Value Evaluation Of Mixed Ownership Enterprises

At present,the reform of state-owned enterprises is the most important part of China's economic system reform,and the focus of state-owned enterprise reform is to achieve mixed ownership.In fact,mixed ownership has existed for a long time.However,in recent years,especially the convening of the Third Plenary Session of the 18th CPC Central Committee,in order to implement the relevant requirements of the state for deepening the reform of mixed ownership,we are constantly exploring ways to explore a mixed ownership economy.The reform of the state-owned enterprise's mixed ownership system has promoted the diversification of the company's property rights organization.It has also helped to establish a modern enterprise system and an open social financing mechanism without changing the control position of public capital.In the context of mixed ownership reform,there are also ills such as the loss of assets in China during the implementation process.Finding a scientific and reasonable evaluation method for assessing the value of mixed ownership enterprises is a new problem that the assessment community is facing.At present,such research at home and abroad is rare.Therefore,in today's booming mixed-ownership companies,it is far-reaching to study the evaluation models of such companies,but it is not easy to assess accurately.Firstly,by reviewing the latest research literatures on BS model and DCF model at home and abroad,the main ways to evaluate the value of mixed ownership enterprises are still a single valuation model,and the model combination is rarely explained.Secondly,the mixed ownership enterprises and enterprises are explained.The definition of the concept of value assessment and several commonly used evaluation methods;once again introduced the theoretical basis of enterprise value assessment,found that the single DCF model and the single BS model will be limited in the evaluation,pointing out the applicability of the DCF and BS combination model;After that,China Ping An Insurance Group Co.,Ltd.was taken as a case to divide the company's corporate value into two parts:the current business profit value and potential profit value.It is concluded that it is necessary and feasible to apply the combined model to evaluate the value of mixed ownership enterprises.The combination model improves and enriches the existing evaluation system;Finally,the conclusions are drawn,and the paper summarizes the full text.At the same time,it puts forward suggestions such as strengthening enterprise value management,discriminating the enterprise value composition,and improving the DCF and BS combination pricing model.The background of the application of the model is not deeply explored,and the evaluation pricing method is not perfect.In the shortcomings,looking forward to the future,I hope that this research can promote the smooth development of state-owned enterprises in the evaluation method.