基于退出倍数法的融资租赁企业价值评估——以DX融资租赁企业为例  

Valuation of Financial Leasing Enterprise Based on Exit Multiple Method——Take DX Financial Leasing Enterprises as an Example

作　　者：李振楠 余炳文[2] Li Zhennan;Yu Bingwen(Tongling University,Anhui Tongling 244061;Jiangxi University of Finance and Economics,Jiangxi Nanchang 330013)

机构地区：[1]铜陵学院会计学院,安徽铜陵244061 [2]江西财经大学经济学院,江西南昌330013

出　　处：《中国资产评估》2022年第10期4-17,共14页Appraisal Journal of China

摘　　要：融资租赁作为集“融资”与“融物”,集贸易与技术更新为一体的新型金融产业,发展至今已处于繁荣状态。其基本运作模式决定了融资租赁企业是一个资本快速消耗的机构,对资本的需求量大且较为迫切,这也带来了新冠疫情下新设立融资租赁企业价值评估的巨大需求及更高要求。融资租赁企业价值受利率、汇率以及标的物价值变动等市场因素影响较大,因近几年宏观经济放缓及新冠疫情等因素的影响,如何对新设立且拥有强大自身实力的融资租赁企业进行价值评估这一难题随即出现。本文基于退出倍数法对新冠疫情下新设立融资租赁企业价值评估进行研究,以期为实务中该融资租赁企业价值评估实践提供一种新思路。Financial leasing, as a new financial industry integrating “financing” and “melt”, as well as trade and technology renewal, has been in a prosperous state. Its basic operation mode determines that the financial leasing enterprise is an institution that consumes capital rapidly and has a large and urgent demand for capital, which also brings huge demands and higher requirements for the value evaluation of newly established financial leasing enterprises under the COVID-19 pandemic. The value of financial leasing enterprises is greatly influenced by market factors such as interest rate, exchange rate and the change of the subject matter value. Due to the impact of macroeconomic slowdown, COVID-19 and other factors in recent years, the problem of how to evaluate the value of newly established and powerful financial leasing enterprises has emerged.Based on the exit multiple method,this paper studies the value assessment of newly established financial leasing enterprises under the COVID-19 pandemic in order to provide a new idea for the value assessment practice of this financial leasing enterprise in practice.

关 键 词：融资租赁 退出倍数法 企业价值评估 

分 类 号：F275[经济管理—企业管理]