本文關(guān)鍵詞： 企業(yè)價值評估 家電行業(yè) 收益法　出處：《華北電力大學(xué)》2015年碩士論文　論文類型：學(xué)位論文

【摘要】：在世界經(jīng)濟逐漸走向全球化、實現(xiàn)國際經(jīng)濟一體化的大背景下,國際間經(jīng)濟活動涉及的資產(chǎn)交易量大大提高,帶動了資產(chǎn)的國際流動性。在我國企業(yè)改制的過程中,需要對資產(chǎn)的價值進行評定和估算。資產(chǎn)評估的范圍不斷擴大,涉及的領(lǐng)域逐漸增多,從不動產(chǎn)擴展到動產(chǎn)、無形資產(chǎn)和企業(yè)整體價值評估的領(lǐng)域。企業(yè)越來越關(guān)注自身整體價值的衡量,推進企業(yè)價值評估的發(fā)展。我國的家電行業(yè)作為在經(jīng)濟社會中迅速發(fā)展,積累了一定的資本,需要尋求擴張,需要對企業(yè)價值有一個評定和估量。但是目前我國家電行業(yè)的企業(yè)價值評估理論研究較少,難以指導(dǎo)評估實踐的發(fā)展。文章首先從家電行業(yè)企業(yè)價值評估的基本概念和評估方法入手,對相應(yīng)的文獻進行整理和分析,明確目前針對企業(yè)價值評估方面的國內(nèi)外研究現(xiàn)狀,并提出我國目前存在的問題,提出具體的研究思路。然后針對國內(nèi)的評估理論和評估方法進行分析,結(jié)合家電行業(yè)的發(fā)展特點和現(xiàn)狀,提出使用收益法對其進行價值評估。再使用定性和定量相結(jié)合的分析方法,對評估過程中使用的具體模型和模型中所需的參數(shù)進行討論,明確使用的標(biāo)準(zhǔn)及選取的范圍,搜集青島海爾集團的財務(wù)和非財務(wù)數(shù)據(jù)進行計算,利用Gordon兩階段增長模型得出青島海爾集團的企業(yè)價值,計算出股票價值和市盈率,評估結(jié)果與市場價格相符合,具有合理性。從而得出收益法適用于家電行業(yè)企業(yè)價值評估的結(jié)論。
[Abstract]:Under the background of the globalization of the world economy and the realization of international economic integration, the trading volume of the assets involved in the international economic activities has greatly increased. Promote the international liquidity of assets. In the process of restructuring enterprises in our country, we need to evaluate and estimate the value of assets. From immovable property to movable property, intangible assets and the field of enterprise overall value evaluation, enterprises pay more and more attention to the measurement of their own overall value. Promote the development of enterprise value evaluation. As the rapid development of the household appliances industry in the economic society, accumulated a certain amount of capital, need to seek expansion. It is necessary to evaluate and evaluate the enterprise value. However, there is little research on the theory of enterprise value evaluation in the home appliance industry in our country at present. It is difficult to guide the development of evaluation practice. Firstly, this paper starts with the basic concept and evaluation method of enterprise value evaluation in household appliance industry, and analyzes the relevant literature. Make clear the current domestic and foreign research status of enterprise value evaluation, and put forward the existing problems in our country, put forward the specific research ideas, and then analyze the domestic evaluation theory and evaluation methods. Combined with the development characteristics and current situation of the household appliance industry, this paper puts forward the method of using income method to evaluate its value, and then combines qualitative and quantitative analysis method. The specific models used in the evaluation process and the required parameters in the model are discussed, the criteria used and the scope of selection are defined, and the financial and non-financial data of Qingdao Haier Group are collected for calculation. The enterprise value of Qingdao Haier Group is obtained by using the Gordon two-stage growth model, and the stock value and price-earnings ratio are calculated. The evaluation results are in accordance with the market price. It is reasonable to draw the conclusion that the income method is applicable to the enterprise value evaluation in the household appliance industry.
【學(xué)位授予單位】：華北電力大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2015
【分類號】：F426.6

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本文編號：1476494