Evaluation of Shell Resource —Based on GF Securities Acquiring Yanbian Road
Listed companies can get huge fundraising at a lower cost through the stock market which make a large number of companies in China hope to get the listed qualifications. However, in the securities market listed qualifications are scarce resources that only a few companies can get and the delisting system in our country is imperfect, so many companies turn their eyes to those that have successfully get listed, so “backdoor listing becomes an effective way for companies to enter the securities market. This study based on the theory of evaluation of “shell resource in the companies “backdoor listing and used the acquisition between GF Securities and Yanbian Highway as example to evaluate the “shell resource of Yanbian Highway through real option pricing method in order to explore how to evalute the “shell resource in Chinas market economy.
shell resources backdoor listing valuation
ZHANG Xiaohong LI Yiwei ZHENG Haoyang
School of Management, Dalian University of Technology, Dalian, China, 116024
国际会议
大连
英文
219-223
2012-07-07（万方平台首次上网日期，不代表论文的发表时间）