基于因子分析的市场法在企业价值评估中的优化研究——以河北省HG股份公司为例  

Research on Optimization of Market Method Based on Factor Analysis in Evaluation of Enterprise Value--A Case of HG Company of Hebei Province

作　　者：蒋大富[1] 侯鑫淼 Jiang Dafu;Hou Xinmiao(Guangxi University of Science and Technology,Liuzhou Guangxi 545006)

机构地区：[1]广西科技大学经济与管理学院,广西柳州545006

出　　处：《中国资产评估》2023年第5期70-80,共11页Appraisal Journal of China

基　　金：广西研究生教育创新计划项目(JGY2020140)阶段性研究成果。

摘　　要：市场法是企业价值评估中最重要、最直接的方法,但受到可比公司选择的客观性和可比性等因素制约,市场法的运用和准确性受到一定的限制和质疑。本文针对市场法在可比公司的选择中所存在的限制及运用困境,提出运用因子分析法来优化和解决可比公司的选择问题,并以河北省HG股份公司为例,演绎运用因子分析法优化后的市场法进行企业价值评估。研究发现,运用因子分析法优化后的市场法评估企业价值,能够使得评估结果更加准确,在一定程度上解决了相关的运用困境,为市场法进行企业价值评估提供了优化路径。Market method is the most important and direct method in the evaluation of enterprise value.However,due to the influence of the objectivity and comparability of the selection of comparable companies,the application and accuracy of market method are limited and questioned.In view of the limitations and difficulties of market method in the selection of comparable companies,this paper proposes to use factor analysis to optimize and solve the selection problem of comparable companies,and takes Hebei HG Company as an example,deduces the market method optimized by factor analysis to evaluate the enterprise value.It is found that using the market method optimized by the factor analysis method to evaluate the enterprise value can make the evaluation results more accurate,solve the related application dilemma to a certain extent,and provide an optimization path for the market method to evaluate the enterprisevalue.

关 键 词：因子分析 市场法 企业价值评估 

分 类 号：F275[经济管理—企业管理]