Will the Type of Transaction Influence the Pricing Basis of Mergers and Acquisitions （M＆A）？ Evidence From China＇s Listed Companies  

作　　者：Wang Jingda He Qing 

机构地区：[1]Capital University of Economics and Business, Beijing, China

出　　处：《Journal of Modern Accounting and Auditing》2012年第9期1353-1357,共5页现代会计与审计（英文版）

摘　　要：One of the important functions of assets valuation is to provide a fair value as the basis of mergers and acquisitions （M＆A） pricing. By using the M＆A samples ofchina＇s listed companies, this paper argues that, as the pricing basis, the appraisal value is better than the book value. But the transaction types will influence the function of the appraisal value as the pricing basis. The importance of appraisal value in the pricing of M＆A is significantly different in different types of transactions.

关 键 词：pricing basis transaction types assets valuation 

分 类 号：F271[经济管理—企业管理] TG83[经济管理—国民经济]