互联网公司并购的财务风险研究分析 会计学专业VIP专享

摘 要随着社会的进步，时代的发展，互联网企业如雨后春笋般出现，其中又以网络视频网站最为突出。自 2012 年 3 月 12 日优酷土豆共同宣布将以 100%换股的形式合并后，中国互联网进入了一个互相并购联合的高峰阶段，这不仅让人思考是否互联网企业只有通过合并才能更好地发展。然而提及并购又必须注意到并购活动本身存在着巨大风险，而财务风险又是重中之重。本文共分四个部分，第一部分是对各理论概念进行具体解释，包括并购理论及概念、互联网的特征与发展趋势、并购中财务风险的相关理论、并购中并购企业财务风险的分析内容，方法，进行概述和说明；第二部分是针对于优酷合并土豆进行案例分析，主要是介绍优酷及土豆的相关情况、简述并购过程、对各项具体财务风险进行分析。第三部分是对优酷合并土豆案例中并购企业财务风险分析后存在的问题及相应的对策进行研究。通过分析可知并购企业对目标企业估值过高，存在风险；由于选择的是 100%换股的支付方式，因此在融资和支付两方面风险较低，而通过对各项指标、比率的计算得知并购企业的短期偿债风险较低，长期偿债风险偏高。关键词：新常态；网络保险；网络安全AbstractWith the progress of society and the development of the times, Internet enterprises have sprung up like bamboo shoots after a spring rain, among which network video websites are the most prominent. Since March 12, 2012, Youku Potato announced that it will merge in the form of 100% stock exchange, the Chinese Internet has entered a peak stage of mergers and acquisitions, which not only makes people wonder whether Internet enterprises can develop better only through mergers and acquisitions. However, when referring to mergers and acquisitions, we must pay attention to the huge risks of mergers and acquisitions itself, and financial risks are the most important. This paper is divided into four parts. The first part is a detailed explanation of the theoretical concepts, including M&A theory and concepts, the characteristics and development trend of the Internet, the related theory of financia...