论文部分内容阅读
并购作为企业的一种增长方式,在当今企业增长战略中占据日益重要的地位,多数企业已将并购作为一种低成本、高效率的成长方式,在实践中广为使用。但并购风险不能忽视,尤其是决定并购成败的财务风险,企业并购后的财务风险问题成为普遍关注的焦点。并购是一个复杂的过程,包含若干阶段,通常分为计划决策、交易执行和运营整合三大阶段,各阶段都存在不同的财务风险。
Mergers and acquisitions (M & A), as a kind of growth mode of an enterprise, occupy an increasingly important position in the current business growth strategy. Most enterprises have taken M & A as a low-cost and efficient growth mode and are widely used in practice. However, the risk of mergers and acquisitions can not be ignored, especially the financial risks that determine the success or failure of mergers and acquisitions and the financial risk after mergers and acquisitions become the focus of general concern. M & A is a complicated process, which contains several stages and is usually divided into three stages: planning decision-making, transaction execution and operation integration. Different stages of financial risks exist.