改进Ohlson模型应用于互联网企业价值评估的研究  

Research on Improving Ohlson Model for Valuation of Internet Enterprises

作　　者：张蔚 刘文芳[1] ZHANG Wei;LIU Wenfang(Guangxi University of Science and Technology,Liuzhou 545006,China)

机构地区：[1]广西科技大学,广西柳州545006

出　　处：《商业观察》2024年第23期86-89,共4页BUSINESS OBSERVATION

摘　　要：基于互联网企业轻资产、重研发等特性,文章通过杜邦分析法改进剩余收益测算,引入研发支出、无形资产和截距项等新指标,对Ohlson模型进行创新性改进。通过实证分析和案例研究,探讨了改进模型在互联网企业价值评估中的适用性和准确性,这一研究为互联网企业提供了更适应其特点的估值方法,为未来研究提供了新的视角和实践参考。Based on the characteristics of internet enterprises,such as light assets and emphasis on R&D,this study innovatively improves Ohlson model by improving the residual income estimation through DuPont analysis,introducing new indicators such as R&D expenditure,intangible assets and intercept items.Through empirical analysis and case studies,the applicability and accuracy of the improved model in the valuation of internet enterprises are explored.This research provides a valuation method more suited to the characteristics of internet enterprises,offering new perspectives and practical references for future studies.

关 键 词：OHLSON模型 互联网企业 剩余收益 企业价值评估 

分 类 号：F425[经济管理—产业经济] F272.5