浅析收益法在外资并购企业估值环节中的应用

随着全球经济一体化进程的不断推进,越来越多的跨国企业通过并购的方式快速进入中国市场,抢占市场先机,占据有利竞争地位。并购定价方式及价格在整个并购过程中处于至关重要地位,往往最终决定外资并购的成与败。该文以近期国有控股公司外资并购实际案例为背景,站在转让方立场上,重点介绍被并购企业估值与谈判定价中收益法的具体应用。

The Application of Income Approach in the Pricing Link of Merges and Acquisitions by Foreign Capitals

Along with the globalization more and more international corporations have entered China's market to grip the advantageous opportunities for expansion.The pricing method and price have pivotal status during the whole process of mergers and acquisitions(M & As).Based on the case study,this paper introduces the application of income approach in the pricing negotiations for M & As by foreign capitals on behalf of Sino enterprises.