Application Research On Market Approach Valuation In Mergers And Acouisitions

In recent years, M&A activity in China is becoming more and more active, and transactions have been expanding. With the deepening of economic globalization, mergers and acquisitions market matures. However, compared with developed countries, the application of market approach in our M&A valuation started late, the application range is relatively small. With the constant improvement of our future capital market and equity market, the market transaction volume and the proportion increases to improve practice quality assessment agencies, the market approach in practice will be more widely used. Therefore, it is necessary to study the theory and timely rich market approach, so that the majority of investors understand the market approach, regulate and guide appraiser valued using the market approach in the merger.In this paper, by combing the relevant literature and theory, based on the use of the status quo of our M&A market approach valuation and assessment with specific cases, the use of some issues at this stage of the market valuation method to study the technical aspects of existence, especially liquidity discount rate for a more comprehensive analysis of specific. Based on the combination of theory and case analysis, we provide a number of recommendations for the practice of market approach. It issues a certain reference value to solve the case of market approach valuation in practice. Market approach for improving the assessment of scientific rationality has some practical significanceThis paper is divided into five parts. The first part is an introduction, to sort out the relevant theoretical results at home and abroad, on the basis of previous studies summarized and discovery. The second part is to assess the value of mergers and acquisitions and the basic theory, the relevant question in this article need to study theoretical groundwork. The third part mainly for the lack of domestic research, on the basis of analysis of the status of the application on the market, based on the existing difficulties in practice, reasonably determine from comparable companies choose the right value ratios, adjusted liquidity and control of the three aspects of a comprehensive analysis of discourse. The fourth part combined with Ping An acquisition of SDB’s specific case, market approach to the process of assessing the practical operation of the specific issues fully explored and summarized. The fifth part summarizes the conclusions of this paper, while applying existing law issues for acquisitions market valuation practice, made a number of further improvement suggestions.