收益法在企业价值评估中的应用研究文献综述

Literature review on the application of income method in enterprise value evaluation

收益法作为企业价值评估中的主流方法,其影响企业价值的因素可分为预期收益、收益期和折现率。针对以上三因素进行分析,发现目前企业价值评估中对自由现金流量预测存在主观性波动,处于不同生命周期阶段的企业价值驱动因素存在差异,折现率中β系数与自由现金流量的匹配关系等问题,为进一步研究收益法在企业价值评估中的应用提供了依据。

As the mainstream method of enterprise value evaluation,the factors that affect enterprise value can be divided into expected income,income period and discount rate.Based on the analysis of the above three factors,it is found that there are subjective fluctuations in the prediction of free cash flow in the current enterprise value evaluation,there are differences in the driving factors of enterprise value in different life cycle stages,and the matching relationship betweenβcoefficient in discount rate and free cash flow,which provide a basis for further research on the application of income method in enterprise value evaluation.