摘要
折现率在收益现值法中的使用是不可缺少的,但在评估实务中普遍存在不规范使用的问题,如对所谓的行业净资产收益率或股权投资回报率的误用。该文提出应采用全投资回报率为折现率,并提出通过企业全部资产的加权平均投资回报率折算无形资产的投资回报率。
Discount rate is indispensable to income approach valuation. However, there are many misusages of industrial return on equity ration and rate of return on investment. The author explained these misunderstandings and put forward his suggestions.
出处
《中国资产评估》
CSSCI
2002年第3期11-13,共3页
Appraisal Journal of China
