摘要
通过对我国石油企业十年来跨国并购案例的深入研究,借助层次分析法,在问卷调查的基础上,对我国石油企业跨国并购中的财务风险进行了定性分析和定量分析,结果表明:(1)目标企业定价风险较大、融资渠道狭窄、支付方式单一、并购后的财务整合是财务风险的主要来源,尤其是并购后的财务整合风险常被忽视;(2)层次分析法能够更加直接、客观地进行并购财务风险测评,提供可靠的依据,帮助并购企业做出正确的并购决策。
The dissertation is based on the deep research of Chinese petrochemical enterprises＇ across-border merger and acquisition cases during the past 10 years.According to the analysis of qualitative and quantitative with the hierarchy process and questionnaire,the result shows that.the pricing risk of the target enterprise is higher,the financing channel is narrow,the payment method is limited,and the post merger finance integration is the main source of financial risk,especially post merger financial integration risks always neglected.Furthermore the hierarchy analysis could conduct more objectively and directed post merger financial risk evaluation,provide the reliable basis,and make accurately decision for enterprise merger.
出处
《经济问题》
CSSCI
北大核心
2011年第8期63-68,共6页
On Economic Problems
基金
西安石油大学科技创新基金项目(Z08101)
关键词
石油企业
跨国并购
财务风险
层次分析
petrochemical enterprise
across-border merger andacquisition
financial risk
analytic hierarch process（AHP）
