The Research Of Human Capital Valuation Assessment In Merger And Acquisition

With the advent of the era of knowledge economy, human capital replaces material capital gradually and becomes an important factor in the business value creation. The focus attention of mergers and acquisitions is from tangible assets to intangible assets, especially human capital. China’s M&A activity is more and more actively in recent years, but the assessment of human capital has not been given sufficient attention, resulting in huge loss of human capital and also makes the enterprise value is not fully reflected in the M&A, which causes a negative impact of merger integration and management. Therefore, the assessment of human capital valuation in M&A needs to attract enough attention and become an urgent theoretical and practical issue.Based on the lessons from the related research, this paper carried out a series of research of human capital valuation assessment in M&A. First analyzed the role and impact of human capital in M&A, and pointed out its importance; subsequently build an assessment model which divides the human capital valuation of M&A into two parts, which proposed a quantitative model and theoretical model respectively:finally, analyze the M&A case of Media and Little Swan using the model.The paper did useful exploration of human capital value assessment in theory and methods, aiming to enrich the valuation method of human capital in M&A and bring attention and effective use for human capital, so that people consciously formed the consciousness of respect for talent.