估算資本價值 的英文怎麼說
中文拼音 [gūsuànzīběnjiàzhí]
估算資本價值
英文
imputed capital value- 估 : 估構詞成分。
- 算 : Ⅰ動詞1 (計算數目) calculate; reckon; compute; figure 2 (計算進去) include; count 3 (謀劃;計...
- 資 : Ⅰ名詞1 (錢財; 費用) money; wealth; expenses 2 (資質) intelligence; endowment 3 (資格) quali...
- 本 : i 名詞1 (草木的莖或根)stem or root of plants 2 (事物的根源)foundation; origin; basis 3 (本錢...
- 價 : 名詞1. (價格) price 2. (價值) value 3. [化學] (化合價) valence
- 估算 : estimate; reckon (up)
- 資本 : 1 (經營工商業的本錢) capital 2 (牟取利益的憑借) what is capitalized on; sth used to one s own...
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According the original thoughts, this paper circumstantiates how to carry this theory into chinese practice and how to eliminate the fundamental shortcomings if foreign standards applied mechanically. therefore, in a creative way, this paper establishes a feasible eva appraisal system according to chinese listed companies " character and demonstrates it on some listed companies, such as sichuan changhong co. ; tsingtao brewery company ; and harbor line companies. in one word, this paper wishes to provide a set of more practical and predictable standard in comparison with roe and eps
本論文正是根據其理論,首先著重對目前如何將經濟增加值實際運用於評估中國上市公司業績,進行針對性的分析和探討,從而逐步剔除機械套用國外指標體系的根本性缺陷,然後按照中國證券投資市場的特徵,創造性地建立一套符合中國實情地指標體系,同時運用這一指標體系對四川長虹、青島啤酒以及整個港口行業的上市公司五年間的業績變化情況做了仔細的運算和分析,並與現行的凈資產收益率、每股收益進行實證分析、比較,以期為上市公司業績評價提供一種更有預見性、更可行的指標體系。But my focus was specially laid on the decision - making of investment under uncertainty and with competition, i first. extend the basic model of dixit & pindyck ' s by allowing the relevant parameter to be a random variable, then proposed an numerical example to show how to solve this model, i gave the algorithm and did the comparative static analysis, finally i developed a model of duopoly under uncertainty, considering the competition between the firms explicitly, using roa, i calculated the two firm ' s values respectively when they take different roles - to be leader or follower, and then checked the possible equilibriums
本文的重點是考察在同時存在不確定性和競爭的情況下,如何用實物期權的理論估算投資項目的價值,為此,文中發展了兩個模型,第一個模型是對dixit & pindyck的模型的擴展,它通過一個相關的隨機變量來考察競爭對項目價值的影響,但沒有考慮企業間的相互博弈,文中給出了一個例子詳細地說明了該模型的求解並做了敏感性分析;第二個模型是一個不確定情況下的雙寡頭模型,文中給出了用實物期權方法計算的兩企業在處于領導者和跟隨者兩種不同境況時的價值,並將企業間的相互博弈考慮在內,考察了可能的均衡狀態。The consequential change in value of the asset or liability is reflected in the carrying value of the relevant asset or liability in the balance sheet except in the case of placements by other hksar government funds for which interest is payable at market - based rates, which are stated in the balance sheet at the principal amounts payable at the balance sheet date with the revaluation differences included in other liabilities
由此引致的資產或負債價值的改變,已反映在資產負債表內有關資產或負債的帳面價值中,惟按?場利率計算利息的其他香港特區政府基金存款則在資產負債表內以資產負債表日期的本金額列示,而有關的價值重估差額則包括在「其他負債」項目內。In the second chapter, the concept of value multiple is introduced in details and a new valuation model is given at the end of this chapter. an important conclusion is drown through data analysis in american capital market in the chapter three : there is a strong relativity between the value multiple and the stock price. in the next chapter, we analyze those factors that they can weaken the effect of value multiple when we use it to judge the intrinsic value of securities in our country and countermeasures ^ against those factors
本文第一章主要就證券價值分析的一般原理、常用方法以及存在的問題進行了探討;第二章主要就價值倍數法的理論基礎、計算公式進行闡述和推導,並最終構建了基於價值倍數概念上的估值模型;第三章主要通過美國資本市場的數據對價值倍數與股票價格之間的關系進行了探討,最後得出二者之間為正相關的結論;第四章主要就我國證券市場上影響價值倍數運用的主要因素以及對策進行探討,並通過實例演示證明價值倍數模型在我國證券市場運用的有效性;第五章對整個研究過程進行了總結,並就其中存在的問題提出了改進的思路以及進一步研究的方向。Eva evaluation model that this thesis main contents is an argument which is based on economic value the added ( eva ) theories, also this thesis compare the eva evaluation model with other evaluation model, and try to proof that model can be used as a kind of the new method of evaluating the intrinsic value of listed growth type company
本論文採用實證研究的方法,其主要內容是論證以經濟附加值( eva - - - economicvalueadded )理論為基礎推導出的eva模型在評估投資價值中的實用性,並且將該模型與其它價值評估模型進行比較和分析,並證明該模型可作為一種計算企業價值的新方法,並用於成長型上市公司內在價值的評估。From theory, this thesis offers a new real options analysis frame based on integration of the real option theory research of these days. from method, we have applied the financial option models to evaluate the real - options existing in real investment projects, we focus on exercising the existing models and analyze what shortcomings are there when we do so. after that, we offer a new model to evaluate the switch options improved on option pricing theory, in this empirical research, we replace labour force cost with daily wages
本文從理論和方法兩個方面展開:由於實物期權的概念是由金融期權引申而來,所以在理論方面,首先分析了金融期權的內涵,並綜合目前實物期權理論研究的成果,提出了一個完整的實物期權分析框架。方法上,除了運用目前存在的金融期權定價模型來評估一些實際存在的投資計劃,還在期權定價理論的基礎上針對轉換期權建立了一個模型並計算它的價值。So, considered as a method to estimate the value of software, software valuation has been more and more used in software exchange, sales, investment, etc, which can help the software take part in the market economy
計算機軟體評估作為一種衡量計算機軟體價值的手段,在軟體轉讓、出售以及作價入股或企業融資時被逐漸採用,也是軟體產業在市場經濟環境下參與更高更廣層面的資源競爭的基本條件。This will aid in measuring human capital value in monetary terms. then, two methods of human capital estimation are advanced, ( i ) the retrospective approach, measures the cost of human capital investment, ( ii ) the prospective approach, measures the present value of the expected future services that human capital can render. the measurement exercise based on the average years of schooling is done in this chapter
接著,根據人力資本價值的涵義,本章提出了人力資本價值計量的兩大類方法:一類是追溯成本計量法,即估算人力資本投資所花費的成本費用形成的資本量,重點採用了「受教育年限法」對我國各省市的人力資本存量進行考察;另一類是預期收益計量法,即用人力資本可望提供的未來用途和服務的現值來確定其價值量。Firstly, the author evaluated the fund through the technology and tested it with examples. basted on the capital asset pricing model and the theory of portfolio, the paper used the ratio of profit according time to evaluate the profit ; used the a and 3 to evaluate the risk ; used the sp, tp, a p to evaluate the profit according to the risk ; used the ability of liquid and so on to evaluate the fund portfolio. otherwise, the author corrected the asset of fund according to the specialty of our country
技術面評價以證券投資組合理論和資本資產定價模型為基礎,運用時間加權收益率對基金收益進行評價;運用系數、系數對基金風險進行評價;運用夏普指數、特雷納指數、詹森指數、積極投資效率指數對基金進行收益和風險配比評價;運用基金平均市盈率、股票集中度、股票日換手率、基金流動性和基金平均漲幅對基金進行組合質量評價;並根據我國股市的特點對基金凈值進行修正計算,對基金實際價值進行評估。There is two things important on calculating eva. firstly it need to estimate the cost of the equity, then get the wacc ( weighted average cost of capital ) and the cost of the capital invested. secondly, some account items have to adjusted in which value created activities are distorted according to the general accounting principles to ensure the result can be demonstrated comprehensively
計算eva ,需要估算權益的成本,並由此計算出加權平均資本成本,最終確定資本投入的成本,另外,現有的通用會計準則扭曲了大量的價值創造活動,因而在計算eva時,也需要根據企業實際,對經營結果有重要影響的會計科目進行調整,以確保最終的eva能夠全面反映企業的經營效果。There is another approach. utilizing the basic theory of return and risk and the main methodologies and models of asset valuation, we can study the implied risk premium from the current share prices by incorporating stock analysts " forecast on companies " earnings and growth. by comparing the implied risk premium with the actual risk level of the particular investment, we can decide better whether its valuation is fair
在主要投資價值分析方法和分析模型基礎上,本文換了一個角度,從風險收益基礎理論出發,研究利用更符合實際的三階段估值模型,結合證券分析師對企業贏利和未來增長的估計,測算證券定價背後隱含的風險回報水平,通過考察風險補償率是否與該投資面臨的風險水平相匹配,來更好的解決證券定價合理評判這個問題。Article 6 as to a equity - settled share - based payment in return for employee services, if the right cannot be exercised until the vesting period comes to an end or until the prescribed performance conditions are met, then on each balance sheet date within the vesting period, the services obtained in the current period shall, based on the best estimate of the number of vested equity instruments, be included in the relevant costs or expenses and the capital reserves at the fair value of the equities instruments on the date of the grant
第六條完成等待期內的服務或達到規定業績條件才可行權的換取職工服務的以權益結算的股份支付,在等待期內的每個資產負債表日,應當以對可行權權益工具數量的最佳估計為基礎,按照權益工具授予日的公允價值,將當期取得的服務計入相關成本或費用和資本公積。Article 12 as to a cash - settled share - based payment, if the right may not be exercised until the vesting period comes to an end or until the specified performance conditions are met, on each balance sheet date within the vesting period, the services obtained in the current period shall, based on the best estimate of the information about the exercisable right, be included in the relevant costs or expenses and the corresponding liabilities at the fair value of the liability undertaken by the enterprise
第十二條完成等待期內的服務或達到規定業績條件以後才可行權的以現金結算的股份支付,在等待期內的每個資產負債表日,應當以對可行權情況的最佳估計為基礎,按照企業承擔負債的公允價值金額,將當期取得的服務計入成本或費用和相應的負債。In this article, generation asset ( short term ) and generation capacity valuation ( long term ) are discussed. to consider the impact of risk, the concept of var is utilized
本文主要分析研究了廠網分開后發電企業在進行其發電資產價值評估時如何進行風險分析,從而計算出發電資產在風險因素影響下的真正價值,以進行正確的市場決策。The research of human resource value measure models of this paper has very important theoretical meaning and realistic significance. under the guidance of marxian labor valve theory and occident human capital theory and element distribution theory, this paper aims at the high science & technology software development enterprise and designs model systems of human resource group value and individual value measuring, which not only adhere the traditional accounting principle, but also combine qualitative analysis with quantitative analysis. in detail, it is organized as follows : ( 1 ) according to some defects of the available value measuring models, this thesis brings forward 4 innovative trains of thought : adopts the method that combine qualitative analysis with quantitative analysis, and establishes the new measuring basis that contain human resource the present period input cost and realized value, and defines the high - grade human resource as the target evaluation group of individual value measuring, as the basis for revealing the real contribution of human resource group firstly and achieving individual value by distributing group value to the target evaluation group in according with the specific rules secondly ; ( 2 ) analyzes the constitution of human resource value, and comes up with new way of thinking on group value measuring : adopts the historical cost means to calculate human resource group the present period input cost, and rectifies the present period realization value theory of li - shicong professor from accounting angle, and obtains more scientifically the group present period new contribution value, as the basis for structuring the new measuring
首先揭示組織中人力資源群體對企業的真實貢獻,然後再將群體價值以一定的規則分配給目標評估群,從而確認個人價值; ( 2 )分析人力資源的價值構成,提出新的群體價值計量思路:採用歷史成本法計量群體當期投入成本,並對李世聰教授提出的當期實現價值理論從會計學角度進行了修正,更為科學地確定了群體當期新增貢獻價值,從而構建了全新的人力資源群體價值計量模型; ( 3 )分析個人價值的影響因素及其關系,提出新的個人價值計量思路:運用層次分析法獲得目標評估群在群體當期新增價值中的權重,確定高級人力資源當期所創造的貢獻份額;基於崗位相對權重和個人崗位績效評估值這兩個關鍵指標,將層次分析法和關聯矩陣法結合起來,計算個人貢獻價值系數,確定某個體在目標評估群中的權重,從而構建了全新的人力資源個人價值計量模型; ( 4 )選取了一家人力資本含量較高的it公司,將所構建的理論模型在該公司進行了實證檢驗,驗證了模型體系在實務中的科學性與可操作性,從而在一定程度上豐富了人力資源價值計量理論,推動了人力資源會計與現行會計核算體系的接軌。Based on the number of shares currently in issue and assuming full conversion of the company1s convertible preference shares, a total of 81, 752, 000 consideration shares will be issued. the consideration shares will be issued at an agreed value per share equal to 1. 05 times the consolidated net asset value per share of the company as at the completion date. based on the company1s published unaudited consolidated accounts as at 30 june 2003, the aggregate agreed value of the consideration shares is estimated to be hk 612. 0 million, and the cash portion of the consideration is estimated to be hk 1, 545 million
代價股份將佔中國工商銀行亞洲經擴大后股本的9 % ,按目前該公司的總發行股數及假設可轉換優先股已全部換股計算,發行代價股份估計共8 , 175 . 2萬股,代價股份的協議價同樣地亦按該公司于交易完成日之每股綜合凈資產值之1 . 05倍計算,目前估計代價股份之協議價值共約為6 . 12億港元,亦即現金部份預計約為15 . 45億港元。This text includes the preface and totally contain the following six parts : the preface, it introduces the original reasons about the evaluating of forest resources value ; the first part, discussing the basic theories of the evaluation of forest asset value and its checking, and it primarily includes the both side contentsione is a basic theories of asset evaluation, which introduce the three basic methods : namenly marketing method, income method and cost method ; the other is 《 the no. 41 of international accountant standard - agriculture 》 that its related rules point out the direction for the checking of forest asset value ; the second part, primarily discussing the four kinds of forest asset : namely the characteristics and evaluation methods of woodland asset, wood asset forest enviroment and forest landscape asset ; the third part, talking about specialities of accountant report forms and accountant checking of all categories of subjects of forest asset ; the four part, taking the example of shifang forest ry station of forest asset valuation circumstance, and after the analysis make an important conclusion that the forest and twood managements have the tremendous positive exterior - economic effection. in addition, the thesis take the example of forest resource evaluating and accounting about the station ; the fifth part, finally talking about doing the forest resources value evaluating and accounting well must do resolution problems and carry out the foreground of it
本文包括前言共有六個部分,概述如下:前言,談研究森林資產價值評估及核算的緣起;第一部分,論述森林資產價值評估及核算的理論基礎,主要包括兩方面內容:一是資產評估的基本理論,重點談了資產評估的三種最基本的方法,即市場法、收益法和成本法;二是《國際會計準則第41號? ?農業》有關規定為森林資產價值核算指明了方向;第二部分,主要論述四種森林資產,即林地資產、林木資產、森林環境、森林景觀資產的特點和評估方法;第三部分,談森林資產各科目的會計核算及會計報表的特殊性;第四部分,以什郁林場森林資產的評估情況為例,進行分析並得出結論?對森林、林木的經營管理,具有極大的外部經濟正效應,另外列舉了該場森林資產會計核算部分實例;第五部分,最後談到做好森林資產價值評估及核算還須解決的問題和其發展前景。Chapter 2 involves in difficulties to use dcf model in the valuation of the equity of non - listed companies. chapter 3 and 4 analyze two key problems mentioned above, viz. the measurement of wacc with the antitheses method in chapter 3, and based on the foreign research, chapter 4 gives the equation to determine the valuation discount for the lack of marketability of non - listed companies in china
第三章和第四章是針對第二章中提出的兩個難點問題分別進行了討論,第三章討論了採用整體價值評估模式的貼現率,即wacc的估算,重點討論了利用對比公司估算我國非上市公司股票系統風險及股權資本成本的方法;第四章借鑒國外的研究成果對我國非上市公司股權的缺乏流動性折扣進行了討論,並提出了確定缺乏流動性折扣率的方法。The statistical result shows that the average precision of rainfall intensity is over 80 % which varies largely with rainfall intensity grades using infrared cloud imagery parameters and the size of analysis field has slight effect on it. the monthly model make less improvement on p
對預測方程檢驗的結果表明:利用紅外資料估算未來6h的降雨量其總體樣本的平均正確率為80以上,但是在分級樣本上差別很大,這對小區域短時降雨預報具有很好的參考價值。分享友人