本科论文摘 要海外并购是指某国企业将另一国企业的部分股权或资产收买下来。如今，越来越多的企业选择海外并购，海外并购的案例也越来越多。联想集团在 2004 年通过海外并购取得 IBM 全球 PC 业务之后，又进行了数次海外并购。2011 年 6 月，联想集团海外并购德国 Medion 公司；2012 年 9 月，联想集团先后并购巴西 CCE 公司与美国 Stoneware 公司；2014 年再次并购 IBM 多个部门，同年以 29 亿的价值并购摩托罗拉移动公司；2018 年 7月联想董事柳传志打算以 14.8 亿欧元收购卢森堡银行。联想集团的海外并购在国内属于较早的一批，其成果是显著的，但是也存在一定的风险，海外并购虽然使得联想集团成功打入国际市场，随之也带来了连续几年的亏损结果。不仅如此，多数企业海外并购活动并不顺利，失败常有。我以联想集团海外并购数个案例为例，以“提出问题-分析问题-解决问题”的研究思路，用案例分析法和文献研究法对此并购的风险做出分析。希望通过此次研究分析，能对其他企业海外并购的决策起到一定的借鉴意义。关键词：海外并购；融资风险；政治风险；支付风险本科论文AbstractOverseas M & A refers to the acquisition of part of the equity or assets of another country's enterprises by one country's enterprises. Nowadays, more and more enterprises choose overseas M & A, and there are more and more cases of overseas M & A. Lenovo Group acquired IBM's global PC business through overseas M & A in 2004, and then made several overseas M & A. In June 2011, Lenovo Group acquired German MEDION company overseas; in September 2012, Lenovo Group acquired CCE company in Brazil and stoneware company in the United States successively; in 2014, Lenovo Group acquired multiple IBM departments again, and acquired Motorola mobile company with a value of 2.9 billion in the same year; in July 2018, Liu Chuanzhi, director of Lenovo, intended to acquire Bank of Luxembourg with a value of 1.48 billion euros. Lenovo Group's overseas M & A belongs to an earlier group in China, and its resul...
