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A Study On The Evaluation The Value Of New Business Venture

Posted on:2006-05-27Degree:DoctorType:Dissertation
Country:ChinaCandidate:Q Y LeFull Text:PDF
GTID:1119360185496492Subject:Technical Economics and Management
Abstract/Summary:PDF Full Text Request
It goes without saying that small and medium-sized enterprises(SME) has played an important role in the whole country's economy, so the government of every country pays much attention to the development of SME and issues many polices. The common problems that SME faces during the process of development is financing.There is an antinomy in practical economic activities. On the one hand, there are privately held business whose capital is accumulated quickly and need external investment. On the other hand, the problem that small and medium-sized new business venture faces during the process of growing up is financing, but it is difficulty to finance at the same time.In order to achieve financing share capital in SME, we solve this problem with considering and summarizing the term of successful financing over and over again. We think that the term of successful financing concludes four elements: firstly, the term of successful investment; secondly, the expression why the enterprise can success; thirdly, the channel of financing; and the last, credit.According to the first problem, the term of successful investment is that business which has successful financing will be successful in operating management. There are problems on theory ideas in most enterprises. They regard the financing as objectives. In fact, financing is an instrument not a final objective. The final objective is to achieve the success of future operating management. As an enterprise preparing for financing, it is necessary to research the term of success in investing our own item. In this sense, the essential of financing is investment problem, the capital we financed will be used in our own item.In fact, in the second question, the condition of the success of financing is not strictly equal to the one of success of investment. The enterprises preparing for financing believe that the investment in which the coming treasury was put into themselves projects must be successful, but the potential investors don't think so. So, the enterprises preparing for financing must explain articulately to the potential...
Keywords/Search Tags:SME, investment value, valuation
PDF Full Text Request
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