并购非上市企业价值评估方法分析-会计学专业论文.docx

II II Abstract As the economy develops, merger activities have been on the rise, making non-listed companies more and more important and eye-catching in the wave of merger. Therefore, the reasonable assessment of enterprise value has played a decisive role in the success of merger activities. However, as non-listed companies are not traded in the stock market, the quality、quantity and channels of information they acquire are different from those of listed companies, which makes the value assessment of non-listed companies, to some extent, different from that of traditional listed ones. On the other hand, few researchers have studied this subject before. According to the characteristics of China’s capital market and non-listed companies, non-listed companies by studying the advantages and disadvantages of traditional assessment methods, put forward the improvement assessment methods of non-listed companies and application. The research has both theoretical and practical significance. Against such backdrop, the author first conducted a literature review on domestic and foreign non-listed companies and corporate value. With identified value type of a certain company and based on theoretical assessment of the value of targeted company, this thesis discussed major approaches of value assessment of traditional companies. Then, based on the characteristics of non-listed companies, the author drew upon assessment models for traditional companies on discussed the model for non-listed companies, that is，Assets Aggregation Method of non-listed companies、 Income law、Fuzzy Comprehensive Evaluation. The research of Assets Aggregation Method focused liabilities. At last, considering assessment rules for non-listed companies and other factors influencing corporate value, comprehensive value assessment of non-listed companies is conducted by proper methods. Key words: non-listed companies; value assessment; liability assessment PAGE PAGE IV 目 录 HYPERLINK \l _bookmark0 第 1 章 导论1