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A Study On Construction Of Value Evaluation Model Of Sichuan Agricultural Products Processing Enterprises Based On Dynamic Cash Flow

Posted on:2014-01-09Degree:MasterType:Thesis
Country:ChinaCandidate:Q P YaoFull Text:PDF
GTID:2269330425951299Subject:Agricultural Economics and Management
Abstract/Summary:PDF Full Text Request
China’s agricultural product processing industry has become a pillar industry of the national economy and basic industries, the agricultural products processing enterprises have developed rapidly in recent years. Sichuan relying on the abundant agricultural resources and regional characteristics agricultural product processing enterprises are growing, it is a realistic and very important subject that how to assess Sichuan agricultural products processing enterprise value scientifically and reasonably.In this paper, reviewed the relevant theories of enterprise valuation, describes how to use MM theory and real option valuation theory of Sichuan agricultural products processing enterprises. The second is the agricultural products processing enterprises, cash flow, corporate value conception, and the literature review at home and abroad are described. Especially on enterprise value evaluation research evaluation model of dynamic cash flow value,The main part of the article is aimed at Sichuan agricultural products processing enterprises dynamic cash flow valuation model adaptability improvement analysis, proposed the enterprise value is equal to the cash stock, business activities and investment activities generated cash flow discount and total net and the potential value and. On the basis of Sichuan region characteristic, the discount rate analysis when considering the rate of inflation and the risk reward Sichuan Sichuan agricultural products processing enterprises; in the assessment period of time is considered the main Sichuan agricultural products processing enterprises are reflected by the total net cash flow of business activities and investment activities of enterprise life cycle, the cash flow analysis is mainly based on time Sichuan agricultural products processing enterprises in the cash flow statement of the data. Listed agricultural products processing enterprise cash flow more in the model is improved on the basis of the enterprise, the listed agricultural products processing enterprise cash flow less enterprise, evaluation and analysis of unlisted agricultural products processing enterprises in case of enterprise value.According to the three cases of enterprise value evaluation process and the evaluation conclusion, put forward to improve the value proposition:Sichuan agricultural enterprises of agricultural product processing enterprises to increase business activities and investment activities of the total net cash flow generated at any time according to the external environment, adjust investment activities can promote the enterprise value, the second is to strengthen the risk consciousness, management and monitoring financial risk, maintain sufficient cash stock, finally is to establish an effective capital market government, increase the agricultural products processing enterprise information transparency.
Keywords/Search Tags:Sichuan, agricultural products processing enterprises, dynamic cash flow, enterprise value
PDF Full Text Request
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