摘要
分析了中国农业生产企业并购风险的组成,它主要由战略风险、外部环境风险、交易风险和整合风险4类风险组成,其具体的风险来源有16个。介绍了农业生产企业并购风险评价的具体方法:首先,建立首层和第2层风险因素集,并将并购风险划分为5个级别,根据专家小组的评分建立风险评价矩阵;其次,利用信息熵的思想确定各风险因素的权重;最后,求出风险因素的隶属度向量,构建风险度量矩阵,计算出第2级风险度量向量,并作出风险评价。以中国某农产品加工企业为例,运用模糊数学方法对该企业的并购项目进行了风险评价,结果表明,该并购项目的总体风险较低,可以实施并购。基于模糊数学的并购风险评价方法使评价结果更加客观、可靠,从而能为中国农业生产企业的科学决策提供合理参考。
Composition of merger and acquisition risk of agricultural manufacturing enterprises in China is analyzed, which is mainly strategic risk, external environmental risk, trading risk and integration risk. And there are a total of 16 specific sources of risk. Concrete assessment methods for merger and acquisition risk of agricultural manufacturing enterprises are introduced. Firstly, set up the risk factor sets at first and second layers and divide merger and acquisition risk into 5 layers; establish risk assessment matrix according to the score by expert group. Secondly, determine the weights of the various risk factors by the ideology of information entropy. Finally, find out the subordinated vector of risk factor, construct risk assessment matrix, calculate the seeond grade risk assessment vector and conduct risk assessment. Taking an agricultural manufacturing enterprise as an example, fuzzy mathematics method is used to conduct risk assessment on its merger and acquisition project. Result shows that the overall risk of merger and acquisition project is relatively low, and merger and acquisition can be implemented. Merger and acquisition risk assessment based on fuzzy mathematics has made the assessment result more objective and reliable, so as to provide a reasonable reference for the scientific decision-making of agricultural manufacturing enterprises in China.
出处
《安徽农业科学》
CAS
北大核心
2010年第3期1507-1508,1512,共3页
Journal of Anhui Agricultural Sciences
关键词
并购风险
信息熵
风险控制
Merger and acquisition risk
Information entropy
Risk control
