具有破产概率的企业股利贴现复合增长模型

Models of dividend discount for enterprise containing probability of bankruptcy

企业具有破产概率对企业的内在价值有直接影响。在假定企业具有破产概率的条件下,建立破产分别出现在不同阶段时的两个股利贴现模型,可为投资者提供评价有破产可能的企业股票价值的理论依据。

Enterprise with bankruptcy probability has effected on its internal value. Under the condition of enterprise with bankruptcy probability, two models of dividend discount for enterprise containing different stages of bankruptcy are given, which can offer gists for investors to evaluate stock in theory.