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《實(shí)物期權(quán)法在企業(yè)并購(gòu)價(jià)值評(píng)估中的應(yīng)用分析》由會(huì)員上傳分享，免費(fèi)在線閱讀，更多相關(guān)內(nèi)容在學(xué)術(shù)論文-天天文庫(kù)。
1、目錄3.1.1模型的建立.....................................................113.1.2模型的參數(shù)分析.................................................123.2離散時(shí)間狀態(tài)下的二叉樹(shù)模型.........................................133.2.1模型的假設(shè).....................................................133.2.2模型的思想..................................
2、...................133.3三叉樹(shù)模型.........................................................153.3.1模型的假設(shè).....................................................153.3.2模型的思想.....................................................153.4三種模型比較.......................................................18第4章基于實(shí)物期權(quán)理論建立企
3、業(yè)并購(gòu)評(píng)估中的模型..........................194.1構(gòu)建并購(gòu)評(píng)估中實(shí)物期權(quán)定價(jià)模型.....................................194.2評(píng)估目標(biāo)企業(yè)價(jià)值的關(guān)鍵步驟和方法...................................204.2.1評(píng)估目標(biāo)企業(yè)自身價(jià)值的步驟和方法...............................204.2.2平均加權(quán)資本成本的計(jì)算.........................................214.2.3目標(biāo)企業(yè)自身期權(quán)價(jià)值的計(jì)算.................
4、....................224.2.4并購(gòu)過(guò)程中期權(quán)價(jià)值的計(jì)算.......................................244.2.5并購(gòu)后的期權(quán)價(jià)值的計(jì)算.........................................244.2.6分配系數(shù)的計(jì)算.................................................25第5章王府井百貨并購(gòu)春天百貨案例分析....................................275.1并購(gòu)背景和雙方基本情況..........................
5、...................275.2并購(gòu)分析...........................................................285.2.1并購(gòu)效應(yīng)分析...................................................285.2.2選擇實(shí)物期權(quán)法的原因分析.......................................285.3目標(biāo)企業(yè)的自身價(jià)值估算............................................295.3.1自由現(xiàn)金流量估算..............
6、.................................295.3.2平均加權(quán)資本成本（WACC）估算...................................30IV目錄5.3.3目標(biāo)企業(yè)自身價(jià)值...............................................345.4實(shí)物期權(quán)模型計(jì)算目標(biāo)企業(yè)價(jià)值.......................................345.4.1目標(biāo)企業(yè)自身的期權(quán)價(jià)值.........................................345.4.2并購(gòu)本身的期權(quán)價(jià)值........
7、.....................................365.4.3并購(gòu)后的期權(quán)價(jià)值...............................................375.4.4分配系數(shù)的確定.................................................415.5目標(biāo)企業(yè)的價(jià)值確定....................................
