|
|||||
|
|
| 增长型企业价值评估方法研究 | |
| 引用本文： | 屠巧平,胡培,魏亚琴.增长型企业价值评估方法研究[J].西南交通大学学报,2004,39(6):720-724. |
| 作者姓名： | 屠巧平 胡培 魏亚琴 |
| 作者单位： | 1. 西南交通大学经济管理学院,四川,成都,610031;河南大学工商管理学院,河南,开封,475001 2. 西南交通大学经济管理学院,四川,成都,610031 3. 青岛大学师范学院,山东,青岛,266071 |
| 摘 要： | 从确定性和不确定性投资的角度对增长型企业的评估方法进行了研究。分析了单一增长价值评估模型存在的不足，给出了具有多阶段增长的弹性增长评估模型。并针对增长型企业具有经营灵活性的特点，引入了实物期权方法评估具有单一增长机会、序列增长机会企业的经营灵活性价值，从而弥补了折现现金流量法在评估企业经营灵活性价值时的固有缺陷。 |
| 关 键 词： | 增长型企业 价值评估 建模 期权定价 |
| 文章编号： | 0258-2724(2004)06-0720-05 |
Research of Value Evaluation Method for Growth Enterprises |
|
| TU Qiao-ping.Research of Value Evaluation Method for Growth Enterprises[J].Journal of Southwest Jiaotong University,2004,39(6):720-724. | |
| Authors: | TU Qiao-ping |
| Institution: | TU Qiao-ping~ |
| Abstract: | The evaluation methods for growth enterprises were investigated respectively from the angles of certain investment and uncertain investment. An evaluation model characterizing the growth features of different stages was put forward through analyzing the shortcomings of one-step growth evaluation models. From the characteristic of managerial flexibility of growth enterprises, the real option pricing approach was adopted to evaluate the value of managerial flexibility with single growth chance or sequential growth chance, which overcomes the inherent faults of the discounted cash flow method in evaluating the value of managerial flexibility. |
| Keywords: | growth enterprise value evaluation modeling option pricing |
| 本文献已被 CNKI 维普 万方数据 等数据库收录！ | |