期权估价法在企业价值评价中的 ...(国外英文资料).docVIP

期权估价法在企业价值评估中的 ...(国外英文资料) Analysis of the application of option valuation method in enterprise valuation Guo Jingxian Yang Huafeng (School of management, Shandong University of Technology, Shandong, Zibo 255049) Abstract: the enterprise in the process of its development, will face a lot of investment opportunities or options, these options or investment opportunities is valuable, can not be ignored in these values accurately, a point estimate the value of the enterprise. While many of the value assessment methods, including discounted cash flow method is widely used in practice, can these investment opportunities or the value of the option is reflected in the value of enterprises, the enterprises will inevitably lead to underestimate the value of the option valuation method, it can compensate for this deficiency. This paper mainly analyzes the application steps of option valuation method in enterprise value. Key words: option valuation method, enterprise value, option Analysis, on, the, application, of, option, quotation, method In business enterprise value Abstract: In development process, Business enterprise faces a lot of investments opportunity or choice opportunity these opportunities, is worthy, these values cant neglect.But in many methodes, include the cash discharge method, the value of both these opportunity to investses and option cant be reflected on the business enterprise value, this will cause under-estimation value in business enterprise.The option quotation method can make up this shortage.In this text, the applied step of the option quotation method is proceeded analysis. Keyword:, option, quotation, method, business, enterprise, value, option Developed in 1970s after the option valuation method is based on the theory of option valuation, give full consideration to the management of enterprises in the future investment opportunities or have the value of the option, and then a method of evaluating the enterprise value. Which option is a concept fr