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并购作为一种重要的投资方式,企业并购能够获得其目标的资产及产权,实现一体化经营,进而形成规模经济,因此并购本身就具有战略性意义。并购是一项复杂的经济行为,同时作为当前运用最广泛的产权变动方式和企业交易,它能够令企业快速地资本扩张,进而增强企业在市场上的竞争力。近年来,我国社会经济的较快发展,也让很多企业选择并购的形式来实现企业的资产扩张和规模延伸。中国的企业并购存在并购主体“双元化”、并购资金来源匮乏、并购配套政策不完善等外部制度不足及盲目地追求经营多元化和规模扩张、财务并购弊端突出、受“强弱”并购模式影响深刻等内部操作不足。我国资本运营起步较晚,同时我国的资本市场也存在一定的缺陷,并购在市场环境、理论、实践等方面都不完善,在并购过程中容易出现各种各样的风险,因此,针对我国企业并购过程中可能存在的风险问题进行有效防范对策研究,对企业的发展和我国国民经济的发展起着至关重要的作用。
Mergers and acquisitions (M & A), as an important way of investing, make it possible for M & A to acquire the assets and property rights of its target and realize the integrated management so as to create economies of scale. Therefore, M & A itself has strategic significance. Merger and acquisition (M & A) is a complex economic activity. At the same time, as the most widely used method of property right transfer and business transaction at present, M & A can quicken the capital expansion and enhance the competitiveness of enterprises in the market. In recent years, the rapid social and economic development of our country has also enabled many enterprises to choose the form of mergers and acquisitions to realize their assets expansion and scale extension. Merger and acquisition of China’s mergers and acquisitions exist “dual”, lack of funding sources for mergers and acquisitions, mergers and acquisitions imperfect policies and other external systems and the blind pursuit of diversification and scale of business expansion, prominent drawbacks of financial mergers and acquisitions, by the “strength ”M & A mode has a profound impact on internal operations. China’s capital operation started late, meanwhile, China’s capital market also has some shortcomings. M & A is not perfect in the market environment, theory and practice, and so are all kinds of risks in the course of M & A. Therefore, M & A process may exist in the risk of effective prevention strategies, the development of enterprises and the development of China’s national economy plays a vital role.