Enterprise Value Assessment

Author: Yu Mingxuan
Publisher:
Publish Date: 2004-05-01
Features: This book strives to reflect the latest research achievements in China's asset valuation theory and practice in recent years, while also drawing on international experience in corporate value assessment and reflecting the development trends in this field in developed countries. The book is divided into four parts. Part I is the theoretical elaboration section. This section, based on clarifying the connotation, characteristics, and influencing factors of corporate value, analyzes the development status of corporate value assessment both domestically and internationally, and elaborates on the fundamental principles of corporate value assessment currently used both domestically and internationally. Part II introduces the commonly used corporate value assessment methods both domestically and internationally. It separately introduces three relatively mature assessment methods—cash flow discounting method, cost method, and market method—explaining the assessment principles and application foundations of these three methods. Additionally, it introduces the option pricing method, which has been widely applied internationally for many years but has recently garnered attention domestically. Part III introduces the understanding and perspectives on corporate value assessment from the United States, Europe, and international assessment standards. This book can serve as a textbook for relevant courses in economic and management disciplines at universities and colleges, as well as a reference for asset appraisers, government departmental management personnel, researchers in research institutions, and securities consulting professionals.