医药行业企业价值评估影响因素研究VIP专享VIP免费

医药行业企业价值评估影响因素研究摘要生物医药是我国民生发展关注的焦点，在国民经济的发展中有着重要作用。从国计民生角度，生物医药产业可以帮助我国维持社会的稳定，保证国民的健康；从国民经济角度出发，生物医药可以促进经济的发展，是促进社会和经济进步的持续动力。在国内经济不断发展的环境中，我国的生物医药行业中关于企业价值的估算一直是经济实务中的难题。因此，客观合理地对生物医药企业的价值评估成为实务工作的必然方向。据此，提出市场法在企业价值评估实务中的应用存在的问题，针对市场法在企业价值评估中存在问题提出相应对策。收益法是资产评估中三大评估方法中非常重要的一种，本文也将以收益法对医药企业进行评估，完善医药企业的价值评估。关键词：医药企业，企业价值评估；市场法；收益法AbstractBiomedicineisthefocusofourcountry'slivelihooddevelopmentandplaysanimportantroleinthedevelopmentofthenationaleconomy.Fromthepointofviewofnationaleconomyandpeople'slivelihood,thebiomedicalindustrycanhelpourcountrymaintainsocialstabilityandensurethehealthofthepeople.Fromthepointofviewofthenationaleconomy,biomedicinecanpromotethedevelopmentoftheeconomy,anditisacontinuousdrivingforcetopromotesocialandeconomicprogress.TheestimationofenterprisevalueinChinesebiomedicalindustryhasalwaysbeenadifficultproblemineconomicpractice.Therefore,objectiveandreasonablevaluationofbiopharmaceuticalenterpriseshasbecomeaninevitabledirectionofpracticalwork.Basedonthis,thispaperputsforwardtheevaluationofenterprisevaluebymarketmethod.Theproblemsexistingintheapplicationofvaluationpractice,aimingattheproblemsexistinginthemarketmethodintheevaluationofenterprisevalue,areputforward.Theincomemethodisoneofthethreemostimportantmethodsintheevaluationofassets.Thispaperwillalsoevaluatepharmaceuticalenterprisesbyincomemethodtoimprovethevalueevaluationofpharmaceuticalenterprises.Keywords:Pharmaceuticalenterprises;Enterprisevalueevaluation;Marketapproach;Incomeapproach目录一、绪论............................................................1（一）研究背景及意义............................................1（二）国内外研究现状............................................1二、企业价值评估概述................................................2（一）企业价值..................................................2（二）企业价值评估的内涵........................................2（三）企业价值评估来源的理论基础................................31.劳动价值理论...............................................32.资本价值理论...............................................43.客户价值理论...............................................4（四）企业价值评估理论..........................................41.财务预算理论...............................................52.莫迪利安尼和米勒的价值评估理论.............................5三、企业价值评估的基本模型..........................................5（一）现金流量折现模型..........................................51.股利现金流量模型...........................................62.股权现金流量模型...........................................63.实体现金流量模型...........................................6（二）相对价值评估模型..........................................71.市盈率模型.................................................72.市净率模型.................................................73.市销率模型.................................................7（三）实物期权模型..............................................8四、医药企业企业价值评估——收益法....