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1、我国企业跨国并购的风险及规避摘要近年来,我国国内企业出现了并购外国企业的高潮。借助跨国并购,我国企业可以迅速走进国际市场,参与全球市场的资源配置,获取较大的经济贸易利益。但是跨国并购面临的风险也是巨大的,而且由于我国部分企业国际投资经验匮乏,并购成功率并不高。本文通过对跨国并购理论的阐述,首先引出了跨国并购的动机及其中可能存在的风险;然后介绍我国企业跨国并购面临的风险,根据实际情况,分析了国内外企业参与跨国并购有特殊的必要性和可行性,介绍了企业跨国并购的情况,特别是我国跨国并购的情况;按照两种不同方法对企业跨国并购中可能存在的风险进行分类,并重点分
2、析了我国企业跨国并购中的主要风险;最后分析跨国并购中的遇到风险所采取的风险规避措施以及分别针对跨国并购中的法律风险、财务风险、信息不对称风险以及文化整合风险提出了可行的规避措施。关键词:跨国并购风险风险规避财务风险AbstractInrecentyears,China'sdomesticenterprisesintheacquisitionoftheupsurgeinforeignenterprises.Withcross-bordermergersandacquisitions,China'senterprisescanquicklyentert
3、heinternationalmarket,participationintheglobalmarketallocationofresources,greateraccesstoeconomicandtradeinterests.Butfacingtheriskofcross-borderM&Aisalsogreat,butbecauseofChina'senterpriseslackexperienceininternationalinvestment,mergersandacquisitionssuccessratewasnothigh.Bas
4、edonthetheoryoncross-bordermergersandacquisitions,firstbroughtoutthemotiveandtransnationalmergersandacquisitionsinthepossiblerisksandintroduceChina'senterprisesfacingtheriskofcross-bordermergersandacquisitions,accordingtotheactualsituationofdomesticandforeignenterprisestoparti
5、cipateintransnationalmergersandacquisitionshaveaspecialneedAndthefeasibilityofintroducingacross-bordermergersandacquisitionsofenterprises,inparticular,mergersandacquisitionsinChinaoverthesituationinaccordancewiththetwodifferentmethodsofcross-borderM&enterprisesmayexistintheris
6、kclassification,andfocusedontheanalysisofcross-bordermergersandacquisitionsinChina'senterprisesthemainriskThelastcross-borderM&Analysisofriskfacedbytheriskaversionmeasuresagainsttransnationalmergersandacquisitionsaswellasthelegalrisksandfinancialrisks,theriskofasymmetricinform
7、ationandculturalintegrationofthepossibleriskstocircumventthemeasures.Keywords:Cross-bordermergers&acquisitions(CBM&A)RiskPreventionofriskFinancialrisk目录引言-------------------------------------------------------------1一、跨国并购概论-----------------------------------------------------
8、---2(一)跨国并购的概念-----------------------------------------------