本文選題：價(jià)值評(píng)估　切入點(diǎn)：網(wǎng)絡(luò)經(jīng)濟(jì)　出處：《浙江大學(xué)》2001年碩士論文

【摘要】： 在網(wǎng)絡(luò)經(jīng)濟(jì)的特有規(guī)律，諸如梅特卡夫定理、邊際效用遞增和邊際成本遞減原理、正反饋原理等的作用下，網(wǎng)絡(luò)公司表現(xiàn)出了全新的經(jīng)營模式和成長(zhǎng)模式，，并產(chǎn)生了特有的價(jià)值形成和實(shí)現(xiàn)方式。在這種情況下，網(wǎng)絡(luò)經(jīng)濟(jì)下價(jià)值評(píng)估的理念和方法必須做相應(yīng)發(fā)展：作為評(píng)估價(jià)值重要決定因素的現(xiàn)在和短期的經(jīng)營業(yè)績(jī)應(yīng)被公司的高成長(zhǎng)性和高未來收益所代替，風(fēng)險(xiǎn)與不確定性也應(yīng)作為一個(gè)重要因素考慮并作恰當(dāng)處理。近幾年大量的網(wǎng)絡(luò)經(jīng)濟(jì)價(jià)值評(píng)估方法的探索都在這兩方面作出了或多或少的貢獻(xiàn)，特別是對(duì)于貼現(xiàn)現(xiàn)金流法的修正使這種原不能適用于不確定性情況下價(jià)值評(píng)估的方法重?zé)ɑ盍�。在總結(jié)了現(xiàn)存網(wǎng)絡(luò)經(jīng)濟(jì)價(jià)值評(píng)估方法的優(yōu)缺點(diǎn)后，本文提出了運(yùn)用期權(quán)定價(jià)理論(主要是Black-Scholes模型)評(píng)估網(wǎng)絡(luò)經(jīng)濟(jì)價(jià)值的方法，并在分析和實(shí)例的基礎(chǔ)上論證了此方法的有效性和實(shí)用性。
[Abstract]:Under the special laws of network economy, such as Metcalfe theorem, the principle of increasing marginal utility and decreasing marginal cost, and the principle of positive feedback, network companies have shown a new business model and growth model. And produce unique ways of value formation and realization. In this case, Under the network economy, the concept and method of value evaluation must be developed accordingly: the present and short-term operating performance, which is an important determinant of valuation value, should be replaced by the company's high growth and high future income. Risk and uncertainty should also be considered as an important factor and dealt with appropriately. In recent years, a large number of network economic valuation methods have made more or less contribution to these two aspects. Especially, the modification of discounted cash flow method makes this method which can not be applied to value evaluation under uncertainty be revitalized. After summarizing the advantages and disadvantages of the existing valuation methods of network economy, This paper puts forward a method to evaluate the economic value of network by using option pricing theory (mainly Black-Scholes model), and proves the validity and practicability of this method on the basis of analysis and examples.
【學(xué)位授予單位】：浙江大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2001
【分類號(hào)】：F062.5

【引證文獻(xiàn)】

相關(guān)碩士學(xué)位論文 前1條

1 梁馨元;基于KMV模型的我國中小上市公司信用風(fēng)險(xiǎn)度量研究[D];吉林大學(xué);2012年

本文編號(hào)：1666158