河南科技大学经济学院阶段论文中国企业跨国并购海外市场进入模式及风险管理分析摘要随着我国经济的发展，越来越多的企业意识到只有“走出去”才能实现做大做强的企业目标。跨国并购无疑是我国企业进入海外市场的一条捷径。进行跨国并购不仅是我国企业发展的需要，更是我国经济发展的需要。这对于增强我国企业的国际竞争力具有重要意义。本文结合我国企业走出的实际案例，分析了我国企业进行跨国并购的必要性。结合我国历年跨国并购的数据和08、09年的主要跨国并购事件总结了当前我国企业跨国并购的动机和主要特点。由于受我国经济发展水平的限制和企业自身原因的影响，当前在我国企业跨国并购过程中充满各种风险。其风险大致可以分为政策风险、财务风险、法律风险、信息风险和并购整合风险五种类型。在风险分析的基础上从政府和企业两个不同的角度提出对策。由于企业是跨国并购风险管理的主体，所以本文侧重从企业角度提出对策。另一方面，跨国并购也不是单纯的企业行为，政府部门要从战略高度关注我国企业的跨国并购，支持我国企业走出去。希望本文对于我国企业正确认识跨国并购过程中的风险并进行风险管理具有指导意义。关键词：跨国并购、中国企业、并购风险、风险管理I河南科技大学经济学院阶段论文TheModelofChineseEnterprisesEnterOverseasMarketsofCross-borderMergersandAcquisitionsandAnalysisofRiskManagementABSTRACTWiththedevelopmentofoureconomy,moreandmoreChinesecompaniesknowthatonlybythewayofgoout,cantheybecomebiggerandstronger.Cross-bordermergersandacquisitionsmaybeashortcuttoenteroverseasmarket.Cross-bordermergersandacquisitionsisnotonlytheneedsofthedevelopmentofChineseenterprises,butitistheneedsofChineseeconomicdevelopment.ItismeaningforenhancingtheinternationalcompetitivenessofChineseenterprises.ThispassageanalysisthenecessaryofChinesecompanytocross-bordermergersandacquisitionsatthebaseoftheexampleofChineseenterprises.Combinedwiththedateofcross-bordermergersandacquisitions,thepassageanalysisofthepurposeandcharacteristicsofChinesecompanycross-bordermergersandacquisitions.Formanyreasons,itisfullofrisksintheprocessofChineseenterprisescross-bordermergersandacquisitions.Theriskcanbedividedintopolicyrisks,financialrisk,legalrisk,informationriskandtheriskofmergerintegration.Atthisbase,Igivesomemeasuresfromtheanglesofgovernmentandcompany.Astheenterpriseisthesubjectofriskmanagementofcross-bordermergersandacquisitions,thispaperfocusesonmoretothecompanyangle.Ontheotherhand,cross-bordermergersandacquisitionsisnotasimplebusinesspractices,governmentshouldpayattentiontoitfromastrategicangle,tosupportChina'senterprisestogoglobal.Ihopethispassagecangivesomehelptoourenterprisesknowingabouttheriskandriskmanagementofcross-bordermergersandacquisitions.KEYWORDS：Chineseenterprises,Cross-bordermergersandacquisitions,Theriskofmergersandacquisitions,RiskmanagementII河南科技大学经济学院阶段论文目录一、我国企业跨国并购的内涵及缺陷........4(一)跨国并购的内涵........................................................................41.跨国并购的含义........................................................................42.我国企业进行跨国并购的意义.............................4(二)我国企业跨国并购的缺陷...........................................51.跨国并购活动过于盲目..................................................52.并购主体过于单一.................................................................73.并购过程中过于看重资源和技术......................74.融资模式过于单一.................................................................7二、我国企业跨国并购面临的主要风险.....8(一)政策风...
