付、后期整合等方面分析跨境并购业务存在的主要财务风险,提出制定长远的跨境并购发展战略、聘请中介机构对被并购方做尽职调查、提前制定科学的并购融资方案、采取多种并购融资渠道与方式、根据实际需求选择科学的支付方式、创新资金支付模式、培养高素质专业并购人才、加强并购后的企业文化整合等防范对策。

With the rapid development of China's economy,the strength of listed companies and the acceleration of economic globalization,the international competitiveness of listed companies in China has increased significantly,and a large number of cross-border mergers and acquisitions have been carried out in overseas markets.This paper analyzes the main financial risks of cross-border M&A business from the aspects of value evaluation,M&A financing,fund payment and late integration of listed companies,and puts forward some preventive countermeasures such as formulating long-term cross-border M&A development strategy,engaging intermediary organizations to do due diligence on the M&A parties,formulating scientific M&A financing plan ahead of time,adopting various financing channels and methods of M&A,selecting scientific payment methods according to actual needs,innovating fund payment mode,cultivating high-quality professional M&A talents and strengthening the integration of corporate culture after M&A.