并购企业的财务风险分析-以联想并购摩托罗拉为例(开题报告,论文11800字)
摘 要
随着我国经济的快速增长和资本市场的逐渐完善的过程中，经营主体并购作为一种资本运营方式，经历了由低级到高级的发展过程。在市场经济条件下，经营主体并购是一种快速扩张行为，是经营主体资本扩张的重要手段，是实现经营主体发展的重要战略，是实现经营主体资源优化配置的有效方式。通过并购，一个经营主体可以影响或控制被并购经营主体，从而增强自身的竞争优势、实现经营主体经营目标等等。同时也是经营主体之间资产重组的重要形式，更是经营主体进行快速扩张的重要途径。从宏观经济角度来看，经营主体并购也是对社会资源进行优化配置的重要手段。
本文首先对有关经营主体并购概念、并购风险及防范相关文献进行了研究，而后对联想集团收购摩托罗拉移动业务的案例进行了全面分析，比较系统的阐述了其经营主体并购情况与并购风险，主要针对经营主体在定价、融资、支付、整合上的财务风险进行了分析，指出了最后针对经营主体的收购财务风险提出了防范措施，也提出了联想集团对收购摩托罗拉移动业务后的整合措施。
关键词：财务风险 并购业务 财务效应
Abstract
with the rapid growth of China's economy and the gradual improvement of the capital market, the main body of the merger and acquisition, as a way of capital operation, has experienced the development process from low to high. Under the condition of market economy, the main business merger is a rapid expansion behavior, is an important means of main business capital expansion, is an important strategy for the development of business entities, is the effective way to achieve optimal allocation of resources of the main business. Through mergers and acquisitions, a business entity can influence or control the main body of the merger, so as to enhance their own competitive advantage, to achieve the main business objectives, etc.. At the same time, it is also an important form of asset restructuring between business entities. From the macroeconomic point of view, the main body of mergers and acquisitions is an important means to optimize the allocation of social resources.
Firstly, the main business of mergers and acquisitions, mergers and acquisitions the concept of risk and prevention of related literature was studied, then the Lenovo acquisition of Motorola's mobile business case analyses, systematically expounds its main business merger and acquisition risk, to business entities in pricing, financing, payment, financial integration the risk analysis, pointed out that according to the main business of the acquisition of the financial risk and puts forward some preventive measures, also put forward the integration measures of Lenovo Group on the acquisition of Motorola's mobile business.
Keywords： Financial risk; merger and acquisition; financial effect
目 录 II
摘 要 III
Abstract IV
一、前言 1
（一）研究背景 1
（二）研究意义及目的 1
（三）研究思路及方法 2
二、并购业务财务风险理论概述 3
（一）并购财务风险的概念 3
（二）IT行业并购财务风险的内容 3
三、联想并购摩托罗拉案例简介 5
（一）联想及摩托罗拉移动公司简介 5
（二）联想并购摩托罗拉过程分析 5
（三）联想并购摩托罗拉的并购绩效分析 6
四、联想并购摩托罗拉的财务风险分析 10
（一）估价风险 10
（二）筹资支付风险 11
（三）收购整合风险 12
五、联想并购摩托罗拉的财务风险控制策略 13
（一）价值评估风险控制 13
（二）筹资支付风险 14
（三）并购整合控制策略 14
六、结论 18
参考文献 19
致 谢 21 |
