The Research About Related Issues Of Asset Appraisal In Mergers And Acquisitions

Merger and Acquisition (M&A) is an economic business activity in the development of acountry’s economy, by which, enterprise can reduce operating risks, enlarge the share in the market,enhance the competitiveness and obtain scale effect. Meanwhile, it can also help enterprise topromote adjustment of the industrial structure, optimize the arrangement of resources and establishan orderly competition environment and a modern enterprise system. As an intermediary serviceindustry, asset evaluation plays a very important role in the corporation action of M&A. It not onlyprovides reference for the acquiring company to determine the final price and other decision of M&A, but also acts a successful base for the merger integration. However, there are still many problemsin our country’s assessment work of M&A in the present, which prevent the appraisers to get anobjective and accurate result. Therefore, it has practical meaning to research and discuss assetappraisal in M&A in our country.According to the related questions in the evaluation of assets of mergers and acquisitions, thisarticle discusses as follows: the first part, mainly including the article’s background and significanceand the present research situation; the second part, mainly elaborating the related basic theory of M&A and asset evaluation and analyzing the role of asset evaluation in M&A; the third part,analyzing the existing problems in our country’s M&A evaluation, mainly including three aspects,such as, the evaluation environment, the evaluation subject and the specific contents of evaluation;the fourth part, discussing the measures and suggestions of the problems raised by the third partfrom the appraisal concept, evaluation method, evaluation scope, the evaluation value type, theexperience and lessons to us from both sides by comparing with the theory research and practicedevelopment of M&A evaluation between our country and other western countries; the fifth part,the generalization and summarization and the disadvantages existed in this text.The research value of this text lies in: through detailing analyzing the macro external marketenvironment and the micro internal environment of the enterprise, it points out the specificproblems existed in the evaluation of M&A; against the problems, it puts forward the correspondingcountermeasures and suggestions based on the draw lessons from foreign successful experience ofdeveloped countries so that it can give some advice for the assessment practition of enterprisemergers and acquisitions.