【摘要】:企业并购有利于深化企业改革,实现资产存量的盘活,因此对我国乃至世界企业的发展发挥着举足轻重的作用。当前企业并购问题均离不开资金问题,融资方式和数量直接影响着企业并购能够取得成效,影响着企业发展潜力。西方发达国家企业并购融资发展较为充分,对于我国而言,企业并购融资发展时间短,难以形成有效的企业并购,其中主要是由于管理体制、金融工具、资本发展环境的影响。因此分析了国外发达国家企业并购运作的要素和方式,并结合我国企业并购融资所存在的问题,分析了具体原因,提出了相应的对策。关键词:企业并购;财务;融资[Abstract]:M&Aisconducivetodeepeningthereformofenterprises,realizeactivateexistingassets,sothedevelopmentofourcountryandeventheworldenterprisesplaysanimportantrole.Thecurrentissueofmergersandacquisitionsareinseparablefromtheproblemoffunds,financingmodeandquantitydirectlyaffecttheenterpriseM&Acanobtainresult,affecttheenterprisedevelopmentpotential.WesterndevelopedcountryenterprisesM&Afinancingsufficientdevelopment,forourcountry,theenterprisemergerandacquisitionfinancingthedevelopmenttimeisshort,itisdifficulttoformaneffectiveenterpriseM&A,whichismainlyduetotheeffectofmanagementsystem,financialtools,thedevelopmentenvironmentofthecapital.Therefore,analyzestheelementsandwayofenterpriseM&Aoperationsofforeigndevelopedcountries,andcombiningwiththeexistingproblemsoffinancingmergersandacquisitionsofChineseenterprises,analysisofthespecificreasons,putforwardcorrespondingcountermeasures.Keywords:mergersandacquisitions;finance;financing目录引言..............................................................................................................................................................1一、企业并购概述......................................................................................................................................1(一)相关概念界定.........................................................................................................................11.企业并购...................................................................................................................................12.企业并购分类...........................................................................................................................13.并购融资...................................................................................................................................1(二)企业并购融资的主要方式.......................................................................................................11.债务性融资..............................................................................................................................12.权益性融资..............................................................................................................................13.混合型融资...............................................................................................................................24.其他融资方式..........................................................................................................................2——二、联想海外并购融资的问题的分析以联想并购IBMPC业务为例............................................2(一)合理确定融资额,对目标企业进行正确估价.......................................................................3(二)选择不同的并购融资方式,拓宽并购融资渠道........................................................