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基于折现现金流量法对企业的价值评估,利用费雪的资本价值理论,假设将现金净流量置换为经营现金流量净额,推测经营现金流量净额可能比现金净流量更能准确计算企业的价值。运用SPSS软件进行回归分析,得出企业的价值、总资产、经营现金流量净额比企业的价值、总资产、现金净流量的显性相关性更强,从而可以在企业的价值评估过程中运用经营现金流量净额替换现金净流量,使得企业的价值评估更加合理,为各类投资者决策提供科学的借鉴。
Based on the discounted cash flow method to assess the value of the business, the use of Fisher’s capital value theory, assuming net cash flow replaced by net operating cash flow, speculated that the net operating cash flow may be more accurate than the net cash flow calculation of the enterprise value. Using SPSS software for regression analysis, it is concluded that the enterprise’s value, total assets and net operating cash flow are more obvious than enterprise’s value, total assets and net cash flow, so that they can be used in the process of enterprise’s value assessment The net operating cash flow to replace the net cash flow, making the company’s value assessment more reasonable for all types of investors provide a scientific basis for decision-making.