Replacement Cost Approach And Income Approach To The Assessment Of The Assets Of Non-listed Industrial Impact

Participating in the competitive global economy, China has shifted its focus on quantity growth to quality improvement. Relying on the expansion of industrial scale has become more and more difficult to compete. Instead, restructuring of the resources has gained importance. How to manage a variety of capital, make a reasonable financial evaluation, take the economies of scale, the tax effect, capital flows, and the impact on shareholders and stakeholders into consideration, and finally generate a appropriate valuation method for restructuring have become more and more important.Replacement cost method and income method are the most widely used asset valuation methods. In this thesis, two cases managed by a domestic listed company through its private company's assets and a asset restructuring case in Europe and the U.S. are applied to study the impact of the replacement cost method and income method on stakeholders. Further, it also shows the process of how to play the restructuring game.