对不同资本结构下的折现率的理解和应用

The Understanding and Application of Discount Rates under Different Capital Structures

本文指出企业价值收益法评估中直接法和间接法评估结果产生差异的根本原因在于没有正确运用折现率。作者通过一个案例的详细分析,提出了一种简单的解决之道。采用这种方法就不会出现直接法和间接法评估结果差异的问题。

This article points out that the only reason for the different results of direct and indirect valuing methods is that the certified public valuers do not understand and apply the discount rate properly. To solve the problem, the author introduced a way and explained the way through a case analysis.