Comprehensive Evaluation Method And Application Of Corporate Finance

Finance synthetic evaluation is a method of which completely analyzing and evaluating the capacity of gained profit, payment on a debt, operation ability and development capacity to get a round view of the enterprise's financial conditions and make judgments on enterprise's financial levels for government, investors, debtors and other stakeholders. This method is very useful for operators to improve the efficiency of management, for investors to improve the level of their decision-making, for loaners to guarantee their profits, for economical management department of government to improve the level of macro suit and control. However, in today's financial management of our country, the financial appraisal analysis is usually despised and methods for financial appraisal and analysis are always lagged, these have caused a shortage of theatrical research and practical application in the field of financial appraisal and analysis. As far as I have concerned, it is necessary for us to study the method of financial synthetic evaluation.This dissertation has firstly stated the current research background, studied the present situation of financial synthetic evaluation, analyzed and promulgated existing limitations on it and forecasted the trend of financial synthetic evaluation research. Then it has analyzed the insufficiency of existing financial appraisal indexes and supplemented some new financial appraisal indexes. Furthermore, this dissertation has screened some indexes by means of expert investigation method and statistical method and established the superior financial appraisal index system. Hereafter, it has found the different importance of each financial index according to experts' investigations and statistical methods and determined various financial weights objectively. Then, this thesis has introduced the concept of variable weights into financial appraisal, which is namely called financial synthetic evaluation method based on variable weights. It has established the penalty vector on variable weights basis and constructed the financial synthetic evaluation model on variable weights basis. This model has fully taken the advantages of using each financial synthetic evaluation method, reflected the enterprise's financial conditions objectively and enabled the enterprise to pay more attention on each financial norm to keep a sustainable development. Finally, this dissertation has given a financial synthetic evaluation of listed corporations by new methods and got a new ranking for listed corporations. The new ranking will give the economy control sections of government, investors, operators, creditors and other stakeholders a new frame of reference and enable the financial synthetic evaluation to have applicable significance in financial practices.