摘要
目前的企业价值评估方法忽略或无法计算出企业战略性投资可能带来的企业价值增长,从而会低估那些拥有重要战略性投资的企业价值,错过一些具有潜在成长机会的战略性投资项目。增长期权理论思想的引入,提出对企业战略性投资价值评估的思路,有望用于弥补包括现金流量折现评估方法(DCF)在内的目前评估方法都难于对企业战略性投资价值评估造成的在企业价值评估方面存在的不足,对如何做到更科学、更合理、全面地对市场经济条件下的现代企业价值进行估量问题做进一步探究。
Currently, the approaches on business appraisal ignore or could not work out the growth of enterprises value for its strategic investment, underestimate the value of the enterprises that has important strategic investment, and miss some strategic items with potential growth ability. Growth Option theory offers the way to value enterprises' strategic investment, supplies the gap between present appraisal methods including DCF and the business appraisal with strategic investment. The authors research on how to do business appraisal more scientific and more reasonable.
出处
《中国资产评估》
CSSCI
2004年第6期10-14,共5页
Appraisal Journal of China
