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Research On Enterprise Value Evaluation Of A Technology Company Based On Economic Value Added

Posted on:2018-10-15Degree:MasterType:Thesis
Country:ChinaCandidate:Y LiuFull Text:PDF
GTID:2359330515488857Subject:Accounting
Abstract/Summary:PDF Full Text Request
In recent years,in order to promote economic restructuring,alleviate the high fina ncing costs faced by the economy and the high financial leverage,China is improving the capital market system,improving the capital market structure and playing the reso urce allocation function of the capital market.In today's knowledge-based economy,the interaction between capital markets and technological innovation will become stronger and stronger.A technology company's NEEQ market as the economy's most important,most dynamic,the most promising of the main body,attracting a large number of gro wing small and medium enterprises and high-tech enterprises listed,with its market siz e and influence of the rapid increase,The NEEQ market in China's capital market pla ys an increasingly important role,the market impact and coverage significantly expande d,but also attracted a lot of investors attention.As a rational investor,we should focu s on the potential of a firm to create long-term value.Through a more reasonable asse ssment method,there is a rational and reasonable assessment of the overall value of th e investment object,so that in a limited market,the value is underestimated,To carry out effective,rational value investment,reduce investment risk.For the managers of e nterprises,to master a set of scientific enterprise value evaluation method is also far-re aching.In order to pursue the long-term survival and development of enterprises,incre ase the intrinsic value of enterprises,to maximize shareholder wealth,is a business ma nager really need to achieve the goal.The traditional assessment method(asset base method,cash flow discount method,relative value method and option pricing method)has its applicability when applying to the NEEQ enterprise value evaluation of A technology company.In contrast,EVA e valuation The law has a stronger operability and scientific.EVA evaluation method co mpared with the traditional assessment method,the biggest feature is to consider the c ost of shareholders equity capital,the net operating profit from the tax deducted,and t he accounting project to do some necessary adjustments,more scientific and accurate measurement of the The value of the enterprise,for the enterprise investors,managers and regulators to provide a more valuable basis for decision-making.In this paper,the A-technology company listed on the new board is used as a res earch object to evaluate the value of the enterprise by using the economic value-added model to evaluate the value of the enterprise and to test its effectiveness.It is hoped that the information provider of the company Effective valuation tool to provide a ref erence for its decision-making;at the same time through the use of economic value ad ded by the typical representative of the A technology company to evaluate the results of the proposed model,and finally demonstrated its NEEQ market in the universal.
Keywords/Search Tags:Economic Value Added, Value Enterprise Valuation, NEEQ(National Equities Exchange and Quotations)
PDF Full Text Request
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