价值低估理论

主要有：效率理论、代理理论、交易费用理论、价值低估理论、市场势力论和财富再分配理论。

They are theories of : efficiency , Principal-Agent , transaction fee , undervaluation , market power and wealth real locat ion .

其中理论主要有协同效应理论、交易费用理论、价值低估理论和市场势力理论。

These theories use synergy , transaction costs , under valuation , market power to interpret MA .

接着又对企业并购动因理论进行了探讨，主要包括效率理论、代理成本理论、价值低估理论、市场占有理论、利益再分配理论。

Thirdly , this section discuss the motivation of merger and acquisition , including the theory of efficiency , the theory of supply cost , the theory of undervalue , the theory of market possess , the theory of profit reassign .

故本研究在运用协同理论、多角化理论、价值低估理论等结合国内外学者研究成果进行理论分析的基础上提出研究假设。

In this study , the theoretical analysis and propose hypotheses in the use of M & A motivation theory , coordination theory , diversification theory , undervalued theory , agency theory with research scholars at home and abroad on the basis of theoretical analysis .

然后从管理协同效应理论、范围经济理论、财务协同效应理论、多样化经营理论、价值低估理论、交易费用理论、经理扩张理论、企业竞争战略理论等角度分别论述了企业混合并购的理论基础；

In the second place , the chapter discussed its academic foundation from manage-cooperation effect theory , scope economy theory , finance cooperation effect theory , verification management theory , value underestimation theory , transactional cost theory , manager expanding theory and company competition strategy theory ;

金融经济学中有价值低估、信息理论和自由现金流量理论；

In financial economics there are underestimation of value , information theory and freedom cash flow theory .

关于企业并购效应的理论前人有诸多论述：企业理论方面有规模经济效应、节约交易成本效应、效率提高效应等：金融经济学中有价值低估、信息理论和自由现金流量理论；

For example : economy of scale , economization of the transaction cost , promotion of efficiency , ect . In financial theroy there are underestimation of value , information theory and freedom cash flow .