在线教育企业价值评估方法的改进  

On Perfecting of Online Education Companies’ Valuation Methods

作　　者：冯婵 FENG Chan(Shanxi Finance and Taxation College,Taiyuan,Shanxi 030024,China)

机构地区：[1]山西省财政税务专科学校,山西太原030024

出　　处：《山西财政税务专科学校学报》2022年第2期52-55,共4页Journal of Shanxi Finance & Taxation College

摘　　要：随着在线教育企业资本活动的发展,准确评估在线教育企业价值尤为重要,然而在线教育企业风险大、未来收益不可预测等特性导致目前的评估方法普遍会低估在线教育企业的价值。通过采用自由现金流折现模型和Black-Scholes定价模型相结合的方式,对在线教育企业价值进行评估,旨在为在线教育企业价值评估方法提供参考。With the development of corporate capital activities in the field of online education,it is of profound significance to precisely assess those companies’value.Yet due to some features of those companies,including high-risk,unpredictable on future profits,etc.,applying current valuation methods will generally underestimate their value.The paper tries to connect Discount Cash-flow Model with Black-Scholes Pricing Model,and to use this method to conduct corporate valuation for online education companies,as an effort to offer a reference in this issue.

关 键 词：在线教育企业 价值评估 BLACK-SCHOLES定价模型 

分 类 号：F272.5[经济管理—企业管理]