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跨国并购作为企业资本快速积累,赢得超常规发展的有效手段,已经逐渐成为中国企业扩大国际市场份额,获得先进技术和资源,寻求全球化的一种理想方式和选择。但跨国并购由于涉及两个或两个以上国家的企业,并购活动受各国经济政策、投资环境的影响,信息的不对称、汇率的波动、筹资和资金状况的变化以及管理协调和文化整合的变化等,给并购带来了一系列风险,导致并购活动的失败。本文就跨国并购的财务风险进行了分析,并就如何控制和防范财务风险提出了自己的看法。
Cross-border mergers and acquisitions, as an effective means for rapid accumulation of corporate capital and winning extraordinary development, has gradually become an ideal way and choice for Chinese companies to expand their international market share, obtain advanced technology and resources, and seek globalization. However, since cross-border mergers and acquisitions involve companies in two or more countries, M&A activity is affected by the economic policies and investment environment of each country, asymmetric information, fluctuations in exchange rates, changes in funding and funding status, and changes in management coordination and cultural integration. And so on, it brought a series of risks to mergers and acquisitions, leading to the failure of mergers and acquisitions. This paper analyzes the financial risks of cross-border mergers and acquisitions, and puts forward its own views on how to control and prevent financial risks.