企业并购财务风险及其防范 (2)VIP专享

企业并购财务风险及其防范—以阿里并购饿了么为例摘要近年来，互联网公司之间出现了并购浪潮。与企业的自身积累相比较，并购具有显著的时间上的优势，可以迅速扩大企业规模，形成各方面的协同，使企业充分享有规模经济所带来的好处。企业并购已成为调整经济结构、完善现代企业制度、提高企业竞争力的重要手段。本文在研究并购财务风险及其防范的基础上，以阿里巴巴并购饿了么为例，首先，了解研究背景和研究意义。其次，结合国内外的参考文献，研究阿里巴巴并购过程中给企业带来的财务风险。接着，分析了导致企业并购财务风险的两个问题。一是估值过高的风险，二是并购整合的风险。并针对互联网企业并购风险防范提出了谨慎选择并购时机、选择合适的评估方法、优化融资渠道和灵活选择支付方式等合理化建议。关键词：并购，财务风险，阿里巴巴，饿了么，防范措施ⅠThe financial risk of enterprise merger and acquisition and its prevention-Take Alibaba for exampleAbstractHere has been a wave of mergers and acquisitions among Internet companies in recent years. Compared with the accumulation of enterprises,M&A has a significant time advantage, which can rapidly expand the scale of enterprises, form the synergy of all aspects, and enable enterprises to fully enjoy the benefits brought by economies of scale. Mergers and acquisitions have become an important means to adjust the economic structure, perfect the modern enterprise system and improve the competitiveness of enterprises.On the basis of studying the financial risk of M&A and its prevention, this paper takes the merger of Eleme by Alibaba as an example. First, the research background and significance are understood. Secondly, combined with domestic and foreign references, the financial risks brought by Alibaba in the process of merger and acquisition are studied. Then, it analyzes the two problems that lead to the financial risk of merger and acquisition. One is the risk of overvaluation, the other is the risk...