The Application Of Market Method In The Enterprise Value Evaluation Of Listed Company's Asset Reorganization

With the rapid development of economy in our country,reduction of company establishment conditions,our country's enterprise development speed is also very astonishing,enterprises in order to seek further development,will choose a reorganization of assets,the reorganization of assets has become a major trend for enterprises to seek better development.The number of assets reorganization is increasing,and the demand for enterprise value evaluation is more and more,the method used in our country at present to assess the value of enterprises is the main asset based approach and the income approach,market approach accounts for only a small part of the reorganization of assets evaluation in.The application of market approach has not been paid attention to.The reason is that the market approach started late in our country,The scope of the application is relatively small,and the capital market is still not mature enough.At present,the "People's Republic of China asset appraisal law" has been promulgated and implemented,The assessment of staff in the practice of evaluation methods have higher requirements,with China's capital market is becoming more and more perfect,as the market approach as one of the traditional three assessment methods will be more widely used.Firstly,this artide introduces the research background and significance of the asset reorganization of listed companies.It is believed that with the maturity of China's capital environment,the market approach will be paid more attention to.Then,the paper summarizes the domestic and foreign literature about the reorganization of assets of listed companies and market approach,and explains the basic research methods of the paper,so as to have a preliminary understanding of the whole.Secondly,through the analysis of the relationship between asset reorganization and valuation,and the comparison of the three traditional evaluation methods,we can conclude that the market method has a strong applicability in the valuation of asset restructuring.Secondly,it expounds the basic theory system of market law and the technical difficulties of the market method in asset reorganization.Finally,through the market method to evaluate the company's asset restructuring of the target company,the valuation and the final transaction price comparison,the spread in a reasonable range,indicating that the market approach is feasible and worthy of promotion.Through the analysis on the above discussion of the whole,finally draws the conclusion and Prospect of the study:first,market method in asset reorganization in our country is still restricted;two,the market valuation method of enterprise assets reorganization of the listed company value in China has certain rationality.The inadequacy of the paper lies in the further explanation of the application of the market law,and the research on the factors that restrict the market approach in the reorganization of assets is not thorough enough.