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Indexed by:会议论文

Date of Publication:2010-08-24

Included Journals:EI、Scopus

Abstract:How to get the real value of State-owned enterprises in foreign mergers and acquisitions activity, which directly affects not only the success of M&A(mergers and acquisitions) activity but also concerns the protection of national interests. The value of State-owned enterprises was divided into two parts, Self-value and M&A-added value in this paper by using RIV (residual income valuation) model and real options method. This paper used the data of Shenyang Commercial City for empirical analysis. Improvement of RIV model by DuPont analysis system, made more based financial data could be utilized. The real options method analyzed M & A-added value that can not be neglected in equity transfer activity. ? 2010 IEEE.