资源描述:
《中小科技成长型护肤品企业并购案例分析》由会员上传分享,免费在线阅读,更多相关内容在学术论文-天天文库。
1、浙江工业大学硕士学位论文中小科技成长型护肤品企业并购案例分析II万方数据浙江工业大学硕士学位论文中小科技成长型护肤品企业并购案例分析CaseAnalysisonMergersandAcquisitionsofSMEsTechnologyGrowthTypeEnterprisesofSkinCareProductABSTRACTInrecentyears,China'sskincareindustryisgrowingrapidly,alargemarketpotential,withthepar
2、ticipationofinternationalcapital,M&Amarketwasrelativelyactive,butintermsoftheacquisitionvalueisdetermined,usuallyreferringtothehistoryofmergercases,theuseofsalesratiomethod,asvaluationsGamebasedonthenegotiations,duetoChina'slackoftransparencyandactiv
3、ecapitalmarketsrelatedbusinesseswithcompletedataisnotaccurateenough,thevaluationisthelackofadequatetheoreticalbasis.Asmallhigh-techcompanyisaprivatelyheldcompanyfoundedin2006,wherethematernalskincareindustrysegmentsbelongtoemergingmarketslikeChinaski
4、ncare.Acompanyinrecentyears,marketingandsalestogrowrapidly,butrelativelypoorprofitability.Acompanyfacingdifficultieswhilecapitalexit,exitexactlyinwhatway,intheendistheliquidationofassetstoexit,orIPOexit,exitormergersandacquisitions,toprotecttheintere
5、stsofshareholders,toachievemaximumbenefitsAcompanyfacesaproblemthatmustbesolved.Thesisdescribesthecurrentstatusofresearchandvaluationtheoryadvancedlevelathomeandabroadfromvaluationtheory,valuationmethods,andvaluationpractices,describestheacquisitionv
6、aluationtheory,valuationmethodsandcomparisonofvaluationandvaluationBujuadjustment.Acompanyinthispaperasacaseanalysisondevelopmentofmaternalandchildcareindustry,characteristicsandprospects,focusingonanalysisofthecompany'scapitalexitApossibilitytocompa
7、reproposedmergerquitthinking,analysisoftheA'sacquiredadvantages,andtheA'sacquiredinternalvaluationsolutions.Secondtheorywithpractice,analyzeAcompany'sadvantagesinproductdevelopmenttechnologies,marketingchannels,managementaspects,namely,thepotentialva
8、lueofnon-financialindicatorsfromkeyfactorsinfluencingAcompanyvaluationobjectivelyreasonableadjustmentofthepastsimplyvaluationanalysisfromafinancialpointofthinkingtochangethedirectionofthetheoreticalandpractical,madeofnon-financialcorecompetitiveadvan