摘要：随着我国经济快速发展，中国企业竞争力不断提升，引发企业纷纷开始拓展海外市场，加快海外并购的脚步，跨国并购的规模也逐渐增大。与 此同时，跨国并购也为企业带来了巨大的风险，因为并购中存在财务风险、信息 风险、法律风险等，其中尤以财务风险为甚，导致中国企业在跨国并购中的成功 率普遍偏低。正是在这样的背景下，有必要深入研究我国企业跨国并购中财务风 险问题。本文以中国海洋石油跨国并购加拿大尼克森公司为例，通过研究企业跨 国并购中可能存在的财务风险，包括并购前的战略决策风险、定价风险、融资及 支付风险和并购后的整合风险。从而对跨国并购中可能存在的财务风险提出有效 的防范措施，以降低企业跨国并购的财务风险，提高企业跨国并购的成功率。
关键词：跨国并购财务风险风险防范
Abstract: With the rapid development of China’s economic and the improvement of competitiveness of Chinese enterprises, causing companies have started to expand overseas market, accelerate the pace of overseas mergers and acquisitions, the scale of cross-border mergers and acquisitions scale increases. At the same time, cross-border mergers and acquisitions also bring a huge risk, because financial risk, information risk, legal risk, such as the presence of mergers and acquisitions, especially the financial risk, leading the low success rate of Chinese companies in cross-border mergers and acquisitions. In this context, it is necessary to study the financial risks of the cross-border mergers and acquisitions of Chinese enterprises in depth. In this paper , basing on the case study takeover of Canadian oil and gas company NexenInc NXY.TO by China national offshore oil corporation, by studying the financial risk which may exist in the cross-border mergers and acquisitions, including the risk of pre-merger strategic decision-making, pricing risk, the risk of financing and payment and after the merger. In order to against possible financial risks in cross-border mergers and acquisitions and reduce the financial risks of cross-border mergers and acquisitions, improve the success rate of cross-border mergers and acquisitions business.
Key word: cross-border M&A financial risk risk prevention
