Research On Problems Of Payment Type And Transaction Value In M&A

In recent years, enterprise M&A has been developing rapidly. As an effective method in optimizing allocation of resources, M&A was placed an irreplaceable role. As entering WTO, secondary tide will happen. However, there are many incomplete things in M&A, in order to code them, government has established several regulations. New regulations enrich payment type, and take an opportunity for stock M&A. That will impact profoundly stock market, even national economy. In this economy and society background, researching M&A will be more actually significant. So this paper will, from payment type angle, research on problems of payment type and transaction value in M&A, in order to contribute to forthcoming the tide of M&A.Based on payment type, in the paper M&A is divided into cash M&A and stock M&A. And the paper principally researches transaction value on the two payment types. Firstly, domestic concept and motivation of M&A are compared with foreign country. Secondly, this part introduces the theoretical explanation of payment type and explores elements influencing the M&A payment, and researches the decision. Finally, the transaction value of two types is researched. The part of researching stock M&A analyses the principles, methods and models of exchange ratio with a real M&A practice. In the part of cash M&A, the analyzing model of M&A price-Rapport Model is recommended. Considering initiative enterprise and target enterprise, the decision of price both accepted is necessary. That can account for parameter disputed.