【摘要】 评估目标企业的价值在并购中十分关键,它是制定收购支付价格的主要依据之一.可比公司和可比交易价值评估法是企业价值评估中十分实用、有效的方法.以前对这两种方法的应用主要是基于对可比公司或可比交易数据的线性评估,没有对可比公司或可比交易的与目标公司的相似程度做出衡量,从而影响了两种方法的有效性.本文主要从模糊贴近的基本原理出发,首先对可比公司或可比交易与待评估的目标企业进行模糊贴近度比较,然后在此基础上对原来的评估方法进行了修正.更多还原

【Abstract】 Valuation of a target company is very important in Mergers &acquisitions, which decides the price of payment. Comparable Company Analysis and Comparable Transaction Analysis are very practicable and effective tools for evaluation of M & A. In the past, the two methods are based on the linear valuation of data on comparable company or comparable transaction. The comparability between comparable company or comparable transaction and target company is not measured. Valuation of comparability based on Fuzzy theory is brought forward to solve the problem and revise the old methods of evaluation.更多还原