Enterprise Value Appraisal

Author: Wang Haisu
Publisher:
Publish Date: 2005-03-01
Features: Discovering, judging, and increasing corporate value are the three major concerns of people related to enterprises in a market economy society. This book expands the research on corporate value assessment by dividing it into three major sections: the basic theory of corporate value assessment, the practical aspects of corporate value assessment, and special topics on corporate value assessment. The entire book focuses on corporate value assessment under the conditions of a transitioning economy. It reflects on the cost-based assessment theory and practice of corporate value assessment in China, explores the theories and methods related to corporate value assessment, highlights the contribution of intangible assets to corporate value, emphasizes the advantages of option models in addressing the shortcomings of traditional methods and adapting to the characteristics of the new economy, and makes innovative contributions to the theoretical framework and methodological system of corporate value assessment. The book dedicates a chapter to showcasing a complete and detailed case study of a large state-owned steel enterprise's value assessment, which was personally led by the author as an expert. This book is suitable for the post-training education and self-study of certified public accountants and asset appraisers, as well as for classroom teaching in relevant university majors. It can also serve as a reference for theoretical researchers increasingly concerned with the issue of value assessment in the process of Chinese corporate reforms.