企业并购的融资风险及其防范

The Financing Risk of Enterprise Mergers and Acquisitions and Its Prevention

改革开放四十年来,我国经济高速发展。大多数企业的产业结构无法满足完善资本市场的需求,企业开始选择并购方式调整产业结构,优化资源配置以提升自身竞争力。由于并购活动具有不确定性和高风险性,并购的融资环节可能出现的风险会直接影响并购正常运作,因此,需要深入分析融资风险。论文对企业并购融资风险进行分析与研究,并提出并购融资风险的防范措施,以期为企业并购融资及风险防范提供借鉴。

Since the 40 years of reform and opening up,China's economy has developed rapidly.Most enterprises'industrial structure can not meet the needs of perfect capital market.Enterprises begin to choose the way of mergers and acquisitions to adjust the industrial structure and optimize the allocation of resources to improve their competitiveness.Due to the uncertainty and high risk of mergers and acquisitions activities,the possible risk in the financing link of mergers and acquisitions will directly affect the normal operation of mergers and acquisitions.Therefore,it is necessary to deeply analyze the financing risk.This paper analyzes and studies the financing risk of enterprise mergers and acquisitions,and puts forward the measures to prevent the financing risk of enterprise mergers and acquisitions,so as to provide a reference for the financing and risk prevention of enterprise mergers and acquisitions.