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最近几年,企业并购在我国越来越频繁,通过成功的并购案例可以看出,其不仅能够扩大企业自身规模,同时还对经济增长模式改变有益。但是不可忽视的是,企业并购同样也是一种高风险的行为,财务效应贯穿整个并购过程,同时决定企业并购是否成功的关键因素就包括财务风险。本文主要通过对双汇国际并购史密斯这个案例的财务效应进行分析研究,指出了这次并购的财务风险,并提出相应的应对策略,以对这次并购的财务效应有更深刻的认识,并结合案例提出了减低甚至规避并购负效应的具体措施。
In recent years, M & A has become more and more frequent in our country. Through the successful M & A cases, we can see that it not only can expand the scale of the enterprise itself, but also benefit the change of the economic growth mode. However, it can not be ignored that M & A is also a high-risk activity. The financial effect runs through the M & A process. The key factors that determine the success of M & A include financial risk. This article mainly analyzes and studies the financial effect of this case of Shineway International M & A, points out the financial risk of the M & A and puts forward corresponding coping strategies to gain a deeper understanding of the financial effect of the M & A, combining with the case Put forward specific measures to reduce or even circumvent the negative effect of mergers and acquisitions.