摘要：在我国政府实施“走出去”战略的影响下，跨国并购在我国发生的频率也在日益增加，而跨国并购也受到了各方面的关注，要在跨国并购中取得成功就必须要对并购中财务风险进行分析与研究。目前跨国并购在我国发生也比较频繁，并购财务风险产生的主要原因是信息的不对称和一些因素的不确定，跨国并购财务风险的主要分类有由于目标不明确和企业过分自大引起的决策风险，有由于双方信息偏差和评估方法、体系不完善引起的定价风险，融资决策和结构的失误都会给企业带来融资风险，而现金、股票和杠杆等支付手段会给企业带来支付风险，汇率和利率风险是特定于跨国并购存在的，本文也分别从不同的风险简单的介绍了几个案例。跨国并购的财务风险虽是种类繁多，但是我们可以通过制定正确的并购决策，拓宽信息的来源渠道，正确使用评估方法，积极拓宽融资渠道，利用混合支付，有效利用金融工具规避利率和汇率风险等手段来防范跨国并购的财务风险。虽然有这些方法的帮助，我们也必须从众多的并购案例中汲取经验和教训，不断创新和改进，增大跨国并购的成功率。
关键词：跨国并购；财务风险；风险防范
Abstract：under the influence of our government implement of "going out" strategy, the frequency of cross-border mergers and acquisitions occurred in our country is also increasing. Cross-border mergers and acquisitions have also been concerns of all parties, Success in cross-border mergers and acquisitions, it is necessary to the financial risk in mergers and acquisitions Analysis and Research. Transnational cross-border mergers and acquisitions occurred in our country is also more frequent. The main causes of mergers and acquisitions financial risk is the asymmetry of information and something of the uncertainty. Major categories of cross-border mergers and acquisitions of financial risk caused by the target is not clear excessively arrogant and corporate decision-making risk, it has Pricing risk which due to information bias and assessment methods and the system is imperfect. Financing decisions and structure mistakes will bring to the enterprise financing risks, means of payment of cash, stock, and leverage companies will bring the payment risks, exchange rate and interest rate risk is the existence of specific cross-border mergers and acquisitions, this article is also from the different risk a brief introduction a few cases. The financial risk of cross-border mergers and acquisitions is a wide range, but we can develop the right mergers and acquisitions decisions, broaden the sources of information, Proper use of assessment methods, actively expand financing channels, use of mixed payment, effective use of financial instruments to hedge interest rate and exchange rate risk to guard against cross-border mergers and acquisitions of financial risks. Although we have the help of these methods, we must also learn from the experience and lessons learned from a large number of mergers and acquisitions cases, continuous innovation and improvement, increase the success rate of cross-border mergers and acquisitions.
Key words：cross-border mergers and acquisitions；financial risk；risk prevention
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