基于经济利润模型的企业价值评估-以苏宁云商为例(论文8500字)
摘要
对企业进行价值评估,有利于投资者和债权人更清楚地了解公司的状况,有利于确定股票的内在价值波动的规律和趋势,有利于为理性投资者的投资决策提供科学依据,有利于为企业管理层提供更为详细而精确的参考资料,也可以通过企业价值评估发现企业存在的一些问题,以调整经营策略和财务策略,实现企业价值的最大化和股东财富最大化。在我国现有条件下,折现现金流量价值模型是评估企业价值的一种可行方法,但是,这种方法不能有效计算每年所创造的价值,所以,引入经济利润模型,通过这个模型,可以知道企业每年新增的价值,还可以把价值计算和业绩考核联系起来。该文试图通过对以苏宁云商为例，来解释经济利润模型在计算企业价值方面的具体应用。
关键词：经济利润模型；评估；苏宁云商
Abstract
Valuation of enterprises is conducive to investors and creditors clearer understanding of company's situation, help determine the intrinsic value of the stock's volatility patterns and trends, help to provide a scientific basis for rational investment decisions of investors, it is conducive for business management to provide more detailed and precise reference, can also be evaluated by business enterprise value found some problems exist, to adjust business strategy and financial strategy to maximize corporate value and to maximize shareholder wealth. Under China's current conditions, discounted cash flow valuation model is a feasible method to assess corporate value, however, this method can not effectively calculate the value created each year, so the introduction of economic profit model, through this model, you can know annual increase of the value of the enterprise, it can also calculate the value and performance linked. This article attempts to Suning Appliance through an example to explain the economic profit model specific application in terms of value calculation of the enterprise.
Keywords: economic profit model; assessment; Suning Appliance
目录
摘要 1
Abstract 2
绪论 4
1企业价值评估模型的分类 5
1.1 现金流量折现模型 5
1.2 相对价值模型 5
1.3 经济利润模型 6
2 利用经济利润模型进行企业价值评估的理论 8
2.1经济利润模型的原理 8
2.2 经济利润模型的计算模块 8
2.3 国内研究综述 9
3.利用经济利润模型应用分析苏宁云商 11
3.1 苏宁云商的简介 11
3.2经济利润模型应用分析苏宁云商 11
4. 企业价值评估中应注意的问题 13
4.1 克服“评估”和“分析”的负面影响 13
4.2信息的收集利用 13
5. 结 语 15
参考文献 16
致谢 17 |
