摘要跨国并购成为企业获得生产要素，快速占领各种资源，拓展市场疆域，提高公司管理水平，最终达提高企业整体核心竞争力的一种投资方式。本文以跨国并购中的财务风险为研究对象，简要总结了跨国并购的概念和现状，并以美国传奇影业的并购为具体案例，结合企业在跨国并购中面临的各类财务风险，提出了企业可以利用中介结构，充分了解并购方的状况，然后制定并购战略、选择多样的融资方式、注重并购后的整合等一系列措施，防范财务风险，从而提高跨国并购的成功率。关键词：万达集团跨国并购财务风险AbstractCross-borderM&Ahasbecomeaninvestmentwayforenterprisestoacquireproductionfactors,quicklyoccupyvariousresources,expandmarketterritory,improvecompanymanagementlevelandfinallyachievetheimprovementoftheoverallcorecompetitivenessofenterprises.Takingthefinancialrisksincross-bordermergersandacquisitionsastheresearchobject,thispaperbrieflysummarizestheconceptandcurrentsituationofcross-bordermergersandacquisitions,andtakingthemergerandacquisitionoflegendarypicturesoftheUnitedStatesasaspecificcase,combiningwithvariousfinancialrisksfacedbyenterprisesincross-bordermergersandacquisitions,putsforwardthatenterprisescanmakeuseoftheintermediarystructuretofullyunderstandthesituationoftheacquirers,andthenformulateaseriesofmeasuressuchasmergerandacquisitionstrategy,choosevariousfinancingmethods,andpayattentiontotheintegrationaftermergerandacquisitiontopreventfinancialrisks,soastoimprovethesuccessrateofcross-bordermergersandacquisitions.Keywords:WandaGroupTransnationalmergersandacquisitionsFinancialrisk目录TOC\o"1-2"\h\uHYPERLINK\l_Toc2169一、引言PAGEREF_Toc21691HYPERLINK\l_Toc13605二、跨国并购概述PAGEREF_Toc136051HYPERLINK\l_Toc1321（一）跨国并购理论基础PAGEREF_Toc13211HYPERLINK\l_Toc14391（二）跨国并购含义和类型PAGEREF_Toc143912HYPERLINK\l_Toc1585三、跨国并购中的财务风险PAGEREF_Toc15853HYPERLINK\l_Toc13701四、我国企业跨国并购现状PAGEREF_Toc137014HYPERLINK\l_Toc12204五、万达集团并购传奇影业案例简介PAGEREF_Toc122046HYPERLINK\l_Toc27902（一）并购双方的简介PAGEREF_Toc279026HYPERLINK\l_Toc9509（二）万达并购的动因PAGEREF_Toc95097HYPERLINK\l_Toc4615（三）万达并购的流程简述PAGEREF_Toc46157HYPERLINK\l_Toc6733六、万达集团并购传奇影业所面临的财务风险PAGEREF_Toc67338HYPERLINK\l_Toc10219（一）存在较大的估价风险PAGEREF_Toc102198HYPERLINK\l_Toc4661（二）融资方式单一存在利息支付风险