Dissertation > Excellent graduate degree dissertation topics show

The Rationality of P/B Model Applied in Pricing Foerign M&A of Listed Compannies

Author: WuYouTao
Tutor: GuoGuanFu
School: Zhejiang University of Technology
Course: International Trade
Keywords: P/B Foreign Capital‘M&A Pricing Rationality
CLC: F271;F224
Type: Master's thesis
Year: 2012
Downloads: 93
Quote: 0
Read: Download Dissertation


This paper aims to study how to determine the evaluation of target enterprise value with a reasonable financial index system, how to use the P/B modle to determine the evaluation of target enterprise, and study the rationality of this methord.Through the case study, this paper chose the pharmaceutical industry who had the most merger case in 2004 as the research object, 69 listed companies as the research samples, 5 target enterprise as the study case. The use of factor analysis method is to reduce the dimension and find the common factor. The use of hierarchical clustering of 69 samples is to find the optimum packet of target enterprise.Using the packet‘average P/B to book the target enterprise value.The empirical results show that, the P/B modle is able to evaluation of five cases. The P/B modle and are both able to make a reasonable estimate of next three years‘short-term enterprise value.stock price and the book value of 5 cases are able to assess the price, the market is effective. But in contrast, the meam of 20 trading days‘closing price is more efficient to assess the value in the next three years. The market is effective. Market is more accurate.

Related Dissertations

  1. The Study of Legal Regulation of Transfer Pricing,F275
  2. Study of the Civil Judicial Activism,D926
  3. The Research of Load Pricing Model on Commercial Bank Credit Card,F224
  4. On Introducing Foreign Investment Effect of China’s Commercial Banks,F224
  5. Chinese GEM IPO underpricing phenomenon of empirical research,F832.51
  6. Research on Pricing Strategy of Dual-Channel with Promotional Efforts Dependent Demand,F224
  7. Based on Optimal Exercise Boundary of American Option Pricing’s Numerical Simulation and Analysis,F830.9
  8. The Empirical Study about the Introduction of Hushen300 Stock Index Future Impact on the Pricing Efficiency and Operating Efficiency of the A-share Spot Market,F224
  9. Dynamic correlation study abroad RMB forward market,F224
  10. Manufacturer pricing and service decisions dual channel environment,F406;F224
  11. Research on the Closed-loop Supply Chain in Dual-channel,F224
  12. Research on Product Line Pricing with Consumer Perceived Quality,F274;F224
  13. The Impact of Macro-liquidity on Equity Price in Secondary Market: An Empirical Research Based on Chinese Securities Market,F832.51;F224
  14. An Inquiry into Andre Gorz’s Eco-socialism,X2
  15. Research and Application of Software Price Surveys Method Based on Linear Regression Analysis Technology,F224
  16. The Study of IPO Pricing Efficiency in Different Issuance Ways on Small Plate Stock Market,F832.51
  17. The Pricing Research of Several Types of Barrier Options,F830.9
  18. Comparative Study on the Multiperiod of GEM IPO Pricing Efficiency in China,F832.51
  19. Research on the Rent Pricing of Public Rental Housing in Zhejiang Province,F293.3
  20. Rousseau 's critique of modernity,B565.26
  21. RFID Information Sharing in Supply Chain and Business Valuation Research,F224

CLC: > Economic > Economic planning and management > Economic calculation, economic and mathematical methods > Economic and mathematical methods
© 2012 www.DissertationTopic.Net  Mobile