|Table of Contents|

Application of financial leverage in enterprises M& A and risks(PDF)

《长安大学学报（社科版）》[ISSN:1671-6248/CN:61-1391/C]

Issue:
2006年02期
Page:
48-51
Research Field:
交通运输与经济
Publishing date:
2006-06-20

Info

Title:
Application of financial leverage in enterprises M& A and risks
Author(s):
ZHANG Rong-gang1; 2;  ZHANG Rong-rong3
1. School of Business, Nanjing University, Nangjing 210093, Jiangsu, China; 2. Department of Economics and Trade, Northwest University of Political Science and Law, Xi'an 710063, Shaanxi, China; 3. Department of Finance, Chinese Business View, Xi'an 71006
Keywords:
enterprise economics;  liabilities and merger;  finance leverage;  risk;  resisting strategy
PACS:
F271
DOI:
-
Abstract:
It is important to use financial leverage in the merger and acquisition of enterprises under the circumstances of marketing and strategy. This paper makes use of the game theory and financial risk theory, after assessing the merging progress of financial leverage and the economic effect of the merger, to analyze the process of the merging parties of games in their conflicts, indicating the huge risk of financial leverage under information dissymmetry, and the behavior of game will release or enlarge risks. To make use of the financial leverage in merging, firms must weight the risks in advance, and effectively supervise and control the risks, then the merging can be successful and the firm can be develop healthily.

References:

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Memo

Memo:
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Last Update: 2006-06-20