创造会计背景下公司价值增长评价模型研究  

An Evaluation Model of Incremental Value for Pubic Company under Creative Accounting

作　　者：李延喜[1] 张悦玫[1] 司明军 

机构地区：[1]大连理工大学管理学院,大连116024 [2]大连金渤海岸管委会,大连116011

出　　处：《管理评论》2005年第7期38-43,共6页Management Review

基　　金：国家自然科学基金项目资助(70302008);国家软科学项目"企业价值增长评估理论与方法"资助

摘　　要：创造会计行为导致许多价值增长评价方法不能真实评价的弊端。本文对公司价值增长根源进行分析,揭示现金流量是价值增长的源泉,指出从数量和质量两方面才能客观评价。进而将公司现金增加值,当前价值与潜在战略价值相结合评价价值增长的数量;通过t检验筛选出以现金流量为基础的评价价值增长质量的指标,并证实其对创造会计的规避性;最后,数量与质量结合建立现金增值评价模型,综合评价公司真实的价值增长状况。Creative accounting activities often lead to the unbelievable evaluation of the incremental value of pubic company with many current methods. In this paper, we show that cash flow is the source of the incremental value, and from quality and quantity side the value can be objective evaluation. And its elusion property to creative accounting is analyzed by t-test, whereby presenting an evaluation model that includes both quality and quantity side. Cash-based measures are selected to evaluate the quality of incremental value, and its quantity is computed with discounted Cash Value Added and its current value.

关 键 词：价值增长评价 公司 模型研究 现金流量 现金增加值 真实评价 评价方法 会计行为 客观评价 增长质量 战略价值 评价模型 质量结合 增长状况 综合评价 T检验 才能 增值 

分 类 号：F230[经济管理—会计学]