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企业并购所引起的财务风险主要是指在并购活动中对目标企业资产价值和盈利能力的评估,以及支付方式、融资方式和财务整合所带来的风险,这些因素由于并购过程中所带来的不确定性,进而会对企业产生直接或间接的冲击。简单的来说财务风险就是企业并购活动带来的所预期的经济收益与其所实现的价值产生严重的负面影响给企业造成财务困境与财务危机。
The financial risk arising from M & A mainly refers to the assessment of the target company’s asset value and profitability in the M & A activity, as well as the risks brought by the payment methods, financing methods and financial consolidation. These factors are due to the merger and acquisition process Uncertainty, in turn, will have a direct or indirect impact on the business. To put it simply, the financial risk is that the anticipated economic benefits caused by M & A activity and its realized value have a serious negative impact on the financial distress and financial crisis caused by the enterprise.