摘要
企业并购实质上是买卖双方在资本运营方面的博弈,由于现实生活中信息不对称的存在,并购交易成本加大,企业并购风险出现。因此,有必要以信息经济学理论为基础,从主并方的尽职调查即风险管理和目标企业价值评估两个方面着手,对不确定性带来的风险进行尽可能限度的防范和规避。
In essence enterprise M＆A is a game between buyer and seller in case of capital operation. Thanks to the information asymmetry, the cost of M＆A is raised hereby bringing about the risks in the due course. Based on the theory of information economics; the paper presents the suggestions as to avoiding the uncertain risks for M＆A undertaking enterprises in terms of risk management and objective enterprise value assessment.
出处
《商业研究》
北大核心
2006年第21期96-98,共3页
Commercial Research
