資產估價理論 的英文怎麼說

中文拼音 [zīchǎngūjiàlǐlún]
資產估價理論 英文
theory of asset valuation
  • 資 : Ⅰ名詞1 （錢財; 費用） money; wealth; expenses 2 （資質） intelligence; endowment 3 （資格） quali...
  • 產 : Ⅰ動詞1 （人或動物的幼體從母體中分離出來） give birth to; be delivered of; breed 2 （創造財富; 生...
  • 估 : 估構詞成分。
  • 價 : 名詞1. （價格） price 2. （價值） value 3. [化學] （化合價） valence
  • 理 : Ⅰ名詞1 （物質組織的條紋） texture; grain （in wood skin etc ） 2 （道理;事理） reason; logic; tru...
  • 論 : 論名詞（記錄孔子及其門徒的言行的「論語」） the analects of confucius
  • 資產 : 1. （財產） property; means 2. （資金） capital fund; capital3. [經] （資金的運用情況） assets
  • 理論 : theory
  1. Have project of project of a batch of deep know well to manage theory and practice experience the tall intelligence of code of hep policy is compound model talent ; register cost division, build engineer of manage of division, inspect, investment to seek advice from the of all kinds major such as division of rate of engineer, estate hold 80 % what job seniority personnel occupies faculty, among them 6 people provide advanced title ; at the same time the company still retained personnel of senior and a batch of famous experts, professor, advanced professional technology, lawyer, and the elite of familiar international convention, perfectness foreign language and it, the advisory expert warehouse that makes system of company much territory, much discipline, much class, network, become " your kind effort " internally the development, brain trust that serves external

    擁有一批深諳工程項目管理理論與實踐經驗並熟知政策法規的高智能復合型人材；注冊造價師、建造師、監理工程師、投資咨詢工程師、房地產估價師等各類專業執業資格人員佔全體員工的80 % ，其中6人具高級職稱；同時公司還聘請了一批知名專家、教授、資深高級專業技術人員、律師，以及熟悉國際慣例、精通外語和信息技術的精英，構成公司多領域、多學科、多門類、網路體系的顧問專家庫，成為「鼎力」對內發展、對外服務的智囊團。
  2. 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。
  3. The most significant feature of opm in m & a is its effective valuation on the uncertainty opportunity value, and a more correct valuation result will be got if the dcf and opm can be used together by dividing the value of the target enterprise to asset value and opportunity value

    期權定價理論在企業並購價值評估中的優越特徵在於它能有效評估不確定性的機會價值。將目標企業價值分為現有資產價值和機會價值分別用現金流貼現法和期權定價模型進行評估的應用框架能夠將兩種方法優勢互補，從而得到比較準確的目標企業價值。
  4. Based on the theory of competitive strategy of michael e porter, the paper gives an introduction on the present status of china chlor - alkali industry. the five competitive forces acted on china chlor - alkali industry, the evolvement trend of the industry and competitors are fully analyzed, the opportunities and the threatens given by the evolvement trend of the industry are evaluated. in view of the advantages, disadvantages and the resources possessed by liuzhou donghua company, the competitive orientation position and the corresponding marketing strategies, i. e. marketing mix ( including product, price, place and promotion ), innovation of marketing idea and seting up bilateral - benefit marketing relation of co - op, crm and innovation of marketing organization are brought forward

    本文以邁克爾?波特的競爭戰略理論為框架，介紹了中國氯堿行業的現狀，對作用於中國氯堿行業的五種競爭作用力及行業演變趨勢和競爭對手情況進行了充分的分析，並評估了行業演變帶來的機會和威脅，針對柳州東化公司的優勢與存在的缺點及其擁有的資源，提出了企業的競爭性定位以及與之相應的營銷策略，即營銷組合策略（包括產品策略、價格策略、通路策略和促銷策略） ，創新營銷觀念並建立「雙贏」的合作營銷關系，實施crm及營銷組織創新。
  5. The cash flow discount method is the most basic pricing principal among the varied financial asset pricing measures, and the main ideas of this method is that : firstly, the cash flow of the financial asset should be estimated, and the proper discount rate should be chosen ; secondly, the assessed cash flow is discounted with the chosen interest rate, and the results are added together to get the theoretical price of the financial asset

    在金融資產定價的方法中，現金流貼現定價是最基本的定價原理，其主要的思路就是首先估計金融資產的現金流，選擇恰當的貼現利率，然後將估計的現金流以選擇的利率進行貼現，最後加總得到金融資產的理論價格。
  6. ( 3 ) it proved that the factors such as technology, market, management, fund and policy environment make different impaction on the result of the valuation of the investment opportunity of hi - tech enterprise during different developmental phases. ( 4 ) the competition intensity, the time lag of investment and the riskless rate make great negative impaction on the option value of hi - tech enterprise. ( 5 ) the conclusion of analysis achieved from which the varieties of the market supply and the market demand make impaction on the result of the valuation accord with the conclusion of analysis achieved from which the varieties impact to price on economics

    本文的主要研究成果如下： （ 1 ）投資機會價值在高新技術企業價值評估中佔有重要的地位； （ 2 ）在提出的投資機會價值評估模型的基礎上，結合實際，深入探討隨機跳躍頻率下的評估結論對投資決策的影響； （ 3 ）從定性和定量兩個角度系統地說明了技術、市場、管理、資金及政策對評估結論的影響程度是隨著企業發展階段的不同而不同； （ 4 ）證明了外部競爭強度、投資的時滯和無風險利率對企業的期權價值評估產生極大的負影響，即外部競爭強度越強、投資的時滯越長和無風險利率越大，企業的期權價值就越低，反之就越高； （ 5 ）市場需求和供給的分析結果與從經濟學上的供需對產品價格的影響結論是一致的。
  7. From the second to the fifth chapter such problems concerning state - owned property right are illustrated respectively as its definition, valuation and price fixing and capital sources of undertaking party and the disposal and use of transfer income. problems are raised with regard to the process of current property right system diversity in state - owned enterprises, such as the disagreement to the definition of state - owned property right, no standard of evaluation, imperfection of price fixing system and relative confusion of transfer income disposal and use. what ' s more, new solutions are offered : the probe into state - owned property right definition " changsha model " is confirmed positively ; two specific ways of quantification - - " the method of average growth rate of state - owned property right " and " the method of average cost of labor in market " ; the concept " present value of earnings " is applied to the property evaluation of receivable accounts, finished goods, invisible assets and so on ; the unjust in price fixing of state - owned property right can be avoided by improving property valuation methods, perfecting capital market especially property right trading market and bettering information publishing system ; as to the guarantee problem of human resources financial contribution, an original key is offered

    第一章運用產權理論對國企產權多元化改革進行經濟學分析；第二章至第五章主要圍繞國有產權的界定問題、評估問題、定價問題、承接方的資金來源問題、轉讓收入的處置運用問題分別進行闡述，指出了當前國企產權多元化過程中存在著國有產權界定不統一、評估不規范、定價機制不完善、處置運用相對混亂等諸多問題，並提出新的解決思路：肯定國有產權界定「長沙模式」的積極探索意義，提出量化職工創造剩餘價值的「國有資產平均增長率法」和「平均市場勞動成本法」 ；將「收益現值」概念運用到對應收賬款、產成品、無形資產等資產評估之中；應從完善資產評估方法、完善資本市場特別是產權交易市場和健全信息公開機制三個方面來解決國有產權定價不公問題；就人力資本出資的擔保問題提出實際債務承擔額（比例）應小於名義出資額（比例）的新思路，並認為人力資本市場上的交易價格應包括絕對出資額和相對出資額兩部分。
  8. At first, this thesis analyzed some essential elements about the system of personal houe loan and make the compare to chinese and foreign system, and established the system of personal credit evaluate ; the second, the thesis discusses the investment technique and strategy of national debt in the provident fund, and established the model about how to invest the national debt ; the third, the thesis build the forecast model about fund collecting and drawing, and make use of the combination invest theories to build model of individual loan and national debt ; at last, the thesis analyses the risk ' s inside reason of house funds with the risk type, and to give out the related suggestion to funds risk. mechanism. the thesis research show me how to make use of that some models and methods in the process of haf management and make me deeply understand the house funds

    本文首先分析了個人住房貸款制度基本要素，即貸款期限、貸款利率與抵押物價值的比例、政府在個人住房貸款市場中的作用、貸款違約情況下的處置措施、個人住房貸款的流動性問題，並對中外製度作了比較，建立了個人信用評分評級體系和信用評估模型，並以重慶市住房公積金為研究對象做出了住房資金個貸風險評估的實證研究；其次，分析了影響國債價格走勢的因素，討論了公積金國債的投資技巧和策略，並建立了基於理論的國債投資組合模型；接下來，根據資產負債管理理論中的資金總庫法和資金分配法分析了公積金總體資金項目的來源和運用，並就此作了總量平衡模型，對住房公積金季度累計歸集金額作了直線回歸和季節趨勢比率預測，運用投資組合理論建立了公積金個人貸款和國債投資組合的最優化模型；最後，探析了住房資金風險的內在原因和風險類型，從資金籌集風險、信貸回歸風險、保險機制、法律風險和政策風險五個方面為住房資金風險防範機制建設提出了相關建議。
  9. This paper analyzes major problems in the practice of real estate appraisal from the perspective of theory and practice, explains the treatment of various property, including returns from intangible property, from capital and from chattel, discusses the problem of matching between the capitalization rate and net income. this paper also uses examples to define the content of various income from real estate and expenses to be deducted so that the outcome of the appraisal will be as veracious as possible. this paper provides its own view on the definition and treatment of various property such as intangible property and chattel property, concludes the contents of income from various real estates and expenses to be deducted, and applies and explains in real cases

    在這種形勢下，本文針對目前在房地產估價實務中存在的主要問題，在兼顧方法的理論可行性和實際可操作性的前提下，總結、分析說明了對各類收益性房地產非不動產收益，包括無形資產（無形因素或無形影響力）形成的收益、資本帶來的收益、動產帶來的收益等項收益的認定和處理方法，對資本化率與凈收益內容相匹配的問題進行了一定的探討，並通過實例明確了各類房地產收益和應扣減的費用的具體內容，使得估價的結果盡量地做到準確並且符合實際。
  10. The text use the reference of the foreign country ' s financial evaluation theory, discuss four methods of the evaluation, and discuss the advantage and disadvantages of the methods one by one. understand the meanings of the corporation value and maximize it, understand the significance of the maximize the value of corporation which use as the financial aim, and use it to the financial decision - making

    本文通過借鑒國外財務估價理論，初步探討了企業價值評估的四種方法? ?以資產負債表為基礎的賬面價值估價法、比較估價法、加總公司發行在外的各種證券的市場價值評估法、折現現金流量估價法，並分別討論其適用性和局限性，真正理解企業價值及其最大化的含義，明確了企業價值最大化作為財務目標函數的學科意義，並運用到企業的財務決策中去。
  11. In the part of investment and corporate finance theory, through analyzing the theory of time value of money, efficient market theory, capm model, option - pricing model, the concrete theory basis of the application of appraisal method

    在投資與財務理論部分，通過對貨幣時間價值理論、市場有效理論、資本資產定價理論、期權定價理論的介紹闡明了高新技術企業價值評估方法運用的具體理論基礎。
  12. 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。
  13. Business valuation based on modern economy is one of the most difficult and comprehensive professional work in asset appraisal, but also stands for the trend of the appraisal. as china implemented planned economy all the long in the past years, the concept of business value was proposed later than other advanced countries. the study on the theory and method of business valuation we made is relatively backward. all these lead to that we merely use cost method in practice. with the improvement of market economy, the validity of cost method is challenged. hunting for appraisal methods suitable for china circumstance has become more and more urgent. this thesis presents its own opinion on the adjustment of the basic frame of theory of business valuation. for the first time, it puts systems theory into the study of the theory base, and believes that the enterprise as a compound entity has higher efficiency than the sum of its constituent, and then proposes new appraisal assumption. aiming at the obscure understan ding, it analyses a group of conception related to business valuation. after giving a whole analysis and study, this thesis indicates the income approach which emphasizes earning - capacity of a enterprise should become the correct choice of china, and makes a further study on the origin - features and feasibility of this method

    植根于現代經濟的企業價值評估是資產評估中綜合性最強，技術難度最高的業務之一，也是評估業未來的發展方向，由於我國過去長期實行計劃經濟體制，企業價值概念的提出和運用時間較晚，缺少現代經營理念的積累，企業價值評估的理論與方法的研究比較滯后。本文試圖以理性分析和案例分析相結合的方法，系統研究和分析企業價值評估的基礎理論及其現實條件下，適應我國經濟發展的評估方法，以期為構建有中國特色的企業價值評估理論和方法體系做一些有益的探索。文章以企業價值評估的基本概念為起點，在對眾多關于企業性質的學說和理論觀點進行概括抽象的基礎上，指出了整體性、持續經營和盈利性是企業的重要特徵，依據企業的整體性運用系統方法闡明了企業的價值大於組成企業的單項資產價值之和，據此提出了反映企業價值評估特點的有機組合增殖假設；依據盈利性的特點，強調了企業價值評估的核心應為企業的獲利能力，而不是組建企業的成本；對企業價值、企業價值評估含義、特點的論述以及對相關概念的辨析表明了作者的個人觀點和文章的基本定位，而從評估目的入手劃分的以產權變動為目的的企業價值評估和以財務決策為目的的企業價值評估與企業價值評估的假設、評估核心共同決定了評估方法的選用。
  14. Because this kind of right is similar to option and regarded as call option, it is logical to draw lessons from the theory of option pricing to evaluate mineral resources assets

    因此，建立能考慮和處理礦山經營者在經營管理中的靈活性的礦產資源資產估價方法是非常必要的。 black 、 scholes和merton提出的金融期權理論為此提供了基礎。
  15. The creative work is as follow : ( 1 ) setting up a basic model of evaluating mineral resources assets based on the basis of the option a investment portfolio, consisting of mineral product, mineral resources assets and riskless interest rates, has been structured and a basic model of evaluating mineral resources assets based on option has been set up

    本文基於該理論對礦產資源資產估價方法進行了系統研究。主要的工作和結果如下： （ 1 ）建立了基於期權的礦產資源資產估價基本模型構造了由礦產品、礦產資源資產期權和無風險利率組成的投資組合，推導出基於期權的礦產資源資產估價基本模型。
  16. Secondly, aiming at the current situation of intangible assets investment in the parks, the shortcoming of the operation mechanism related to the intangible assets in the parks is analyzed. the theory basis about the capitalization of intangible assets is stated according to the economic theory of capital and revenue distribution, capital and economic effects. the paper presents the viewpoint that the capitalization of the intangible assets is the effective way to realize the sustainable development in the parks. the operation mechanism about the capitalization of the intangible assets is analyzed

    首先對農業科技園區、無形資產資本化的基本概念進行了界定，分析了農業無形資產的特殊性；其次針對我國農業科技園區中無形資產投入的現狀分析了農業科技園區中無形資產運行機制的弊端；根據經濟學關于資本與收益分配、資本與經濟效益的理論闡明了無形資產資本化的理論依據；提出了無形資產資本化是實現農業科技園區持續發展的有效途徑的觀點；分析了農業科技園區無形資產資本化的運行機制；最後對農業科技園區無形資產資本化過程中的產權界定、價值評估和風險及防範等問題作了進一步闡述。
  17. The thesis is based on the modern investment portfolio theory of markowitz ( who was awarded the nobel prize in 1990 ) and the capm of william shape ( who was awarded the nobel prize in 1990 ). first, it introduces briefly the nature and feature of securities investment in china and the development situations at home and abroad ; reveals the necessity and reality of developing securities investment funds and the performance evaluation research. next, it systematically expounds the major approach of investment fund performance evaluation and two representative performance evaluation systems in foreign countries ; introduces about the representative approach in china, and especially points out the insufficient investment fund research narrow investigation, one - side evaluation and lacking analysis on investment portfolio of investment fund

    夏普（獲1990年諾貝爾經濟學獎）的資本資產定價模型（ capm ）的理論基礎上，系統地闡述了國外關于投資基金績效評估的主要方法和兩種最具有代表性的業績評價體系的同時，介紹了我國目前關于投資基金關于績效評估具有代表性的方法，特別指出了我國對投資基金研究這一方面的不足；對投資基金績效評估的考察面不廣；對投資基金的業績評價較為片面；缺少對投資基金投資組合的分析。
  18. ( 2 ) the thesis offers an actual case using the income approach to assess the value of the shipping enterprises that appear on the market and make profit, hi the course of valuation, the grey system theory is employed to forecast the future income of the shipping enterprises

    （ 2 ）用實例演示收益現值法在上市盈利航運價值評估中的應用，其中用灰色系統理論對航運企業未來收益進行預測，用加權平均資本成本模型和資本資產定價模型確定折現率。
  19. On the basis of the clear concept and theory of " suggestion of assets evaluation " s operating standards " enacted by our country " s national assets management bureau this essay makes a deep research and analysis on our country " s current goodwill " s concept, characteristics and value " s effects and also points out the existing problems and puts forward the goodwill " s concept of my own. on the basis of the study of the goodwill " s concept, this essay makes a study of our country " s current two major goodwill " s valuation methods and also analyses the theory basis and prerequisite on it " s applying, and moreover, this essay points out the existing problems of the approach of extra profits and put forward the improving suggestions, and also probes into fussy valuation method

    本文在充分吸收國內外商譽理論和商譽評估理論研究的基礎上，從商譽的基本含義和科學概念入手，界定了商譽的基本構成要素、特徵和分類；以價值理論和資產評估價值論為起點，分析了商譽的價值構成，商譽評估的前提、目的和存在的問題；在全面對比分析了資產評估基本方法的基礎上，對商譽評估的超額收益法和余值法進行了詳細的分析和例證，提出了兩種方法的應用原則；最後應用層次分析法和模糊數學的方法，探索性地提出了商譽的模糊評估方法，豐富了商譽評估的理論和方法。
  20. For this, this thesis sets out from characteristic of intangible assets and theoretical foundation of intangible assets valuation, studies from the normal operation of whole enterprise, and be based on the assumption of running continuously and open market, to make a objective and sound judgment of the intangible assets market value that belongs to the new high - tech enterprise using the ahp

    為此，本論文從無形資產本身的特點和無形資產評估的理論基礎出發，站在整個企業正常運作的角度，依據持續經營假設和公開市場假設，對高新技術企業所擁有的客觀存在的無形資產在正常情況下所表現的市場價值，運用層次分析法建立評估模型，對其市場價值作出客觀公允的判斷。
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