Case Analysis For A Enterprise’s Valuation On The Purpose Of Equity Pledge

In the economic globalization and the macro background of market economy constantly improved, any enterprise, whether through mergers and acquisitions or open market financing, enables the enterprise to do bigger and stronger, cannot leave the money. At policy guidance of the central bank repeatedly cut interest rates and lower the deposit reserve, bigger cash flow comes associated with the risk, so equity pledge become a way of enterprises to obtain capital. As the asset appraisal has extensive reference in enterprise merger, acquisition and reorganization and mortgage debt financial activities, such as the pure market value unable to reveal the special risk factors in these events. At present, the research in this field( "merger, acquisition and reorganization of listed companies marketing research") is very deep, proposed under the specific purpose of merger, acquisition and reorganization of corporate liquidity and control the discount problem. However, the study in the field of mortgage loans and the issuance of the financial activities is less, the evaluation results are usually the market value. It is a short board of study in this field, it is also the key research direction in this paper.The enterprise valuation is based on a specific evaluation purposes and assess the value, it serves all the parties involved in the equity pledge an reference value. Under the background of equity pledge will derive some of the factors affecting enterprise valuation, How to reasonable estimate and valuate a variety of factors during the pledge, which is more scientific and reasonable to estimate the enterprise value is the main line of this article. This article mainly at perspective of equity pledge assessment purpose, based on the main line of case analysis, select the appropriate value type, study the method used to assess the evaluation of the special purpose.