公司并购中目标公司定价风险的度量及应用  

Assessment of Pricing Risks in M&A

作　　者：孙涛[1] 

机构地区：[1]青岛大学企业理财研究所

出　　处：《证券市场导报》2003年第10期73-75,共3页Securities Market Herald

摘　　要：收购公司应加强风险观念,合理应用风险度量的方法,对目标公司的定价进行有效控制,以降低收购溢价,实现公司的合理并购。Valuation of target companies in mergers and acquisitions is a complicated process, which could be summarized as 'three-section' pricing method, namely valuation-based, pricing-focused as well as arbitrage- and bidding-complemented. With increasing M&As taking place in China securities market, where legislative context is improving, valuation of target companies in terms of pricing and potential risks becomes crucial to minimize chances of failure and improve efficiency and profit outlook of M&A business.

关 键 词：公司并购 目标公司 风险观念 风险度量法 定价管理 收购溢价 

分 类 号：F271[经济管理—企业管理] F276.6[经济管理—国民经济]