“一带一路”背景下国际并购中的财务风险及防范

XCLW52923  “一带一路”背景下国际并购中的财务风险及防范  (字数：9267)

中文摘要

“一带一路”战略的提出，使得国际经济联系更加紧密，海外投资成为常态，而国际并购成为海外投资最主要的方式。作为“一带一路”战略的发起者，中国对于海外并购的相关支持政策也相继出台和完善。虽然有国家政策的支持，还是会有许多风险可能会导致国际并购的失败。其中，财务风险对海外并购的从开始到结束以及结束后的整合过程都会对影响企业并购结果。所以，对于国际并购中的财务风险进行防范是极其重要的。

本文对于“一带一路”背景下企业进行国际并购存在的财务风险进行了分析，针对存在的财务风险提出解决方法。且对“一带一路”下进行的相关企业国际并购案例进行财务风险分析，对案例中的实际财务情况进行研究，提出相应的风险防范措施。为接下来想要进行海外投资的企业提供一点的借鉴作用，提高企业对国际并购中财务风险防范的能力，使得中国企业能在“一带一路”的发展道路上走得更为顺畅。

关键词：一带一路；海外并购；财务风险；风险防范

abstract

The proposal of "One Belt And One Road" strategy has made the international economy more closely linked, and overseas investment has become the norm, while international m&a has become the most important way of overseas investment. As the initiator of "One Belt And One Road" strategy, relevant supporting policies for overseas m&a in China have been introduced and improved successively. Despite the support of national policies, there are still many risks that may lead to the failure of international m&a. Among them, financial risk will affect the m&a results from the beginning to the end of overseas m&a and the integration process after the end. Therefore, it is very important to guard against financial risks in international m&a.

This paper analyzes the financial risks of international mergers and acquisitions under the background of "One Belt And One Road", and proposes solutions to the existing financial risks. In addition, financial risk analysis is carried out on relevant international m&a cases of enterprises under "One Belt And One Road", the actual financial situation in the cases is studied, and corresponding risk prevention measures are proposed. It can provide some reference for enterprises that want to make overseas investment in the future, improve their ability to prevent financial risks in international mergers and acquisitions, and make Chinese enterprises go more smoothly on the road of "One Belt And One Road" development.

Key words: One Belt And One Road; Overseas mergers and acquisitions; Financial risks; Risk prevention

目录

一、绪论1

（一）选题背景及研究意义1

（二）国内外研究现状分析1

二、跨国并购的财务风险相关概念界定3

（一）并购的概念和类型3

（二）国际并购的概念3

（三）国际并购财务风险的概念3

三、一带一路背景下国际并购中的财务风险问题4

——以复星医药对印度制药公司（Gland Pharma）为例4

（一）复星医药、印度制药公司（Gland Pharma）简介4

（二）复星医药并购Gland Pharma的过程介绍4

（三）、复星医药对Gland Pharma并购的财务风险问题6

四、一带一路背景下国际并购中财务风险形成的原因分析8

（一）政治环境混乱8

（二）意识形态差异大8

（三）国家发达程度低8

（四）资金管控不严且融资规划不完善8

（五）国家大环境不成熟且缺乏经验8

五、一带一路背景下国际并购财务风险的防范9

（一）从国家和企业两个方面预防政治风险9

（二）提前了解当地传统文化和禁忌以及人民的消费习惯和偏好9

（三）灵活利用金融工具规避汇率风险9

（四）针对资金风险应对策略9

（五）注重人才综合素质培养和财务管理制度灵活制定9

结论11

参考文献12