| ACKNOWLEDGEMENTS | 第4-5页 |
| ABSTRACT | 第5-6页 |
| 摘要 | 第7-17页 |
| Chapter 1 Introduction | 第17-23页 |
| 1.1 Research Background | 第17-18页 |
| 1.2 Research Significance | 第18-20页 |
| 1.2.1 Theoretical Significance | 第18-19页 |
| 1.2.2 Practical Significance | 第19-20页 |
| 1.3 Research Contents | 第20页 |
| 1.4 Research Methods | 第20-22页 |
| 1.4.1 Literature Research Method | 第21页 |
| 1.4.2 Case Study Method | 第21页 |
| 1.4.3 Financial Index Comparison Analysis Method | 第21页 |
| 1.4.4 Fuzzy Analytic Hierarchy Process Method | 第21-22页 |
| 1.5 Research Structure | 第22-23页 |
| Chapter 2 Literature Review and Theoretical Basis | 第23-30页 |
| 2.1 Definition of Financial Risks of Corporate M&A | 第23-25页 |
| 2.2 Types of Financial Risks of Corporate M&A | 第25页 |
| 2.3 Causes of Financial Risks in Corporate M&A | 第25-27页 |
| 2.4 Identification of Financial Risks in Corporate M&A | 第27-28页 |
| 2.5 Literature Review | 第28-30页 |
| Chapter 3 Case Description | 第30-37页 |
| 3.1 Status Quo of M&A in the Media Industry | 第30页 |
| 3.2 Introduction of the Acquirer Y Company | 第30-32页 |
| 3.3 Introduction of the Acquire A Company | 第32-34页 |
| 3.4 Introduction of the M&A Process | 第34-35页 |
| 3.5 The Financial Risks of Y Company’s M&A | 第35-37页 |
| Chapter 4 Case Analysis | 第37-74页 |
| 4.1 Assessment Methods of M&A Financial Risks | 第37-40页 |
| 4.1.1 Indicator Comparison Analysis Method | 第38页 |
| 4.1.2 Fuzzy Analytic Hierarchy Process | 第38-40页 |
| 4.2 Preliminary Assessment of Financial Risks of Y Company’s M&A | 第40-63页 |
| 4.2.1 Valuation Risks Assessment | 第40-55页 |
| 4.2.2 Financing Risks Assessment | 第55-58页 |
| 4.2.3 Payment Risks Assessment | 第58-61页 |
| 4.2.4 Integration Risk Assessment | 第61-63页 |
| 4.3 Comprehensive Assessment of Financial Risks of Y Company’s M&A | 第63-74页 |
| 4.3.1 Establishing an Index System of Hierarchy Assessment | 第64-65页 |
| 4.3.2 Establishing judgement matrix | 第65-67页 |
| 4.3.3 Single Hierarchical Arrangement and Consistency Test | 第67-69页 |
| 4.3.4 Quantitative Evaluation of M&A Financial Risk | 第69-73页 |
| 4.3.5 Outcome of Y Company’s M&A Financial Risk Assessment | 第73-74页 |
| Chapter 5 M&A Financial Risk-avoiding Measures for Y Company | 第74-80页 |
| 5.1 Conducting Thorough Due Diligence of Target Company | 第74-75页 |
| 5.2 Increasing matching degree of M&A | 第75页 |
| 5.3 Properly Valuating a Company | 第75-76页 |
| 5.4 Trying to Eliminate Information Asymmetry | 第76-77页 |
| 5.5 Enhancing Cultural Integration After M&A | 第77-80页 |
| Chapter 6 Conclusions and Prospects | 第80-82页 |
| REFERENCE | 第82-83页 |
