摘要
企业价值取决于预期现金流量的折现值或投资资本加预计经济利润现值。经济利润法与现金流量法相比 ,更具有与企业价值相关联又便于层层分解实际考核的双重优点。对经济利润的投资资本回报率等指标进一步分解 ,可形成对利润表和资产负债表相关价值链的全员全过程的全面系统管理。通过建立价值管理的保证体系 ,培植价值管理的企业文化 ,制订严密的循环管理程序 ,能有效地创造企业价值。
The value of enterprises can be determined by the discount present value for expected cash flow, or the present value for capitalized cost and estimated economic profit .By comparison, the second method is in more connection with the target and more convenient for practical checking at different levels. Therefore, total management to concerned value chains, including profit tables and capital debt tables, can be set up on further analyzing the repaying ratio of capitalized cost to economic profits and other indexes, etc. The value of enterprises can also be effectively realized with value management's security system, strict cycling managing sequence, and the enterprises' culture.
出处
《武汉大学学报（哲学社会科学版）》
北大核心
2002年第3期312-318,共7页
Wuhan University Journal：Philosophy & Social Science
关键词
价值评估
全面管理
企业价值
valuation
total management
value of enterprises
