Study On Enterprise Value

With the development of property market, enterprise value is put forward by American administrative scholars at the beginning of the 1960s. In decades, enterprise value theory has made considerable progress in western developed countries. With the deepening of reform and the establishment of property market, enterprise value has been gradually introduced into China. It has been widely-used in enterprise management, enterprise property transaction, risk investment, circulating necessary funds in capital market, etc. As for the relevant researches, most of them focus on evaluation methods and new evaluation models exploration. Chinese theorists make much study on enterprise value, emphasizing on advanced evaluation methods introduction, or still follow old financial targets to evaluate enterprise value. Obviously, enterprise value theory involves not only financial date calculation, but also non-financial factors finding. And we should study not only evaluation methods, but also the ways on promoting enterprise value.The essay analyses the financial and non-financial factors which influence enterprise value, and tries to establish the system of financial factors which influence enterprise value. As for the non-financial factors, the essay analyses the influence in terms of skill, production, management and enterprise culture, etc. The essay also introduces common used evaluation methods, internally and externally, and applies real cases to introduce the usage. And it looks into how to revise the result according to the non-financial factors. In the end, the essay puts forward some useful suggestions on promoting enterprise value from the aspect of enterprise' s financial management strengthening and enterprise' s core competition cultivating.