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Value Assessment Of Chinese Internet Enterprises Listed On Nasdaq

Posted on:2020-11-24Degree:MasterType:Thesis
Country:ChinaCandidate:M L WangFull Text:PDF
GTID:2439330602461890Subject:Business Administration
Abstract/Summary:PDF Full Text Request
Great changes in the Internet era have created heroes.As a result,changes in the economic market environment tend to be complex.The continuous change of enterprises has injected new vitality into the market.At the same time,more and more enterprises have responded to the call of the govermment to take the Internet and other high-tech as the source of innovation and development,and actively promote social progress.All kinds of Intermet enterprises are springing up like bamboo shoots after a rainstorm,so the good and the bad are uneven.How to select high-quality enterprises in the complex market environment,we must return to the evaluation of enterprise value.Value,as one of the most important concepts in the capital market,reflects the circulation and change process of economic activities.Through the study of the theory of value evaluation,this paper finds that the traditional methods have already appeared fatigue and cannot meet the current fast changing economic environment and market demand.Therefore,on the basis of comparing the characteristics and applicability of various valuation models,this paper chooses EVA theory as a more advantageous valuation method for emerging Internet enterprises.In the process of building the model,combined with the characteristics of the target,the three-stage model is used to reasonably predict the future business development of enterprises,and on this basis,pioneering scenarios are introduced.Analytical method carries on more comprehensive subdivision operation to the prediction process,and reduces the error caused by accidental circumstances.In the process of analyzing and researching the model of economic value added,in order to exclude the influence of capital market differences on the results,this paper chooses the representative Internet companies listed in the United States to do empirical research,and analyses and summarizes the causes of the deviation.The results of model calculation also confirm the lag of capital market caused by the imperfect operation.Therefore,in the final edition,this paper makes an empirical study on the representative Internet companies listed in the United States.The paper also provides suggestions for improving the theoretical system of value assessment and the development of capital market.For the current situation of China's economic development,enterprises must continue to innovate,keep pace with the times and improve their competitiveness in order to better adapt to the times and vigorous development,so the value evaluation theory based on EVA model will show its great value in the future.
Keywords/Search Tags:value assessment, economic value-added, Internet enterprise, capital market
PDF Full Text Request
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