【作者】 梁文；

【导师】 甘霖；

【作者基本信息】 广西大学 ， 高级管理人员工商管理硕士（专业学位）， 2017， 硕士

【摘要】 企业价值评估产生于产权交易越来越频繁并越来越多样化的背景下,是社会经济发展不可或缺的一部分。无论是公司的管理者还是外部的投资者想要对设立公司、进行企业兼并、收购、股票发行销售等这一系列投融资资本活动,都需要有企业价值评估报告做为重要前提。随着我国经济飞速发展和全球经济一体化不断加深,使得不同建筑企业之间的重组并购、风险投资等一系列股权交易活动日越来越多,而作为这些非常规的交易“商品”或事项交易在资本市场上定价的基础和依据的企业价值评估,在这里面的重要作用表现得越来越明显。这篇研究不仅介绍了选题的背景、理论和相关的现实研究意义,而且有力地分析了对LK公司进行价值评估是十分有必要的。这篇研究对于影响LK公司企业价值的关键因素作了着重的分析;根据LK公司的实际发展情况,对比分析现在世面上最受认可的三大企业价值评估的方法分别有什么优点和缺点以及它们各自适用什么条件后,得出折现法是评估LK公司价值的最合适的办法。最后把企业的股票价格和最终评估结果进行分析比较后认为:折现法在评估LK公司企业价值时有很强的科学性和有效性,实用性很高,有效的推动了LK公司的企业价值评估理论和方法的发展和完善。本研究主要在理论层面上研究LK公司的企业价值评估理论,推动了 LK公司企业的企业价值评估理论的创新和发展;企业价值评估这一企业价值管理策略兴起的时间并不长,但是它作为一个管理工具,能够科学有效地帮助企业管理层发现企业深层次的赢利机会,并选择最好的组合进行投资,使得企业的竞争力不断提高。更多还原

【Abstract】 The enterprise value evaluation is the indispensable part of social economy development,which is generated by the increasingly frequent and increasingly diversified property transactions.Whether the company’s managers and outside investors want to set up companies,enterprise mergers,acquisitions,stock issuing sales,etc.This series of capital investment and financing activities,enterprise value assessment would have to be as an important prerequisite.Along with our country’s rapid economic development and the deepening economic globalization,make different between construction enterprise restructuring mergers and acquisitions,venture capital and a series of equity trading day more and more,and as "commodities" in these unconventional business transactions or matters in the capital market pricing and basis of enterprise value evaluation,the basis of the important role here to behave more and more obvious.This study not only introduces the background,theory and relevant research significance of the topic,but also analyzes the value assessment of LK construction company.This study focuses on the key factors that affect the enterprise value of LK construction company.According to the actual development of LK construction company,comparative analysis is now in the three most recognized international enterprise value assessment methods of what are the advantages and disadvantages respectively,and their respective applicable after what condition,it is concluded that free cash flow discount method is to evaluate LK company value the most appropriate way.Finally,the enterprise’s share price and the final assessment result carries on the analysis comparison,concluded:free cash flow discount method in the evaluation of LK construction company have strong scientific nature and effectiveness of enterprise value,high practicality,effectively promoting the building LK company’s enterprise value assessment theory and method of development and perfection.This study mainly studied the value evaluation theory of enterprise of LK construction company on the theoretical level,which promoted the innovation and development of enterprise value assessment theory of LK construction enterprise.At the practical level,the Chinese architecture is studied as a case study,so that the free cash flow discount model verifies its own scientific validity at the actual case level.Enterprise value assessment the management strategy of enterprise value is not a long time,but as a management tool,it can effectively help enterprise management science found enterprise deep profit opportunities,and select the best combination for investment,makes the enterprise the competitive ability constantly improve.更多还原