企业并购财务风险及其防范-以阿里并购饿了么为例论文设计材料资料.docx

Ⅰ 企业并购财务风险及其防范—以阿里并购饿了么为例 摘要 企业并购是企业扩展扩大经营规模的有效途径之一，企业并购作为一种产权运动形式，已经成为现代企业发展成长的主要方式。近年来，互联网企业之间掀起了一波并购的热潮公司之间出现了并购浪潮。与通过企业自身积累的传统扩张方式相比，与企业的自身积累相比较，并购有显著的具有明显的时间上的优势，能够可以迅速扩大企业规模，协调形成各个环节形成各方面的协同，使企业充分享有规模经济所带来的益好处。与以往企业的传统扩张方式相比，并购可以在短期内凸显其自身的优势，快速扩大企业规模，相互配合。使企业充分的感受到扩大企业规模为其所带来的效益。企业并购已经成为调整经济结构、完善现代企业制度、提高企业竞争力的重要手段。财务风险是企业并购风险的核心，研究互联网企业并购的财务风险，探讨互联网企业财务风险的防控措施具有重要的意义。 本文在研究并购财务风险及其防范的基础上，以阿里巴巴并购饿了么为例，首先，了解研究背景和研究意义。其次，结合国内外的参考文献，研究阿里巴巴并购过程中给企业带来的财务风险。然后继而分析造成引起企业并购财务风险的两个问题存在两个问题，第一是存在价值高估的风险，第二是存在并购整合的风险。并为对互联网企业并购企业风险风的险的防范提出了谨慎地选择并购的时机、选择恰当的评估方法、优化融资渠道以及灵活的选择支付方式等合理性的建议。 关键词：并购，财务风险，阿里巴巴，饿了么，防范措施  Ⅱ The financial risk of enterprise merger and acquisition and its prevention -Take Alibaba for example Abstract Merger and acquisition(M&A) is one of the effectual way for enterprises to scale up. As a basic form of enterprise’s property right change, M&A has become the major way for enterprises to grow. In recent years, Internet firms set off a wave of mergers and acquisitions. Compared with the traditional expansion mode which accumulated by enterprises themselves, M&A has an obvious time advantage, which can rapidly expand the enterprise’s scale and form a synergy of all aspects, enable enterprises to fully enjoy the benefits of economies of scale. M&A has become a powerful tool to adjust the economic structure, improve the modern enterprise system and improve the competitiveness of enterprises. Financial risk is the core of the M&A risk. It is of great significance to study the financial risk of Internet enterprise M&A and discuss the prevention and control measures of Internet enterprise financial risk. Based on the study of the financial risk of M&A and its prevention, This paper takes alibaba's merger and acquisition of eleme as an example. Secondly, based on the references at home and abroad, this paper studies the financial risks brought by Alibaba in the process of merger and acquisition. Thirdly, this paper analysed two problems which caused by the