【摘要】 股权估值方法是建立在预期基础上的。由于关键估值变量的不同选择,产生了三种基本的股权估值模型:红利贴现模型、贴现现金流量模型和剩余收入模型。本文对三个基本模型进行了理论和实证的分析、综述,研究了基本模型之间的关系,比较了基本模型及其引申模型之间的优劣。更多还原

【Abstract】 Equity valuation techniques are based on forecasts. Three fundamental equity valu-ation models result from different choices of key valuation forecast variables. Thesemodels are: discounted dividend model(DDM), discounted cash flow model(DCF)and residual valuation model(RL). After discussed contents of these models andanalyzed relationships between them, the author concludes with the fact that thereis no absolute advantage among these three models.更多还原