Evaluation Of Shell Resource Value From The Perspective Of The Backdoor

If the enterprise wants to be more stronger, it must rely on the further development of the multi-level capital market and the development of direct financing system.l However, based on the policy constraints, many companies are difficult to get through the IPO market, so they have through the shell resources to achieve the purpose of indirect listing, shell companies have become very popul ar in the market as a result of the scarcity of resources. In recent years, the state has issued a new policy, such as delisting system normalization, backdoor listing standardization, IP0 suspension and restart, the implementation of the registration syst em and other new policies, from the perspective of the shell side to explore the value of shell resources. In this paper, the shell resource value is divided into three parts, including the backdoor is obtained through the backdoor restructuring of circulation right value, to raise funds investment increased decrease in value and tax preferential policy of tax revenue in the construction of the project. The value of shell resources in the case of Jiangsu Tianying green backdoor Chinese Kejian by these three parts.In this paper, the use of literature analysis, comparative analysis, case analysis of the three methods of shell resource value analysis. In the retrieval of the relevant research literature at home and abroad based on, first sort out the three traditional assessment methods were applied to shell resource value assessment of the limitations, based on proposed three novel methods, including cutting method and real option valuation method and from the angle of the backdoor to explore the value of shel l resources constitute. At last, the paper provides some guidance for the physical operation in the form of case, and points out the deficiency of this paper.