矿业权价值评估研究

【作者】 包胜志；

【导师】 李元；

【作者基本信息】 昆明理工大学 ， 矿产普查与勘探， 2005， 硕士

【摘要】 本文以劳动价值论、风险报酬权衡理论和货币时间价值理论为指导,对矿业权的价值来源、价值构成和现有的评估方法进行了全面系统的论述,提出了一种新的评估方法——剩余收益比例分配法。全文主要研究内容可概括为以下四个方面: 1.系统论述了矿业权的评估理论和方法发展的状况以及发展的动因。 2.论述了矿产资源和矿业权的价值理论基础以及两者的价值构成。矿业权依托矿产资源而存存,但矿业权和矿产资源有着不同的价值理论基础,从而两者有着不同的价值内涵。矿产资源的价值理论以效用价值理论和稀缺价值理论为基础,加上马克思的地租理论,从而可以得出矿产资源的价值由绝对矿租和第一级差矿租两部分组成。矿业权以劳动价值论、风险报酬权衡理论和货币时间价值理论为基础,得出矿业权的价值由矿业权人投入的成本的现值、投入成本的时间价值和所有者权益(矿产资源价值)中留给矿业的部分超额利润三部分组成。可见矿业权价值的大小并不仅依赖勘探投入或者矿产资源的价值。 3.对常用的评估方法进行系统的研究分析,指出各种方法的优缺点以及存使用中应注意的问题。 4.在对现有评估方法系统研究的基础上,从矿业权的价值来源和构成进行深入分析,根据矿业投资的特点,提出一种新的评估方法——剩余收益比例分配法。即首先利用收益现值法计算出矿产资源的自身价值,然后减去国家以所有者身份收取的所有者权益,剩余的超额利润根据矿业权所处阶段的风险和投资额占矿业总投资的比例进行合理分配的一种评估方法。当资源税、资源补偿费和矿业权使用费一定时,国家留给矿业行业的超额利润应当是一定的,此时评估的实质应当是国家留给矿业行业的超额利润在矿业权不同的阶段之间的分配。矿业权存不同的阶段有着不同的风险和投资额,超额利润应根据矿业权的风险和投资额的大小进行合理分配。更多还原

【Abstract】 This dissertation discussed systematically the present assessment methods of mining right, the origin and the composition of the value of mining right on the basis of labor-value theory, risk-income theory and time value of money theory. It advanced a new appraising method of mining right(surplus profit rate distribution method).The main work in this paper is as follows:1 .Summarized systematically the development of assessment theory and methods of mining right, and the motive of development.2.Discussed theoretical foundations and composition of the value of mineral resources and mining right. Mining right value depends on mineral resource, but they have different theoretical foundations, the composition of value of them is different. The value of mineral resources consists of absolute mineral rent and the first differential mineral rent on the basis of effect value theory, default value theory and Marx s ground rent theory. The value of mining right is composed of present value and time value of investment, the part of proprietor rights(mineral resources value) that left to mining industry on the basis of labor-value theory, risk-income theory and time value of money theory.3.Made a systematic study on main mineral right valuation methods, and pointed out the merit and shortcoming of every kind of method and in usage the problem that should notice.4.Put forward a new appraising method of mining right (surplus income comparison allotment method) depend on systematic study on main mineral right valuation methods, analysis deeply at the source and the composition of mining right value and characteristics of mineral industry investment. It is a kind of valuation method that first compute the mineral resources original value, then subtract the earnings right of the nation, at last surplus profits reasonable allotment rely on risk of exploration stage and the rate of the amount of investment to the total investment.When Resource Tax, Resource Payment and Mining title user charge are invariable, surplus profits of nation left to mining industry should be invariable. The essence of valuation is surplus profits allotment to different exploration stages. Mining right has different investment and risk in different exploration stages. The allotment of surplus profits should think about these factors.更多还原