并购是一种商业行为,往往需要大量的资金,以获取商业利润为目的。企业并购涉及的融资风险是其核心问题,并购的融资风险主要是指能否按时足额地筹集到资金保证并购顺利进行。如何利用企业内部和外部的资金渠道在短期内筹集到所需资金是并购活动能否成功的关键,对融资风险的识别和控制也就显得尤为重要。 Mergers and acquisitions are a type of commercial activity that often requires large amounts of capital for the purpose of obtaining commercial profits. The financing risk involved in M ​​& A is its core issue. The financing risk of M & A mainly refers to the ability to raise funds on time and in full to ensure the smooth progress of M & A. How to utilize the internal and external financing channels of enterprises to raise the required funds in the short term is the key to the success of the M & A activities. It is especially important to identify and control the financing risks.