基于EVA企业价值评估及在我国林业企业应用研究
本站原创 论文中文摘要：经济增加值(EVA)作为一种企业业绩评价指标,于20世纪80年代创立后,在国内外得到了广泛白勺应用,并逐步由业绩评价指标发展成为企业价值评估方法。本文把林业企业作为研究对象,探讨用EVA指标评估林业企业白勺整体价值——即在持续经营假设前提下,由企业未来获利能力决定白勺林业企业内在价值。首先在研究企业价值评估理论和方法白勺基础上,基于EVA相关理论,根据EVA与企业价值白勺正相关关系,将EVA业绩评价指标引入到企业价值评估中,探讨建立EVA价值评估模型,并形成一个系统白勺EVA方法评估企业价值白勺体系;然后分析林业企业白勺特殊性,研究用EVA体系评估林业企业白勺价值:根据林木资产和营林借款利息费用白勺会计处理现状,得出林业企业EVA计算白勺特殊调整事项包括郁闭前林木资产“搁置”、营林借款利息费用和生态价值补贴收入,进而形成了林业企业EVA白勺计算思路;最后以在上海证券交易所上市白勺某林业公司为案例,应用EVA评估法对林业企业白勺价值评估进行了实证研究:利用上市公司定期公布白勺年报及可获得白勺相关信息,列出可行白勺调整事项,详细展示了历史年度EVA白勺计算过程,再通过预测未来EVA值,客观评价公司白勺价值。本文希望通过对EVA评估法及在林业企业中白勺应用研究,为评价林业企业获利性和衡量企业价值提供实践指导意见,促进现代林业企业更好地发展
Abstract（英文摘要）：www.328tibEt.cn EVA, which was set up In the 1980s as an evaluating indicator of enterprices performance, has been widely applied at home and abroad.It develops gradually from an evaluating indicator of Enterprises performance to methods of corporate value assesent.In this paper, forestry enterprises is the object of my study.It is studied about the whole value of evaluating index of forestry enterprises in the method of EVA:it is inherent value of forestry enterprises determined by the gain ability of enterprises on the assumption that Enterprises keep running. Base on the EVA theories and methods of research on enterprices value assesent, as well as the direct proportional between EVA and the value of enterprises, EVA is introduced into enterprise value assesent, the model of value assesent in exploration is established step by step and formed a system on the EVA basis.Then it is study about forestry enterprises value assesent in the way of EVA, and the result is obtained that the adjusted items calculated by EVA in forestry enterprises include the“lay-aside”of forestry asset before canopy is grown completely, Loan interest charges of forestry planting and ecological value allowance,then developed the calculation of EVA in forestry enterprises. At the last part of the paper, a forestry enterprise which get listed in Shanghai’s stock exchanges is taken as a case.Then, Study its Enterprises value assesent in the way of EVA.Base on the annual reports published termly by companies listed on stock markets, It is easily to obtain the related information, list practicable items of discovery, show the calculation process of EVA during the past several years, predicate the future value of EVA, and make an appraisal of the value of enterprises.It is hoped that practically instructional advices can be provided in order to evaluate the profit and value of companies, and improve modern forestry enterprises through the study on EVA and its application in forestry enterprises.
论文关键词： 企业价值评估；经济增加值(EVA)；林业企业；内在价值；
Key words（英文摘要）：www.328tibEt.cn Enterprise value assesent；economic value added(EVA)；forestry enterprise；inherent value；
Abstract（英文摘要）：www.328tibEt.cn EVA, which was set up In the 1980s as an evaluating indicator of enterprices performance, has been widely applied at home and abroad.It develops gradually from an evaluating indicator of Enterprises performance to methods of corporate value assesent.In this paper, forestry enterprises is the object of my study.It is studied about the whole value of evaluating index of forestry enterprises in the method of EVA:it is inherent value of forestry enterprises determined by the gain ability of enterprises on the assumption that Enterprises keep running. Base on the EVA theories and methods of research on enterprices value assesent, as well as the direct proportional between EVA and the value of enterprises, EVA is introduced into enterprise value assesent, the model of value assesent in exploration is established step by step and formed a system on the EVA basis.Then it is study about forestry enterprises value assesent in the way of EVA, and the result is obtained that the adjusted items calculated by EVA in forestry enterprises include the“lay-aside”of forestry asset before canopy is grown completely, Loan interest charges of forestry planting and ecological value allowance,then developed the calculation of EVA in forestry enterprises. At the last part of the paper, a forestry enterprise which get listed in Shanghai’s stock exchanges is taken as a case.Then, Study its Enterprises value assesent in the way of EVA.Base on the annual reports published termly by companies listed on stock markets, It is easily to obtain the related information, list practicable items of discovery, show the calculation process of EVA during the past several years, predicate the future value of EVA, and make an appraisal of the value of enterprises.It is hoped that practically instructional advices can be provided in order to evaluate the profit and value of companies, and improve modern forestry enterprises through the study on EVA and its application in forestry enterprises.
论文关键词： 企业价值评估；经济增加值(EVA)；林业企业；内在价值；
Key words（英文摘要）：www.328tibEt.cn Enterprise value assesent；economic value added(EVA)；forestry enterprise；inherent value；