谈谈资产评估的价值基础  

Discussions on the Value Foundation of Asset Valuation

作　　者：高波 

机构地区：[1]深圳市中勤信资产评估有限公司

出　　处：《中国资产评估》2001年第5期24-26,共3页Appraisal Journal of China

摘　　要：古典经济学中的劳动价值论和现代西方经济学中的供求平衡价值理论是资产评估的理论基础。采用现行市价法评估单项资产的价值是市场价值，采用重置成本法评估单项资产的价值主要是非市场价值。目前采用重置成本力和法评估一个持续经营企业的整体资产价值，当物价上涨时作为财务报告的补充资料来增强财务报告的有用性是必要的，但不符合持续经营价值的定义。现行市价法和收益现值法是评估一个持续经营企业的整体价值的有效方法，也是现代西方经济学中的供求平衡价值理论的体现，但现行市价法操作较难，因此整体资产的价值评估应定位于收益现值法。Labor Value Theory of classical economics and Supply and Demand Equilibrium Theory of modem western economics are the foundation of asset valuation. Value derived by Comparison Ap- proach is market value, while value obtained by Depreciated Replacement Cost (DRC) is mainly non- market value. As supplement information of the financial reports for on-going enterprise, it is necessary and good to value by DRC summing method. However, when price is upswing, this method is contrary to the premise of going concern. Sales Comparison Approach and Income Capitalization Approach are applicable methods to appraise anon-going enterprise, which embodies the Supply and Demand Equilib- rium Theory. Comparing with Income Capitalization Approach, Comparison Approach is hard in practice. Therefore, Income Capitalization Approach is the best choice for integrated business valuation.

关 键 词：资产评估 古典经济学 劳动价值论 供求平衡价值理论 现行市价法 单项资产 资产价值 收益现值法 

分 类 号：F123.7[经济管理—世界经济]