“一带一路”并购估值风险研究

Abstract:This paper studies how to measure the risk valuation model from the perspective of transnational merger and acquisition，offer the decision basis for the enterprises in the “B&R” layout. At present，“B&R” investment is still dominated by government，enterprises in mergers and acquisitions in the region is relatively small. From the perspective of risk valuation，“B&R” regional countries and higher risk，resulting in lack of a series of basic parameters of the risk-free interest rate，the classic valuation model in the beta coefficient and risk premium；part of the national market standard is not perfect，or the market lead to different standards，model correction correction of complex，difficult to quantify the risk. When the classic model is difficult to judge，the focus of risk assessment in the national risk assessment，if there is a sovereign debt rating，the risk of judging the reference rating；if there is no rating，concerned about the probability of macroeconomic risk assessment.

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