文档介绍：摘要
随着经济日趋全球化,资本日趋更广泛地流动,企业私有化、合资、收购兼并、企业重组等活动日益频繁,这些活动无不涉及企业价值的评估。同时企业财务目标已由利润最大化逐渐转变为企业价值最大化,企业价值也越来越成为企业管理当局关注的核心内容。企业价值评估又称公司价值评估,将企业看作一个经营整体,评价其未来进行交易时的交换价值,并以价值最大化为原则进行重大交易和商业战略的选择。它已经逐渐成为资产评估业的一个重要发展方向。
本文将探讨企业价值评估的三种方法:成本法、市场法、收益法,并分别讨论了其各自的适用性和局限性。通过对比分析,应该针对不同情况选用不同方法进行估价,不只是考虑单一方法,而应当多方法并用,互相参考印证,保证企业价值评估结果的准确性。
关键词:企业价值评估成本法收益法市场法
Abstract
With gradually globalization of economy and capital flow widely,firm cooperation,joint venture,merger enterprise restructure etc, all the activities are involved in business finical objective has transferred from maximization of profit to maximization of enterprise value, business valuation has e core issue of the enterprise management. Business valuation also called corporation valuation, taking the enterprise as a whole, evaluates its value for exchanging in the future. It is abided by the principle of maximization of enterprise value, business strategy selection, and asset appraisal will develop toward it.
This paper gives an analysis on the three methods of corporate valuation, that is, the cost method, market method, e method. Furthermore, it discusses their respective adaptability and the contrast analysis,it points out in the practical application enterprise value assessment method we must consider different cases,when we choose different methods, we should not only consider the sole method application, but severl ones , mutually refers verfies, which guarantee enterprise value appraisal result accuracy.
Key Words:enterprise value;cost method;e method;market method
目录
摘要 I
Abstract II
绪论 1
一、企业价值评估的基本理论概述 2
(一)企业价值的概念 2
2
2
(二)企业价值评估的概述 3
3
3
3
3
(三) 企业价值评估理论的概述 4
4
4
二、企业价值评估方法分析及风险规避 5
(一)企业价值评估方法的概述 5
5
5
7
(二)企业价值评估中的风险识别与规避 9
9
9
三、企业价值评估方法的实用性分析 11
(一)企业价值评估目标公司的选择背景