Study of Asset Valuation Issues from the Perspective of Interrogatories
The M&A and restructuring inquiry letter can effectively reduce the information asymmetry between investors and listed companies in the capital market,and is the judgment of experts in various industries based on their professional knowledge and industry experience,which helps to improve the transparency of information.Asset appraisal professionals can study the relevant issues in the inquiry letter to find out the risk points of M&A value assessment and provide useful references for their future projects.Therefore,this paper takes the questions about asset valuation in the inquiry letter as the research object,summarizes and summarizes the rules implied by the inquiry letter,and finds that:the questions about asset valuation raised by the exchange company are both universal and special,which include macro valuation reasonableness issues,and also require the analysis of specific parameters or special matters;there are more questions related to the income approach,which is consistent with the fact that the income approach is used in the pricing of many mergers and acquisitions.The asset-based approach is mainly concerned with the valuation of important assets.The asset-based method mainly involves the legal compliance of important assets and the rationality of related parameters.The market approach has difficulty in determining its parameters,which makes all its parameters will be concerned.This paper studies the problems in the process of asset appraisal practice from the perspective of regulatory inquiries,discovers the existence of patterns,and reminds asset appraisal professionals of the key points they should pay attention to when undertaking projects,which can effectively reduce the risk of asset appraisal practice and is of great practical significance.
Letters of inquiryAsset valuationMerger and acquisition reorganization
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NSTL
万方数据
