内部控制对收益法企业价值评估的影响

在企业价值评估领域，收益法是使用最广泛的一种方法。运用收益法对企业价值评估的准确性，依赖于自由现金流量、收益期限、企业终值以及资本成本等指标预测的准确性，而这些指标则会受到企业内部控制质量的影响，但目前对这些指标的预测均明显地忽略了内部控制因素的影响。企业价值评估应关注内部控制的质量，以求企业价值评估更加客观地反映企业的真实价值。

The Impact of Internal Control on Income Approach When Assessing Enterprise Value

Income approach is the most widely used and developed method in the field of enterprise valuation.However,the accuracy of this evaluating method depends on the accuracy of free cash flow,earnings period,enterprise terminal value,as well as the cost of capital,and other indicators.And these indicators are seriously affected by the quality of internal control,which is just ignored today.For instance,the capital asset pricing model mainly considers external factors but neglects the effect of internal control a...