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Research On Building Evaluation System Based On Private Equity Investment

Posted on:2013-09-13Degree:MasterType:Thesis
Country:ChinaCandidate:M ZhangFull Text:PDF
GTID:2429330491456830Subject:Accounting
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Private equity is essentially the optimal allocation of a new market.The investor has capital advantages,and investors has its unique advantages in the company's growth,industrial or technical.Combination of both,they can not only take advantage of the qualified investment those idle funds,but also to meet the investment company's capital requirements and improvements,making the company grow more quickly,and finally achieve mutual benefit and win-win on this basis.Therefore,it is one of the most important way for the lack of China's financial market financing channels.Swarmed the trend in private equity funds,a large part of investm ent ended in failure.One important reason is that the valuation aspects of the lack of scientific judgment,the value of the investment company valuation unreasonable,leading to blind investment.At one extreme is to copy the U.S.private equity valuation models and methods,combined with China's actual conditions to improve;while the other extreme is the excessive competition in the state of the private companies to invest in valuation judgment based on the subjective views and experiences,and even regardless of the actual situation to raise prices to the highest bidder exists.Open specifications for the entire market,have played a negative impact.Therefore,it is necessary to build evaluation system based on private equity investment.Based on the above considerations,the article choose this subject to study.This article is divided into seven parts,each part of the following major elements.The first part:The introduction.Explain the research background,significance,research ideas and research methods.The second part:The literature review.Reviewing the origin and development of company valuation,and the valuation based on private equity investment in China.The third part:The theoretical analysis.Defined the concept of private equity and corporate valuation,and further elaborated the theoretical basis of this paper.The forth part:Analysis.The analysis pointed out that China's private equity investment company valuation problems,and evaluation of existing assessment methods.Theory leads to the necessity of this article to build the value of the company evaluation index system.The fifth part:Case studies.Specific investment cases described in the valuation methods of investing company A,analysis of its shortcomings in practice leads to the need to build the value of the company evaluation index system.The sixth part:Building evaluation system based on private equity investment.First,the basic concept of the system,and then describes the necessity of building a private equity firm value evaluation system,build-time principle,the basic content of the system,and finally the use of this system,in the case of Company A re-analysis and evaluation.The seventh part:The problems that need attention in the value of the company evaluation index system application.In this paper,it combines normative research and analysis.Linking theory with practice,quantitative analysis and qualitative analysis,it makes the combination of static and dynamic combination of history and the future to determine the principle combining and uncertainty in the current situation analysis,as well as through analysis and evaluation of existing cases on this basis.Under the perspective of building a evaluation index system,it helps practice some guidance.The main contribution of this paper are:the characteristics of private equity investment under the perspective of private equity investment company valuation to be more targeted,and more focus on the company's future growth.Constructed on this basis,the evaluation system is built on a private equity perspective.
Keywords/Search Tags:Private equity investment, Value of the company, Evaluation system
PDF Full Text Request
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