本文關(guān)鍵詞： 企業(yè)價值 價值評估 企業(yè)價值影響因素 層次分析法 評估指標(biāo)體系　出處：《長安大學(xué)》2014年碩士論文　論文類型：學(xué)位論文

【摘要】：隨著市場經(jīng)濟(jì)的不斷發(fā)展，探尋企業(yè)價值真正的內(nèi)涵所在已經(jīng)成為學(xué)術(shù)界一個重要的研究問題。資產(chǎn)評估服務(wù)行業(yè)的不斷發(fā)展更加促進(jìn)了經(jīng)濟(jì)學(xué)家、企業(yè)管理者、評估人員及其他領(lǐng)域的學(xué)者、專家對企業(yè)價值相關(guān)問題的研究。結(jié)合我國國情，通過對國外先進(jìn)評估技術(shù)的學(xué)習(xí)，學(xué)者們提出了很多評估企業(yè)價值的思路和方法，并在實踐操作中得以應(yīng)用。對企業(yè)價值影響因素由單一的財務(wù)指標(biāo)發(fā)展到與非財務(wù)指標(biāo)的綜合考量、定量指標(biāo)與定性指標(biāo)的結(jié)合研究，更加全面、科學(xué)、完整的研究企業(yè)價值。使得我國對企業(yè)價值的研究空間和范圍不斷擴(kuò)大，企業(yè)價值評估研究越來越豐富、全面，在實踐操作方面評估值越來越準(zhǔn)確。 現(xiàn)有的企業(yè)價值評估方法在研究企業(yè)價值影響因素時主要是從企業(yè)財務(wù)報表提供的數(shù)據(jù)來分析企業(yè)的價值，而忽略了未能在企業(yè)財務(wù)報表上體現(xiàn)的人力資本、企業(yè)管理水平、行業(yè)政策、企業(yè)商譽(yù)等對企業(yè)價值的影響程度。從企業(yè)未來發(fā)展的角度看，非財務(wù)指標(biāo)更能反映企業(yè)真實價值所在。隨著以智力資本和技術(shù)為企業(yè)資產(chǎn)的新型企業(yè)的發(fā)展，傳統(tǒng)的評估方法越來越表現(xiàn)出其不適用性。 本文以企業(yè)價值的概念和特點為出發(fā)點，分析了企業(yè)價值的影響因素以及現(xiàn)有的企業(yè)價值評估方法存在的不足之處，在收益法的基礎(chǔ)上將平衡計分卡的指標(biāo)設(shè)計模式、國有資本金績效評價規(guī)則中的工商類競爭性企業(yè)效績評價指標(biāo)體系的設(shè)計模式以及層次分析法的設(shè)計模式引入到企業(yè)價值評估中，，構(gòu)建一套具有廣泛適用性的企業(yè)價值評估指標(biāo)體系。在指標(biāo)設(shè)置時采取定量指標(biāo)和定性指標(biāo)相結(jié)合的方式，并通過問卷調(diào)查對指標(biāo)進(jìn)行修正、打分，運用Matlab數(shù)學(xué)軟件對指標(biāo)進(jìn)行分析、賦權(quán)重，最終得出被評估企業(yè)的價值得分，通過與可比企業(yè)價值對比，求得被評估企業(yè)的價值。在所建立的評估指標(biāo)體系下，采用案例對所構(gòu)建的企業(yè)價值評估指標(biāo)體系進(jìn)行科學(xué)性和實用性驗證。
[Abstract]:With the continuous development of market economy, exploring the true connotation of enterprise value has become an important research issue in academia. The constant development of asset appraisal service industry has promoted economists. Enterprise managers, evaluators and other scholars, experts on enterprise value related issues. Combined with the situation of our country, through the study of foreign advanced evaluation technology. Scholars have put forward a lot of ideas and methods to evaluate the value of enterprises, and have been applied in practice. The influence factors of enterprise value have developed from a single financial index to a comprehensive consideration of non-financial indicators. The combination of quantitative index and qualitative index makes the research of enterprise value more comprehensive, scientific and complete, which makes the research space and scope of enterprise value expand continuously, and the research of enterprise value evaluation becomes more and more abundant. Overall, in the practical aspects of evaluation values are more and more accurate. The existing methods of enterprise value evaluation mainly analyze the enterprise value from the data provided by the enterprise financial statements, while ignoring the human capital that can not be reflected on the enterprise financial statements. The level of enterprise management, industry policy, corporate goodwill and other impact on the value of enterprises. From the perspective of the future development of enterprises. With the development of new enterprises with intellectual capital and technology as their assets, the traditional evaluation methods are more and more inapplicable. Based on the concept and characteristics of enterprise value, this paper analyzes the influencing factors of enterprise value and the shortcomings of existing methods of enterprise value evaluation. On the basis of income method, the index design mode of balanced scorecard is put forward. The design model of performance evaluation index system of industrial and commercial competitive enterprises in the performance evaluation rules of state-owned capital and the design mode of analytic hierarchy process are introduced into the evaluation of enterprise value. Set up a set of enterprise value evaluation index system with wide applicability. When the index is set, adopt the combination of quantitative index and qualitative index, and through the questionnaire survey to revise the index, score. Using the Matlab mathematical software to analyze the index, assign weight, and finally get the value score of the evaluated enterprise, and compare with the comparable enterprise value. Under the established evaluation index system, a case study is used to verify the scientificity and practicability of the enterprise value evaluation index system.
【學(xué)位授予單位】：長安大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2014
【分類號】：F233;F272.5

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