【摘要】 20世纪60年代以后,资本市场理论、资产组合理论突飞猛进地发展,为人们能精确估计企业资本化比率创造了有利条件。粗糙的DCF方法日臻完美,逐渐成为人们普遍认同的企业价值评估的主流方法。然而,基于对不确定风险处理的内在逻辑缺陷,导致DCF方法在使用过程中存在很大的局限性。更多还原

【Abstract】 The theory of capital market and asse ts combination made a rapid progress after 1960,it gave people a few of effective tools to estimate th e capital ratio of an enterprise.Being more and more perfect,DCF became t he chief way which people used to estima te the value of an enterprise,but DCF have some important limitation be-cause there are some logical defects when it is used to solve the problem of uncertain risk.更多还原