摘要：经济全球化背景下，竞争的加剧成为推动企业并购的主要动因，对于参与激烈市场竞争的企业来说，要想扩大规模，增强实力，实现健康可持续的发展，企业并购就是重要的手段，它不仅能达到优化资源配置、规模经济等效果，而且相对于传统企业发展模式，扩张周期相对较短。我国企业并购起源于改革开放，历史相对较短,市场不成熟等因素导致了国内企业并购的成功率较低。回顾并购在西方世界以及我国的发展历史，会发现存在着大量失败的案例，而仔细分析这些案例不难发现财务风险是决定并购成败的极为重要的因素。本文基于吉利收购沃尔沃的经典案例，对企业并购的财务分析进行剖析并提出相关的防范措施，让国内的企业更多的了解并购时会产生的财务风险，借鉴经验合理规避并购当中所可能遇到的财务风险。
关键词：企业并购 财务风险 吉利公司
Abstract: In the fierce market competition,mergers and acquisitions become the main motivation for participating.Mergers and acquisitions is an important means for expand the scale and enhance their capabilities. Compared to the traditional business model of development, the expansion of the relatively short period in our country's reform and opening originated in mergers and acquisitions, you will find there are a lot of cases of failure, but a careful analysis of these cases is not difficult to find the financial risk is extremely important factor in determining the success or failure of mergers and acquisitions. Based on Volvo's classic case of mergers and acquisitions of financial analysis to analyze and make relevant preventive measures so that domestic enterprises will learn more about financial risk arising when mergers and acquisitions, mergers and acquisitions which draw on the experience that may reasonably avoid encounters financial risk.
Key words: Mergers and acquisitions Financial risk
