Research On The Improved Income Method For Assessed Value Of Assets In X Company's M&A

With the rapid development of economy in our country,the number of enterprises are increasing and the competitions are also intensifying.In order to survive the competition and keep growing,acquisitions,mergers and acquisitions and cooperative activities between enterprises take place constantly.In these economic activities,the valuation of enterprises or asset becomes the key to the negotiations between the partners,and also the basis for bargaining,accurate and reasonable valuation is particularly important.In the existing assessment methods,income method is the most widely used,but it has many problems in assessing emerging industries,enterprises and industries or enterprises that are subject to national policies and regulations and macroeconomic impact,and suffers losses or even failure to acquire,acquire or cooperate as a result of failing to meet the expectations of the assessment after the merger or acquisition.This paper analyzes the hypothesis condition of determining the parameters of the income method through the dispute of asset evaluation in the case of X in order to find applicability issues.Based on the research literature,it is proposed that the influence degree of important influencing factors should be added to the evaluation results to improve the accuracy and rationality of the results.In order to add the influencing factors to the evaluation process,the qualitative factors were quantified by using expert scoring,and the weight of the influencing factors was determined by using the analytic hierarchy process and fuzzy comprehensive evaluation method,quantitative data on the effects of qualitative factors were calculated and the evaluation results under the original assumptions were revised and compared.Based on the analysis,it is noted that these qualitative factors have a great impact on the assessment results in a number of emerging industries,start-ups or in the recessionary phase where they are more strongly influenced by national policies,laws and regulations,macroeconomics,technological developments,life cycle,etc.,and that there has been an improvement in the assessment of returns by adding qualitative factors to the acquisition or cooperation of that type of industry or enterprise,the rationality and accuracy of the results can be improved.If this improved approach is used in future M&A or collaborations to assess the returns,it can reduce the distortion of the assessment due to the influence of some important environmental factors,avoid the failure or unnecessary loss of M & A,and provide a more reliable basis for the judgment of decision makers in quantitative terms.