我国企业并购中的财务问题分析摘要企业并购作为市场经济下的企业行为，是现代企业制度发展到一定阶段的产物，在西方发达国家一百多年的历史上经久不衰，其后有着深刻的经济动机和驱动力，以及政治、社会等多方面的原因。企业并购的浪潮正向全球化推进，当然对我国的经济也造成巨大的冲击和影响。随着我国社会主义市场经济建设步伐的加快及全球经济一体化的影响，越来越多的中国企业开始采用这一资本运营手段来加快企业发展。因此，如何在并购活动中防范财务风险也就成为了学术界和企业界越来越关注的问题。并购作为企业资本运营的一个重要手段，对企业发展有着重要的现实意义。必须对目标企业价值进行合理评估、对并购的主要融资渠道及财务支付方式进行研究。企业并购过程中涉及到许多财务问题，财务问题的解决是企业并购成功的关键。此．有效的财务活动可以使并购效率得到提高，使我国相当一部分企业通过并购提高经济效益，得以长足发展。论文以并购理论为基础，综合运用了项目管理、管理学、市场营销学、会计学、财务分析等多门学科知识，采用文献查阅、归纳总结等方法对企业并购的财务问题进行分析，并提出防范措施。关键词：企业并购，财务，财务风险，财务问题OurcountryenterprisebuysmediumfinancialproblemanalysisAbstractCorporatemergersandacquisitionsastheenterprisebelowmarketeconomybehavior,isthemodernenterprisesystemdevelopmenttoacertainstageoftheproduct,inthewesterndevelopedcountriesformorethanonehundredyearsofhistoryofenduring,ithasprofoundeconomicmotivationanddriveforce,aswellaspolitical,socialandotherreasons.Enterprisemergerandacquisitiontideisadvancedtoglobalization,ofcourse,totheeconomyofourcountryhasalsocausedhugeimpactandinfluence.Alongwithourcountrysocialistmarketeconomytoacceleratethepaceofconstructionandtheinfluenceofglobaleconomicintegration,moreandmoreChineseenterprisesbegintousethecapitaloperationmeanstoacceleratebusinessdevelopment.Therefore,howtoguardagainstfinancialrisksinM&Aactivityhasbecomeacademicgroupandbusinesscirclespaymoreandmoreattentiontotheproblem.Mergersandacquisitionsascompanycapitaloperationisanimportantmeansofenterprisedevelopment,hasimportantpracticalsignificance.Mustbeontargetenterprisevalueandreasonableassessment,theacquisitionofthemainfinancingchannelsandfinancialpaymentof.Themergerprocessinvolvesmanyfinancialproblems.Butfinancialproblemsisthekeyforthesuccessofenterpriseso.Effectivefinancialactivitycanmakethemergerefficiencyisimproved,makeourcountryquitepartofenterprisesthroughmergersandacquisitionstoenhanceeconomicefficiency,rapiddevelopment.Onthemergerandacquisitiontheoryasthefoundation,theintegrateduseoftheprojectmanagement,management,marketing,accounting,financialanalysisandothersubjectsknowledge,basedonliterature,summarizesthemethodssuchasthemergerofthefinancialanalysis,andputsforwardthepreventingmeasures.Keywords:Enterprisemergerandacquisition；Finance；Financialrisk；Financialproblems目录摘要.......................................................................1Abstract....................................................................21企业并购问题研究综述......................................................61.1国外研究现状........................................................61.1.1效率理论.....................................................61.1.2信息与信号理论...............................................61.1.3代理问题和管理者主义理论.....................................61.1.4市场缺陷理论.................................................61.1.5政府干预理论....................................................
