Therefore,РWe can classify financial risks into three categories: pricing, risk and financingРRisk and payment risk.Р1 pricing riskРThe pricing risk mainly refers to the value risk of the target enterprise. That is, the assets of the target enterprise by the acquirerРValue and profitability are overestimated, so that the bid is too high to exceed its own affordability, despite the goalРBusiness is very good, the price is too high can not make the acquirer obtain a satisfactory return. Pricing risk ownerРCome from two aspects:РFirst, the target enterprise's financial statements risk. In the process of mergers and acquisitions, both sides must first determine the targetРM & A prices of enterprises are mainly based on the annual reports and financial statements of the target enterprises. pany