凈值估價法 的英文怎麼說
中文拼音 [jìngzhígūjiàfǎ]
凈值估價法
英文
equity method of valuation-
So we consider five financial indexes includes stock b / p, e / p, current stock size, current stock stru and financial levge by the international tradition, then descriptive statistical test method and cross section statistical test method proved that b / p and current stock size have marked effect on the securities yield besides coefficient b. in the third chapter, the article fut forward a risk factor model, estimates yield sequences of every risk factor by weight regression, and then estimates each risk factor coefficient of different stock by time sequence regression, at last we can reckon the portfolio risk o2p and yield rp which consists n stocks
結合國際慣例，文章考慮了股票的凈值市價比（ b p ） ，市盈率倒數（ e p ） ，流通規模（ size ） ，流通比例（ stru ）和財務杠桿（ levge ）等五個財務指標，應用描述性統計檢驗和橫截面統計檢驗等多種方法，結果表明，除系數以外，凈值市價比（ b p ）和流通規模（ size ）對證券收益率部有重要的影響。在論文的第三章，提出了一個基於多因素的風險因子模型，並用加權回歸和時間序列回歸等方法估計出了不同證券的各風險因子系數（類似於單指數模型中的系數） ，據此，即可衡量出一個包括n只股票的組合的風險_ p ~ 2和收益率r _ p 。The key tasks of this paper mainly include : ( 1 ) puting forward the emphases and difficulties of enterprise m & a decision, and holding that decision - makers should make decision according to the principle of value creation ; ( 2 ) setting up estimation model of value creation in m & a, including synergy effect model, m & a transaction and evaluation model, m & a net income model, etc. ; ( 3 ) explaining the application of virous valuation method and discussing how to choose proper valuation method in m & a decision ; ( 4 ) studying the valuation of synergy effect after calculating the independet value of both enterprises respectively before m & a and the combined enterprise after m & a by discount cash flow method ; ( 5 ) studying the valuation of the target enterprise ' s expected value, in which general target enterprises are valuated with several kinds of valuation techniques while high - tech target enterprises are valuated by option pricing model
在研究過程中，本文試圖運用價值評估技術，在並購決策中確立一套較為完整的價值分析方法，以使決策者有效的判斷並購能否創造價值，從而作出正確的並購決策。本文的核心工作主要包括： （ 1 ）提出了企業並購決策的重點與難點，認為決策者應根據價值創造原則進行並購決策。 （ 2 ）建立了並購創造價值的估測模型，具體包括協同效應模型、並購交易估價模型和並購凈收益模型。Based on research progress on economic value of ecosystem services, taking shenzhen for instance, the authors analyze the functions of ecosystem services such as conditioning climate, fixing carbon and releasing oxygen, preserving soil, keeping waterhead, purifying environment, and restraining noises. economic values of all the six kinds of ecological service functions are calculated
綜述國內外生態系統服務功能價值評估相關研究進展，以深圳市為例，運用生態經濟學原理與方法，闡釋了生態系統調節氣候固碳釋氧保持土壤涵養水源凈化環境和減弱噪聲等生態服務功能，對其經濟價值進行評估。Based on theories and methods of ecological economics, we explain the functions of ecosystem services in chengdu city, sichuan province of china such as conditioning climate, fixing carbon and releasing oxygen, preserving soil, keeping waterhead, purifying environment, and restraining noises, and estimate the economic value of it
摘要運用生態經濟學原理與方法，闡釋了成都市生態系統調節氣候、固碳釋氧、保持土壤、涵養水源、凈化環境和減弱噪聲等生態服務功能，對其經濟價值進行評估。This article, firstly, analyzes the uncertainties in the process of investment analyses, and reveals the nature, classification and characteristics of uncertainties. secondly, the article raises the theory basis of solving the uncertainties - the theory of options and the game theory, and analyzes the possibility that using the theory of options and the game theory in the analyses of investment. thirdly, the investment projects are classified according to new standard, and then the article raises the different method for different investment projects
但是傳統的投資項目可行性評估一般採用的是凈現值法，這種方法認為投資項目的成本可以在投資后以某種方式收回，而不使企業蒙受損失，並且這種方法未能考慮到投資的靈活性問題，忽略了與投資項目相關的各種不確定性因素，而正是這些不確定性因素形成了投資項目的投資機會價值，因此使用傳統的投資分析方法可能會造成企業項目投資價值的低估和投資不足。Secondly in enterprise valuation cost method should proceed with book value of the financial statement, regard market value as adjusting orientation and reduce application range of cost method. when income method is adopted, four principles should be paid attention to : a : stage - by - stage income model should be used which is made by early stage income current value added by later stage income increase. b : net profit and net cash flow should be the majority of income volume
其次為：企業價值評估採用成本法應從財務報表的賬面價值入手、以市場價值為調整目標、減少成本法的應用范圍；採用收益法應以前期收益現值加後期收益額遞增的分階段收益模型，收益額以凈利潤、現金凈流量為主，收益預測以企業未來發展潛力分析為前提的銷售收入預測為主導，折現率堅持不低於無風險報酬率等四項原則，系數以回歸方程的測算為主；市場法中參照物企業選取應以同行業企業為基準、擴大數據來源，注重評估比率可靠性驗證、利用多種比率的配合等。The sub - committee noted an information paper on certain refinements to the methodology for decomposing past changes in the backing ratio into three components : autonomous changes in the monetary base, net interest income from investments, and revaluation gains or losses
個組成部分的方法作出若干改進，這3個部分是貨幣基礎的自主變化投資的凈利息收入，以及因價值重估的收益或虧損。Where the net amount of the fair value of an asset minus the disposal expenses cannot be estimated reliably according to the provisions as described above, the enterprise shall regard the current value of the expected future cash flow of the asset as the recoverable amount of the asset
企業按照上述規定仍然無法可靠估計資產的公允價值減去處置費用后的凈額的，應當以該資產預計未來現金流量的現值作為其可收回金額。According to the variety and complexity of foreign direct investment, this paper tries to build an evaluating matrix of foreign direct investment to evaluate transnational investing item based on apv
針對跨國公司直接投資項目的多樣性和復雜性，基於調整凈現值法，試圖建立一個對外直接投資項目評價模型，以用來合理評估跨國投資項目。For the unreasonable pricing pricipia of sosrh thus an unacceptable had been taken by the market, and therefore the pricing pricipia should be the major element within the sosrh applied structure. author argues that the net asset basis pricing method must be the proper way to solve such problems due to the unstable share price, such as the unregular add - value of net asset. and the net asset basis pricing method also could make an contribution to the full - run reform of state economic system
兩次試驗不浙江大學學位論文國有股減持模式及對我國證券市場和公司治理結構的影響被市場接受的共同點是國有股減持在定價原則上的不合理，由於國有股在資產評估和發行后的二次增值，已使每股凈資產存在較大幅度的溢價，因此以凈資產作為定價基礎是較為現實的做法，只有在減持價格上作一定讓步，才能順利、徹底地解決這一難題，我們應從推進市場化進程的長遠角度加以考慮，讓步不是妥協，是為了完成我國經濟體制改革的總體規化。分享友人