Font Size: a A A

The Study On The Value Of Strategic Emerging Enterpirse Investment Based On The DCF Model

Posted on:2013-02-02Degree:MasterType:Thesis
Country:ChinaCandidate:D Y JinFull Text:PDF
GTID:2219330374461230Subject:Accounting
Abstract/Summary:PDF Full Text Request
As the international financial crisis's impacting the world economy, the developed countriesincreased their investment in technology innovation and accelerated new technology developmentand adjustment of enterprises, hoping to new economic growth point through innovation and theupgrading of enterprises and to the global virtual economy out of the overheating of the haze. Toseize the new round of enterprise technology revolution commanding elevation, which continue todominate the global economy? At present, China's economic transition and strategic emergingenterprise development has not yet entered continuously high investment stage, but as the newstrategic business planning to enter the implementation phase. High investment and continuedinvestment process will be vividly portrayed; by with the global resources increasingly scarcitymakes strategic emerging industry with the progress of science and technology in the global contextof rapid development, the strategic emerging enterprises as the carrier of the comprehensive nationalstrength competition intensified, National economic integration pattern formation. Human societyfrom the high consumption of enterprise society to a new strategic business society, Along with theworld resources become dry scorpion and the economic cycle fluctuation, The strategic emergingenterprises, Starts to impact on the world economy, and has injected new vitality to economicdevelopment. Strategic emerging industry is very large in the proportion in national economy, Hasbecome a national economic development level is the important sign of growth potential, Is the firstpillar of intellectual economy in a country, Embodiment of a country's comprehensive nationalstrength and international competitiveness. Fragment therefore countries all over the world,especially the developed countries in Europe and America. Attach great importance to the strategicemerging enterprise development.Purpose of value evaluation and value analysis is in order to find the business investment value,and investment value and management value. Is the commercial value of the expression, it is for themajority of investor's capital input and output, and make the enterprise stronger. Provide a strongscientific basis. Strategic emerging enterprises have great development space, There is a gooddevelopment prospect, Coupled with a strong country support and policy preferences, It is must haveinvestment value. So to buying some strategically burgeoning enterprise stock, also is the majority ofinvestors increase assets well platform.Of course, as long as the investment has the certain risk, Risk investment industry isdevelopment industry in recent years, is very important to enterprise development. If the enterprisewants to win the support of venture capital, its investment value must be home of venture capitalinvestment approval. Home of venture capital investment on the enterprise value judgment, One is torely on their own judgment and experience, The second is through the company analysis andvaluation On the target enterprise evaluation, in order to reduce the risk of investment.For strategic emerging research on valuation of investment value of enterprises this DCF model. Fora detailed exposition phased concept of strategic emerging business valuation methods and empiricalanalysis. Provides some significance for investors have access to methods for investment analysis,identify investment projects in order to get a higher return on investment.
Keywords/Search Tags:Value evaluation, DCF model, discounted cash flow valuation
PDF Full Text Request
Related items