| Recently,there is an upsurge of the merge all over the word and more and more cases of merger appear among enterprises.However,it can be seen from the statistics that the success rate of merger between Chinese enterprises is not so high.The analysis shows that one of the reasons for the failure is that two parties of the transaction fail to determine a reasonable price due to the impact of the evaluation results.The rationality of the evaluation results has a very important impact on the success of enterprise M&A,but the evaluation value is usually not equal to the book value.Evaluation increment rate refers to the ratio between the value added and the book value,which can be used as a foundation to measure whether the result of asset evaluation is reasonable or not.As more and more people pay attention to evaluation increment rate,the factors of it also have aroused people’s discussion.The purpose of this paper is to determine the factors of the evaluation increment rate in motor industries.According to establish a model about the factors,I begin the study on the factors of evaluation increment rate in motor industries.I mainly use the empirical study method in this paper.First of all,I made a theoretical analysis about the study.Secondly,I put forward hypothesis according to the analysis.Finally,I regard the cases of motor industry mergers between 2014-2018 as an example,through the regression analysis to determine the impact the influence factors of evaluation increment rate in motor industries and confirmed the evaluation increment rate under the influence of various factors affecting how would change.I also analyze the reasons for the changes.At the end of the study,I get a conclusion: there are many influential factors to evaluation increment rate,such as profitability of the enterprise,type of the merge,evaluation methods.So I think that the evaluation increment rate is not just be influenced by only one factor,but many of them lead to this result.Therefore,we should think of various factors during the valuation,and find appropriate methods to avoid the arbitrariness and the manipulability of evaluation datain the evaluation process.Not only can make the valuation more reasonable,but also can get the mergers’ agreed and make the valuation come true.This study is useful to improve the rationality of the evaluation increment rate and promote the success of the mergers between the enterprise.And it also has an important realistic meaning in standard valuation industry. |
