摘要
在总结梳理奥尔森模型及后来学者所提出的系列三阶段剩余收益模型基础上,选择有代表性的三阶段剩余收益模型(TSSV-θ),结合作者提出的新的三阶段剩余收益模型,即风险因子调整的三阶段剩余收益模型(RIM-σ2),利用中国市场的数据进行实用性比较研究,同时选择单一上市公司数据就RIM-σ2模型进行实际的运用分析。结果表明,RIM-σ2模型在理论和实证上均具有较好的优越性和实用性,可以作为一种有效的企业价值评估方法。
In this paper, Ohlson model and three - stage EBO studies at home and abroad are reviewed firstly, then, make eompa- rision study in both theoretical and empirical between a risk - adjusted three - stage EBO model （ RIM - σ^2 ） and another main EBO model（ TSSV -θ） using China stock data, as well as application study using one listing company data. The result reflects that RIM - σ^2 has great improvement in both theoretical and empirical, and can become one of main methods of equity evaluation.
出处
《经济问题》
CSSCI
北大核心
2012年第11期80-83,共4页
On Economic Problems
