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Based On Monte Carlo Simulation,the Study Of Venture Capital Valuation Model In Shared Economic Enterprises

Posted on:2019-07-25Degree:MasterType:Thesis
Country:ChinaCandidate:W C LiuFull Text:PDF
GTID:2429330545473730Subject:Asset appraisal
Abstract/Summary:PDF Full Text Request
The rapid development of the Internet has created a new economic phenomenon-the Internet economy.More and more economic activities rely on the rapid development of information networks.On this basis,the sharing economy has become more popular.Among the share-economy enterprises,Didi hit a total of more than 15 billion U.S.dollars in venture capital investment,and currently shared bicycles such as OfO and Mob ike are also continuously financing.For such sharing economy enterprises,financing is an important measure for the expansion of the company's development.Therefore,under this background,as an investor,how to value risk assessment on shared enterprises is the research topic of this paper.Firstly,this paper elaborates the relevant research on the current sharing economy and venture capital,and analyzes the existing problems,and puts forward research ideas and research contents.Then,based on the characteristics of the shared enterprise and venture capital,this paper proposes to use the DCF cash flow method to calculate the value of the shared economy enterprise based on the Monte Carlo simulation.This article combines theoretical research with case analysis methods,and uses quantitative analysis and qualitative analysis to establish a valuation model to evaluate shared economy enterprises.Different from the traditional method of calculating accounting profits based on financial data,this paper mainly evaluates the value from two aspects.Due to when financing,most companies have not produced a more stable cash flow,and too subjective to predict the traditional cash flow method.In this paper,Monte Carlo simulation algorithm of excellent properties,the maximum possible decrease in the risk assessment of practical application in some respects too subjective caused by man-made operational risks and uncertain future risks,optimize the traditional cash flow model.On the other hand,calculate the value of the corporate network users.Taking into account the Internet characteristics of the sharing economy,Metcalfs law is used to calculate the value of enterprise users.Monte Carlo simulation optimization and Metcalfs law are used to comprehensively consider various factors.Therefore,the calculated value of the shared economy enterprise has certain reference significance.
Keywords/Search Tags:Sharing Economy, Corporate Value, DCF, Monte Carlo
PDF Full Text Request
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