Research on influencing factors of financial risk is conducted on enterprises with M&A of A-share listed companies in China's electronics industry from 2016 to 2020.Z-value is calculated for financial risk assessment.Z-value is used as an dependent variable,and common factors are extracted from financial indicators corresponding to M&A financial risks as independent variables by using factor analysis,and multiple regression analysis is used for final empirical analysis.By identifying influencing factors of financial risks,the research finds that cash payment and debt financing will increase the financial risks of mergers and acquisitions of enterprises in electronics industry,while equity financing and financial integration will reduce financial risks of mergers and acquisitions.Finally,resulting from the conclusion of the study,the feasible suggestions on the financial risk prevention of mergers and acquisitions in electronics industry are put forward.
关键词
企业并购/财务风险/Z值/因子分析
Key words
enterprise mergers and acquisitions/financial risk/Z-socre/factor analysis
维普
万方数据