民营企业海外并购财务风险评价体系的构建
Construction of financial risk evaluation system for overseas M&As of private enterprises
岳宝宏 1何蒙巧1
作者信息
- 1. 北京信息科技大学 经济管理学院, 北京 100192
- 折叠
摘要
以民营企业海外并购为研究对象,在对并购和财务风险的详细文献回顾的基础上,分析海外并购财务风险的影响因素.根据影响因素的隶属关系,构建海外并购财务风险评价体系,包括4个一级指标、11个二级指标和24个三级指标,并通过层次分析法确定各级指标的权重值,找出海外并购财务风险的防范要素.最后,运用构建的评价体系对2015年渤海租赁并购Avolon的财务风险进行评估分析,提出有针对性的风险防控建议.
Abstract
Taking the overseas mergers and acuisitions of private enterprises as the research object, this paper analyzes the influencing factors of financial risks of overseas M&As on the basis of reviewing the detailed literature on M&As and financial risk. According to the subordinate relationship of the influencing factors, the financial risk evaluation system of overseas M&As is constructed, which includes four indexes of the first level, 11 indexes of the second level and 24 indexes of the third level. Through analytic hierarchy process, the weight value of all levels of indicators is determined, and the financial risk prevention factors of overseas M&As are found out.Finally, the financial risk of Bohai Lease Overseas acquisition of Avolon in 2015 is evaluated and analyzed by using the constructed evaluation system, and targeted risk prevention and control suggestions are proposed.
关键词
民营企业/海外并购/财务风险/层次分析法Key words
private enterprise/overseas mergers and acquisitions/financial risk/hierarchy process引用本文复制引用
基金项目
北京市教委科研计划重点项目(SZ201811232027)
出版年
2019
NETL
NSTL
万方数据