期刊名称：American Journal of Industrial and Business Management
印刷版ISSN：2164-5167
电子版ISSN：2164-5175
出版年度：2016
卷号：06
期号：05
页码：551-557
DOI：10.4236/ajibm.2016.65051
语种：English
出版社：Scientific Research Publishing
摘要：As a creative form of contract, the valuation adjustment mechanism is applied in M & A for many companies. Measures for Administration of Material Assets Reorganization of Listed Companies, which were adopted on November, 2014, required that listed companies must sign VAM with counterparty when pricing the assets. In M & A, the use of VAM can improve the efficiency and reduce the risk of failure. Based on the case of BlueFocus merged Accurate Sun, this paper thoroughly analyzes the structural design of VAM and its effects. Some suggestions are proposed in this paper in order to explain how to use VAM successfully.
