The Research Of Enterprise Evaluation Methods Based On Corporate Life Cycle Theory

In recent years, the rapid development and improvement of capital markets has promoted the flows of the economic resources greatly, the property transactions such as mergers, acquisitions and restructuring have flourished. The behavior of investors has shifted from blind entrance into the market to rational investment, the managers starting to focus on the long-term interests of shareholders and companies, rather than take short-term behavior just for the sake of immediate interest.Along with the gradual standardization of the capital market, the traditional financial management indicators ignored the time value, enterprise risk and other important factors that affected the development of enterprises so as to can not adjust to the complex economic environment. The value management has taken full account of the needs of various stakeholders, and has gradually become the mainstream theory of the modern enterprise financial management. The core of value management is business valuation, and in our country the business valuation has a late start, due to the impact of traditional values and the restriction of our country's imperfect market economy system, the business valuation methods developed slowly. Therefore, taking the current situation of our country's enterprise into account, it has important theoretical and practical significance to establish a value evaluation system according to different development stages of enterprise that suit for China's national conditions.This article is based on theoretical analysis, and combined with the use of chart analysis,case analysis and comparative analysis, first summarize the theories and methods of current business valuation, and then analyzed the characteristics of enterprise at different development stages and combined with corporate life cycle theory. On this basis, select the appropriate valuation method according to different development stages of enterprise, in order to achieve the purpose that evaluates the enterprise value more accurately and scientifically, and expounded the process of selection and application of the valuation methods systematically, and hope this study can provide more ideas for business valuation.