我国企业并购定价思路的探讨

On Pricing of Enterprise M&A

企业并购交易中的核心问题是并购价格的确定。目前,我国企业并购多以净资产值为定价依据,在实践中造成了国有资产流失等问题。所以,可以根据我国企业不同的经营状况采用不同估值方法,综合考虑并购方承担的债务和人员安置等隐形成本,合理确定并购价格,促成并购交易,以实现国有资产保值增值。

M＆A is an important form in capital market. One of the core problems in M＆A is the price,The companies in China mainly use the value of net assets to measure companies＇ price now, which often leads to the loss of state - owned assets. Different methods of valuation should be used to evaluate eompanies accord to their different outstanding achievement,which also takes accotmt of several connotaive costs. Only in this way can be realized the successful trade and the appreciation of state - owned assets.