On The Theory, Method And Applications Of Assets Valuation

It has been more than ten years since assets valuation became a profession field in China. Many theorists and men of action have spent much energy on it in such a short period, thus making a sound foundation for assets evaluation's development in our country. The shortage of the theory and methods on assets valuation at present gradually appears, as the fields it deals with have become wider and wider, and its content has become richer and richer.The present study of assets valuation theory is basically limited in the discussion of a few problems in the present theoretical framework. The basic concepts such as price, value, counting criterion have been discussed, but the discussion is rather from a practical point of view than from the analysis of its essence. There are also discussions on valuation methods, but they are just limited in the specific method used in a singular asset valuation instead of colligating and comparing the methods applied in different kinds of assets valuation. Based on practice, the author of this thesis indicates that the present problems in the theory of assets valuation must have some causes in depth. Only complete analysis and discussion on evaluation theories can solve them thoroughly. Different from other researches, this thesis gives an overall analysis on assets valuation theory and methods and intends to revise and correct the former theory and its framework. The study is based on practice and the author hopes that the conclusions will be helpful in practice.In an agreement that there are some restricted relations of the purposes, counting criterion, methods and results of assets valuation in the present theory, this thesis clarifies some basic concepts of assets valuation, negates the present theory which focuses generally on "public market price" or "public market value", puts forward the assets valuation theory system which centers on value, and sets up criterion whose main representation includes factor value and economy value. This thesis confirms the relations of new purposes and new counting criterion and of new counting criterion...