论文部分内容阅读
随着经济日趋全球化,资本流动范围更加广泛,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。在实践中企业价值评估多采用重置成本法、收益现值法来和市场比较法。由于三种方法侧重角度不同,并且各类评估方法本身在评估过程中对于企业价值的评估就有所偏差。因此,本文通过采用计量经济学模型预计行业内各企业平均价值量,为行业内企业价值估计设立一个参照标准,减小评估的误差。
As the economy becomes increasingly globalized, the scope of capital flows is more extensive. Activities such as privatization, joint ventures, mergers and acquisitions, and corporate restructuring have become increasingly frequent. All these activities involve the evaluation of enterprise value. In practice, enterprise value assessment mostly adopts the method of replacement cost, income present value method and market comparison method. Due to the different perspectives of the three approaches, and the various assessment methods themselves, the assessment of the value of the enterprise deviates from the assessment. Therefore, this econometric model is used to predict the average value of various enterprises in the industry, and to set a reference standard for the estimation of the enterprise value in the industry so as to reduce the error of assessment.