企业并购中的财务风险研究.doc
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企业并购中的财务风险研究,12000字自己的原创毕业论文，仅在本站独家提交，大家放心使用摘要在我国不断推进企业改革的今天，随着经济全球化的发展，企业之间的并购活动已经呈现越来越频繁的趋势。但是，国外对于企业并购实务和理论相关的研究已经远远领先我们，尤其是在企业并购财务风险研究的领域上，已经取得了很大的进展。由于我国研究的...
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企业并购中的财务风险研究
12000字
自己的原创毕业论文，仅在本站独家提交，大家放心使用
摘 要
在我国不断推进企业改革的今天，随着经济全球化的发展，企业之间的并购活动已经呈现越来越频繁的趋势。但是，国外对于企业并购实务和理论相关的研究已经远远领先我们，尤其是在企业并购财务风险研究的领域上，已经取得了很大的进展。由于我国研究的落后已经严重影响了企业并购的健康快速发展，因此迫切需要加快对并购财务风险的研究。
首先，在前人的理论和社会实践的基础上对并购的相关概念进行具体的定义，分析了并购可能给企业带来的各种形式的风险，并根据并购过程对财务风险进行分类，而后对各种财务风险进行分别进行深入分析，继而提出具体的控制举措和意见。
本文分五个部分：
第一部分是企业并购和并购财务风险的相关理论。首先对企业并购的概念进行定义；继而对并购中的风险一一进行分类，并从中引出并购风险中最重要的一种风险——财务风险；最后，介绍了并购的财务风险的概念和表现以及并购财务风险的基本内容。
第二部分是对企业并购中的价值评估风险进行分析。首先介绍了目标企业价值评估的方法，然后分析了造成风险的原因，最后说明了防范风险的方法。
第三部分是对企业并购融资与支付中存在的财务风险及原因进行剖析。从企业并购融资与支付的方式开始介绍，然后分析了造成风险的原因，最后提出了防范风险的方法。
第四部分对公司并购整合期财务风险的控制对策进行分析。对公司并购中整合期财务风险产生的原因进行分析，提出了对整合期财务风险进行控制的对策。
第五部分结论。总结了全文的内容、概括了本文提出的论点，并提出了展望和不足。
关键词：企业并购，财务风险，财务整合，融资支付
ABSTRACT
Continuously push forward the reform of enterprises in our country today, with the development of economic globalization, mergers and acquisitions between enterprises has showed a trend of more and more frequent. M&A practice and theoretical research, however, has the very big disparity compared with foreign country, the gap is particularly reflected in mergers and acquisitions of financial issues, which has seriously affected the healthy and rapid development of our country enterprise M&A.
This paper based on the previous theory and social practice to specific definition of related concepts of M&A, analyzes the mergers and acquisitions may bring all kinds of financial risk, and according to the process of mergers and acquisitions of financial risk classification, and then respectively, in-depth analysis of all kinds of financial risk, and puts forward specific control measures and suggestions.
This article is divided into five parts:
The first part is the financial risk of the enterprise form of mergers and acquisitions and mergers and acquisitions related theory. First of all to define the concept of mergers and acquisitions; And then classify the risk in M&A, and lead to M&A risk in one of the most important risk, financial risk; Finally, this paper introduces definition of mergers and acquisitions of financial risk and identify the basic content of financial risk and M&A.
The second part is to analyze the value assessment of risk of mergers and acquisitions. First introduced the target enterprise value eva luation methods, then analyzes the causes of the risk, risk prevention methods were illustrated finally.
The third part is to the enterprise M&A financing and payment of financial risk and the reasons are analyzed. From the first introduced the way of M&A financing and payment, and then analyzes the causes of the risk, the risk prevention methods are put forward.
The fourth part of the financial risk of company merger integration phase control countermeasures were analyzed. For company mergers and acquisitions in the integration phase of the causes of financial risk analysis, put forward the countermeasures of the integration phase of the financial risk control.
The fifth part conclusion. Summarizes the full text and summarized in this paper, the content of the thesis, and put forward the prospects and the insufficiency.
Key words： M&A , financial risk ,financial integration, finance to pay
目 录
前 言 - 1 -
1企业并购及其财务风险概述 - 1 -
1.1 企业并购概述 - 1 -
1.1.1企业并购的涵义 - 1 -
1.2 企业并购风险概述 - 3 -
1.2.1 企业并购风险的涵义 - 3 -
1.2.2 企业并购风险的类别 - 3 -
1.3.1 企业并购财务风险的概念界定 - 4 -
1.3.2 企业并购财务风险特征 - 4 -
1.3.3 企业并购财务风险的主要内容 - 5 -
2 目标企业价值评估风险及其防范 - 6 -
2.1 目标企业价值评估方法 - 6 -
2.1.1折现现金流法 - 6 -
2.1.2市盈率法 - 7 -
2.1.3 成本法 - 7 -
2.2 目标企业价值评估风险及成因分析 - 8 -
2.3 目标企业价值评估风险的防范 - 8 -
2.3.1 改变信息不对称，提高信息质量 - 8 -
2.3.2 选择适当的价值评估方法 - 8 -
3 企业并购融资与支付风险及其防范 - 9 -
3.1 企业并购的融资与支付风险的表现 - 9 -
3.2 企业并购的融资与支付风险的防范 - 9 -
3.2.1 企业融资风险的防范 - 9 -
3.2.2 企业并购支付风险的防范 - 10 -
4 企业并购整合期风险及其防范 - 11 -
4.1 企业并购整合期风险的表现 - 11 -
4.2 企业并购整合期风险的防范 - 12 -
结束语 - 13 -
致谢 - 14 -
12000字
自己的原创毕业论文，仅在本站独家提交，大家放心使用
摘 要
在我国不断推进企业改革的今天，随着经济全球化的发展，企业之间的并购活动已经呈现越来越频繁的趋势。但是，国外对于企业并购实务和理论相关的研究已经远远领先我们，尤其是在企业并购财务风险研究的领域上，已经取得了很大的进展。由于我国研究的落后已经严重影响了企业并购的健康快速发展，因此迫切需要加快对并购财务风险的研究。
首先，在前人的理论和社会实践的基础上对并购的相关概念进行具体的定义，分析了并购可能给企业带来的各种形式的风险，并根据并购过程对财务风险进行分类，而后对各种财务风险进行分别进行深入分析，继而提出具体的控制举措和意见。
本文分五个部分：
第一部分是企业并购和并购财务风险的相关理论。首先对企业并购的概念进行定义；继而对并购中的风险一一进行分类，并从中引出并购风险中最重要的一种风险——财务风险；最后，介绍了并购的财务风险的概念和表现以及并购财务风险的基本内容。
第二部分是对企业并购中的价值评估风险进行分析。首先介绍了目标企业价值评估的方法，然后分析了造成风险的原因，最后说明了防范风险的方法。
第三部分是对企业并购融资与支付中存在的财务风险及原因进行剖析。从企业并购融资与支付的方式开始介绍，然后分析了造成风险的原因，最后提出了防范风险的方法。
第四部分对公司并购整合期财务风险的控制对策进行分析。对公司并购中整合期财务风险产生的原因进行分析，提出了对整合期财务风险进行控制的对策。
第五部分结论。总结了全文的内容、概括了本文提出的论点，并提出了展望和不足。
关键词：企业并购，财务风险，财务整合，融资支付
ABSTRACT
Continuously push forward the reform of enterprises in our country today, with the development of economic globalization, mergers and acquisitions between enterprises has showed a trend of more and more frequent. M&A practice and theoretical research, however, has the very big disparity compared with foreign country, the gap is particularly reflected in mergers and acquisitions of financial issues, which has seriously affected the healthy and rapid development of our country enterprise M&A.
This paper based on the previous theory and social practice to specific definition of related concepts of M&A, analyzes the mergers and acquisitions may bring all kinds of financial risk, and according to the process of mergers and acquisitions of financial risk classification, and then respectively, in-depth analysis of all kinds of financial risk, and puts forward specific control measures and suggestions.
This article is divided into five parts:
The first part is the financial risk of the enterprise form of mergers and acquisitions and mergers and acquisitions related theory. First of all to define the concept of mergers and acquisitions; And then classify the risk in M&A, and lead to M&A risk in one of the most important risk, financial risk; Finally, this paper introduces definition of mergers and acquisitions of financial risk and identify the basic content of financial risk and M&A.
The second part is to analyze the value assessment of risk of mergers and acquisitions. First introduced the target enterprise value eva luation methods, then analyzes the causes of the risk, risk prevention methods were illustrated finally.
The third part is to the enterprise M&A financing and payment of financial risk and the reasons are analyzed. From the first introduced the way of M&A financing and payment, and then analyzes the causes of the risk, the risk prevention methods are put forward.
The fourth part of the financial risk of company merger integration phase control countermeasures were analyzed. For company mergers and acquisitions in the integration phase of the causes of financial risk analysis, put forward the countermeasures of the integration phase of the financial risk control.
The fifth part conclusion. Summarizes the full text and summarized in this paper, the content of the thesis, and put forward the prospects and the insufficiency.
Key words： M&A , financial risk ,financial integration, finance to pay
目 录
前 言 - 1 -
1企业并购及其财务风险概述 - 1 -
1.1 企业并购概述 - 1 -
1.1.1企业并购的涵义 - 1 -
1.2 企业并购风险概述 - 3 -
1.2.1 企业并购风险的涵义 - 3 -
1.2.2 企业并购风险的类别 - 3 -
1.3.1 企业并购财务风险的概念界定 - 4 -
1.3.2 企业并购财务风险特征 - 4 -
1.3.3 企业并购财务风险的主要内容 - 5 -
2 目标企业价值评估风险及其防范 - 6 -
2.1 目标企业价值评估方法 - 6 -
2.1.1折现现金流法 - 6 -
2.1.2市盈率法 - 7 -
2.1.3 成本法 - 7 -
2.2 目标企业价值评估风险及成因分析 - 8 -
2.3 目标企业价值评估风险的防范 - 8 -
2.3.1 改变信息不对称，提高信息质量 - 8 -
2.3.2 选择适当的价值评估方法 - 8 -
3 企业并购融资与支付风险及其防范 - 9 -
3.1 企业并购的融资与支付风险的表现 - 9 -
3.2 企业并购的融资与支付风险的防范 - 9 -
3.2.1 企业融资风险的防范 - 9 -
3.2.2 企业并购支付风险的防范 - 10 -
4 企业并购整合期风险及其防范 - 11 -
4.1 企业并购整合期风险的表现 - 11 -
4.2 企业并购整合期风险的防范 - 12 -
结束语 - 13 -
致谢 - 14 -
