本文主要研究内容
作者王亚辉（2019）在《宝钢并购武钢财务整合风险控制研究》一文中研究指出：受市场经济由高速增长期向中高速增长期转变的影响,我国钢铁行业也进入经济发展的下行区。产业分散、同质化竞争严重、上下游供需不平衡等问题日益显现,在国家宏观政策的调控下,钢铁行业进行并购重组以摆脱经济困境。企业在并购后实施整合,进行结构调整,从而实现规模经济快速发展。企业并购带来收益的同时也带来较高风险,战略整合风险、市场整合风险、财务整合风险等。相关研究表明财务整合风险导致并购失败的案例较多。可见,控制财务整合风险对于并购成功、改善行业现状具有重要意义。本文主要以宝钢并购武钢事件为研究对象。以财务整合风险的识别为切入点,首先对宝钢股份并购后的财务数据进行分析,证实了宝钢股份并购后各项财务能力得到提升。此外与同行业多家企业的报表数据进行比对,选取特定财务指标进行分析,判定出宝钢股份总体运营效果居于行业中等偏上水平。通过数据分析比对,潜在的财务整合风险逐渐显露,影响着企业的财务状况,债务资本结构失衡导致的偿债风险,设备费用整合不到位蕴藏的盈利风险等。其次采用层次分析法与模糊综合评定法对财务整合风险进行评价,裁定出宝钢股份存在较低的财务整合风险,其主要表现在偿债能力与盈利能力两方面。最后,针对企业存在的风险进行债务调整,资产结构调整等措施进行控制。宝钢股份与武钢股份合并存在的财务整合风险不足以概括整个行业的风险,但是期望今后能够为钢铁企业控制财务整合风险提供参考,较多的关注企业的偿债风险与盈利风险,通过优化债务结构、推行预算管理等措施来提早防范。
Abstract
shou shi chang jing ji you gao su zeng chang ji xiang zhong gao su zeng chang ji zhuai bian de ying xiang ,wo guo gang tie hang ye ye jin ru jing ji fa zhan de xia hang ou 。chan ye fen san 、tong zhi hua jing zheng yan chong 、shang xia you gong xu bu ping heng deng wen ti ri yi xian xian ,zai guo jia hong guan zheng ce de diao kong xia ,gang tie hang ye jin hang bing gou chong zu yi bai tuo jing ji kun jing 。qi ye zai bing gou hou shi shi zheng ge ,jin hang jie gou diao zheng ,cong er shi xian gui mo jing ji kuai su fa zhan 。qi ye bing gou dai lai shou yi de tong shi ye dai lai jiao gao feng xian ,zhan lve zheng ge feng xian 、shi chang zheng ge feng xian 、cai wu zheng ge feng xian deng 。xiang guan yan jiu biao ming cai wu zheng ge feng xian dao zhi bing gou shi bai de an li jiao duo 。ke jian ,kong zhi cai wu zheng ge feng xian dui yu bing gou cheng gong 、gai shan hang ye xian zhuang ju you chong yao yi yi 。ben wen zhu yao yi bao gang bing gou wu gang shi jian wei yan jiu dui xiang 。yi cai wu zheng ge feng xian de shi bie wei qie ru dian ,shou xian dui bao gang gu fen bing gou hou de cai wu shu ju jin hang fen xi ,zheng shi le bao gang gu fen bing gou hou ge xiang cai wu neng li de dao di sheng 。ci wai yu tong hang ye duo jia qi ye de bao biao shu ju jin hang bi dui ,shua qu te ding cai wu zhi biao jin hang fen xi ,pan ding chu bao gang gu fen zong ti yun ying xiao guo ju yu hang ye zhong deng pian shang shui ping 。tong guo shu ju fen xi bi dui ,qian zai de cai wu zheng ge feng xian zhu jian xian lou ,ying xiang zhao qi ye de cai wu zhuang kuang ,zhai wu zi ben jie gou shi heng dao zhi de chang zhai feng xian ,she bei fei yong zheng ge bu dao wei wen cang de ying li feng xian deng 。ji ci cai yong ceng ci fen xi fa yu mo hu zeng ge ping ding fa dui cai wu zheng ge feng xian jin hang ping jia ,cai ding chu bao gang gu fen cun zai jiao di de cai wu zheng ge feng xian ,ji zhu yao biao xian zai chang zhai neng li yu ying li neng li liang fang mian 。zui hou ,zhen dui qi ye cun zai de feng xian jin hang zhai wu diao zheng ,zi chan jie gou diao zheng deng cuo shi jin hang kong zhi 。bao gang gu fen yu wu gang gu fen ge bing cun zai de cai wu zheng ge feng xian bu zu yi gai gua zheng ge hang ye de feng xian ,dan shi ji wang jin hou neng gou wei gang tie qi ye kong zhi cai wu zheng ge feng xian di gong can kao ,jiao duo de guan zhu qi ye de chang zhai feng xian yu ying li feng xian ,tong guo you hua zhai wu jie gou 、tui hang yu suan guan li deng cuo shi lai di zao fang fan 。
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论文作者分别是来自哈尔滨理工大学的王亚辉，发表于刊物哈尔滨理工大学2019-07-29论文，是一篇关于并购论文,财务整合论文,风险识别论文,风险评价论文,风险控制论文,哈尔滨理工大学2019-07-29论文的文章。本文可供学术参考使用，各位学者可以免费参考阅读下载，文章观点不代表本站观点，资料来自哈尔滨理工大学2019-07-29论文网站，若本站收录的文献无意侵犯了您的著作版权，请联系我们删除。
标签：并购论文; 财务整合论文; 风险识别论文; 风险评价论文; 风险控制论文; 哈尔滨理工大学2019-07-29论文;