Valuation of Target Firms Based on VBM

摘要：

VBM-value based management is a set of complex management mode based on value assessment with the aim of value growth. As a new management concept and system it is drawing more and more attention from academic and business fields. It has made a fundamental change to corporate management mode and financial control procedure. With various financial measures the author here brings some improvements to Asset-based Approach, Discounted cash flow model and Price/earnings rate model which are common value assessment approaches of target firms in M&A through summary of basic features and key factors.

关键词： VBM mergers and acquisitions valuation corporate value

作者: WANG Ying

作者单位: School of Economics and Management, Wuhan University, Wuhan, P.RChiua, 430072

会议类型: 国际会议

会议名称: 2009 International Conference on Growth of Firm and Management Innovation(2009企业成长与管理创新国际学术会议)

会议地点: 北京

会议语种:英文

页码: 380-384

在线出版日期: 2009-09-01（万方平台首次上网日期，不代表论文的发表时间）