Empirical Research on Adaptability of Enterprise Value Models

摘要：

On the basis of section data of the Chinese capital market, this paper gives an empirical test on the adaptability of DCF and RIV pricing model in enterprise valuation. A comparative study is also carried on between the two methods, the result of which indicates that there is a positive correlation between the result of enterprise valuation given by DCF and RIV pricing model and the market value of enterprises; the results of enterprise evaluation given by these two models has remarkable explanatory capability of enterprises market value and are therefore effective to evaluate enterprises value; RIV model has stronger explanatory capability than DCF model, while the valuation result given by RIV model is better than DCF model.

关键词： Enterprise valuation DCF pricing model RIV pricing model Adaptability

作者: MA Dong

作者单位: Specialty of Social Project and Management, Harbin Institute of Technology, Harbin, P.R.China 150001 School of College English Teaching and Research, Qiqihar University, Qiqihar, P.R.China 161006

会议类型: 国际会议

会议名称: The 5th International Conference on Product Innovation Management(第五届产品创新管理国际会议 ICPIM 2010)

会议地点: 武汉

会议语种:英文

页码: 590-595

在线出版日期: 2010-07-10（万方平台首次上网日期，不代表论文的发表时间）