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Based On The Secondary Market Right Angle Of View Of Enterprise Value Evaluation Research

Posted on:2013-08-12Degree:MasterType:Thesis
Country:ChinaCandidate:Q Q ChengFull Text:PDF
GTID:2241330371470559Subject:Accounting
Abstract/Summary:PDF Full Text Request
Environment is an important resource of human society, but with thesocio-economic development, environmental pollution has become increasinglyserious. In order to address environmental issues, since the 20th century, Nations ofthe world to take a variety of environmental management instruments to mitigateenvironmental problems. China also faces challenges to solve pollution problems inthe rapid economic development, the current environmental management policies andpractices, it is difficult to deal with difficult tasks to reduce emissions of pollutants. Inorder to reduce confrontation between the economic and environmental, a means iseffective implementation of emission trading system. It is a kind of environmentaleconomic instruments, made in the 1970 of the 20th century, and has been widelyused in the world, but there are still some outstanding issues of theory and practice. Inour country, as the emission trading system has a short run time, enterprises under theemissions trading market valuation of emission theory and application study onimportant and is substandard.Under this article the total amount control of pollutants emissions trading as abackdrop, stood in the angle of the emission trading on China’s enterprises under thesecondary market cap and value evaluation system. First overview of CAP and valuetheory, including the concept of emission and emission trading, Cap and valueassessment of levels, two corporate emissions based on the market value ofenterprises based on the meaning, the secondary market cap valuation feature andprinciple; Secondly based on the emission trading system in our country, moresystems to assess factors affecting the value of corporate emission analysis; Again, forthe emission of special properties, comments on market approach, the incomeapproach, cost method and other methods of assessment in the area of evaluation ofemission values of applicability, Are selected on the basis of the above analysis of thefuzzy comprehensive evaluation method to evaluate emissions, further using fuzzycomprehensive evaluation method of construction enterprise based on the secondarymarket cap valuation models; Then CAP and assess risk factors–assessment,evaluation parameters subject practice quality factors, assessment, and evaluationresults using factors and evaluation of environmental factors of the five regard carriedout a detailed analysis, as well as specific measures to control these five risks; Finally,to cap and trade in the two main trading object of SO2emissions and COD (chemicaloxygen demand) emissions, for example, emission values to validate value evaluation model and its application in practice.This article on corporate emission factors affecting the value of in-depth researchand analysis, and on the basis of construction enterprise based on the secondarymarket cap valuation models, that for companies participating in emissions tradinghave a certain significance. This article makes up for the secondary market cap andvalue appraisal theory of enterprises from the angle of vacancies, for theimplementation of the emission trading system in our country has a role in promoting,is of great theoretical and practical significance.
Keywords/Search Tags:Pollution Permits, Emission Trading, Value Assessment, Secondary Markets, Fuzzy Comprehensive Evoluation Method
PDF Full Text Request
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