青岛海尔并购通用家电财务风险防范研究摘要从全球视野来看，跨国并购已经成为企业迅速拓展市场份额，实现企业跨区域快速发展的重要途径。与美国及欧洲等发达地区相比，我国企业成功进行跨国并购的案例较为罕见，造成这种现象的主要原因是由于当前我国国内的企业在进行跨国并购的过程当中具有很足阻碍因素，而且在进行的并购过程对于一些财务风险的防范工作亦存在很多不足之处。识别各个阶段的财务风险，做好有效防范措施，对于我国国内企业进行跨国并购当中财务风险的防范具有较高的价值与意义。本文以青岛海尔并购通用家电为例，首先回顾了双方的并购过程，然后分析它们各自的并购动因，最后总结各阶段财务风险防范的优秀经验以及需要改进之处，并对其提出自己的见解。从而为企业跨国并购财务风险防范提供可借鉴经验，提高企业并购各阶段风险防范，提升企业跨国并购的成功率。关键词：青岛海尔，企业跨国并购，财务风险，风险防范ResearchonfinancialriskpreventionofacquisitionofgeneralelectricappliancebyQingdaohaierAbstractFromaglobalperspective,cross-borderM&Ahasbecomeanimportantwayforcompaniestorapidlyexpandtheirmarketshareandachieverapiddevelopmentacrosstheregion.ComparedwithdevelopedregionssuchastheUnitedStatesandEurope,thesuccessrateofcross-borderM&AsinChinaisrelativelylow.ThemainreasonisthattherearestillmanyobstaclesintheoverseasmergersandacquisitionsofChineseenterprises.Therearealsomanyshortcomingsinthepreventionoffinancialrisksintheprocessofmergersandacquisitions.Identifyingthefinancialrisksofeachstageanddoingeffectivepreventivemeasureshaveimportantpositivesignificanceforthepreventionoffinancialrisksofcross-borderM&AinChina.ThisarticletakesQingdaoHaier'sacquisitionofgeneral-purposehomeappliancesasanexample.First,itreviewsthemergerandacquisitionprocessofbothparties,thenanalyzestheirrespectiveM&Amotivations,andfinallysummarizestheexcellentexperienceoffinancialriskpreventionatvariousstagesandtheneedsforimprovement,andputsforwardtheirownopinions.Therefore,itcanprovideexperienceforcorporatefinancialriskpreventionandcontrolofcross-borderM&A,improveriskpreventioninallstagesofM&A,andimprovethesuccessrateofcross-borderM&A.Keywords:Qingdaohaier,Corporatecross-bordermergersandacquisitions,Financialrisk,Riskpreventi目录摘要..................................................IAbstract.............................................II1绪论.................................................11.1研究背景........................................11.2文献综述........................................11.3研究内容思路与方法..............................22并购财务风险理论概述.................................42.1并购财务风险的概念..............................42.2并购财务风险类型的类型..........................42.3并购财务风险的防范措施..........................53青岛海尔并购通用家电概况.............................63.1公司简介........................................63.1.1青岛海尔简介..............................63.1.2通用家电简介..............................63.2并购过程回顾....................................63.3并购动因分析....................................73.3.1青岛海尔并购动因..........................73.3.2通用家电并购动因..........................84青岛海尔并购通用家电存在的财务风险成因以及防范措施...94.1并购准备阶段的财务风险..........................94.1.1投资决策风险以及风险成因..................94.1.2投资决策风险防范措施分析..................94.2并购实施阶段的财务风险.........................104.2.1融资风险以及风险成因.....................104.2.2融资...
