I摘 要当前我国经济发展迅速，且随着全球化经济速度的不断加快，给了各行各业发展的契机，企业的发展形式也逐渐向着多样化发展，而企业之间并购重组也是一种十分重要的投资方式，同时也是企业扩大自身规模以及提高其竞争力的有效途径。但是企业并购重组并不是一蹴而就的事情，除了需要调整自身的内部资源以外，还需要寻找合适的资源，并将各种资源进行合理的配置，以此来降低交易成本和投资风险。因此，企业在进行重组并购过程中需要对财务风险进行控制，以此来最大限度的提升企业的重组质量，本文以企业并购的财务风险研究为目的，以华润三九并购桂林天和为案例进行分析，探究其在并购过程中存在的财务风险，主要包含价值评估风险、融资风险、支付风险以及财务整合风险，并从制定财务整合方案、统一财务系统、制定经营战略以及完善激励机制等方面给予控制各类并购风险的建议。从而为我国企业并购财务风险控制提供理论与实践的参考依据。关键词：华润三九；桂林天和；并购；财务风险控制IIABSTRACTThe current rapid economic development in our country, and as the speed of economic globalization accelerating, gave chance in all walks of life development, enterprise development also gradually toward diversified development, merger, acquisition and reorganization among enterprises is also a kind of important investment way, as well as enterprises expand their scale and the effective ways to improve its competitiveness. However, mergers and reorganizations of enterprises are not accomplished overnight. In addition to adjusting their internal resources, they also need to find appropriate resources and reasonably allocate various resources to reduce transaction costs and investment risks. Therefore, the enterprise in the process of restructuring mergers and acquisitions need to control financial risk, in order to maximize the improving the quality of enterprise restructuring, based on the purpose was to provide reference for enterprise mergers and acquisitions of financial risk for CRC lump-sum acquisitio...
