Study on Financial Affairs of Asset Divestiture for Listed Company;

Studied the impact of information asymmetry between principal and agent on asset divestiture decisions through real option approach.

The changes in the environment, which lead to the increase in interior trade cost and decrease in exterior one, are the inducement to asset divestiture for enterprise.

The Research on Method Choosing in Enterprise s Divestiture;

A Study of Divestiture under Merger Control;

At pre-sent,the reasons which lead to accounting information distortion include:the existence and flourish of asset stripping and accounting information distortion,non-reciprocity between accounting principle and true informa-tion,free choice of accounting method,different treatment of asset evaluation increment,and so on.

Western countries have done in-depth researches in the application of corporate asset stripping during their long-time practice of market economy, and haved formed a relatively systematic theory of asset stripping.

Research on Corporate Divestiture;

The literatures about corporate divestiture are much smaller than M&A.

At home, with the quick developmentof capital market, the number of corporate divestiture is increasing.

In the present paper the authors set forth the meaning and features of the fair market price of bad assets, expose the methods of determining fair market price, and reflect on the peeling price of bad assets.