Financing Way And Performance Appraisement Of Corporation Combine

Since 1990s,under the tendency of the economic globalization, the close attention of Mergers & Acquisitions(M&A) is paid gradually by the world as an effective way of expanding market share rapidly, forming scale effect, and optimizing capital structure.M& A is a complex and systematical process. Financing is the most important in the implementation of M&A, which has been up to the level of development stratagem form the strategy level. In the activities of M&A ,the company may adopt various financing methods. If the company can choose appropriate one in line with its characteristics, it may get twice the result which half the effort; otherwise, the company may bear the heavy burden of debt and even exert ill effect on normal production and management. Therefore, suitable financing method and scientific strategy are important issues that should be focused on.The full text is total to is divided into five, ex- two introduce and buy the margin and buy research background, meaning and domestic and international research present conditions of the results evaluation also respectively, and buy the margin outlet and various buy the margin method also in a specific way. The textual point follows the capital structure in three, four and five excellent principle for turn, be worth the guide line of maximize the target in the business enterprise under, pass the combination analysis to various margin method, insure with the lowest capital cost margin. In margin make policy, discover the place of the EBIT- EPS method existence shortage, because should look for a kind of lately analytical method, can compare analyzes the businessenterprise and buys the margin for science ground in of superior capital structure, can overcome the irregularity of the EBIT- EPS analysis method existence availably. In the company margin structure, combine to buy to invest the will and buy of the results to exist the obviously related relation also, the margin structure affects the company and the results evaluation problem for buy directly. Because lacking the business enterprise ownership of a share capital cost information, traditional buy the results to measure the index sign and can't reflect the business enterprise and buy the result accurately also. Create the value evaluation system matches the economics in the essence of the economic profits, suiting to be the business enterprise and buy the evaluation foundation of the results particularly.