【摘要】 几个世纪以来 ,经济学家一直在试图说明 ,只有经济利润才能够真正反映企业的价值创造能力 ,而会计利润则或多或少地扭曲了企业所创造的价值 ,因此必须进行会计调整才能够使会计利润与经济利润一致。经济利润在企业价值评估中起着非常重要的作用 ,本文从折现现金流方法入手 ,推导出企业价值和经济利润之间所存在的必然联系。更多还原

【Abstract】 For centurise, economists have attempted to reason that for a business to create value it must earn more than its cost of debt and equity. Value created is distorted in cerain degree as accounting profit is concerned. Therefore, accounting adjustments are necessary to show the true value of a business. Since economic profit plays an important role in business valuation, in this article the relationship between business value and economic profit is testified by introducing discounted cash flow.更多还原