Dissertation > Excellent graduate degree dissertation topics show

Shipping enterprise evaluation method

Author: WenBiao
Tutor: ShaoRuiQing；ZengQiuGen
School: Shanghai Maritime University
Course: Accounting
Keywords: Shipping companies Value assessment Option valuation
CLC: F550.66
Type: Master's thesis
Year: 2005
Downloads: 258
Quote: 4
Read: Download Dissertation

Abstract


The shipping industry is a drama of industry, the level of profitability of the shipping companies greatly fluctuate with the cyclical changes in the shipping industry and the value of the shipping companies with cyclical fluctuations in the shipping industry and cyclical changes, how the shipping industry the cyclical nature of important issues in the investment management of the shipping companies to accurately assess the value of the shipping companies, this paper aims to explore the use of option valuation model to improve the the shipping enterprise value assessment methods, to help investors and shipping companies to make a reasonable investment decision-making. Domestic enterprises valuation methods more: broader application of the net present value method, the relative value method, EVA method, the paper argues that these methods can not accurately assess the value of the shipping companies, in particular in the following areas in the shipping industry is in a downturn, the traditional assessment methods easy to underestimate the value of the shipping companies, resulting in a lack of investment in shipping companies, missed investment opportunities for low-cost period; in the shipping industry at the height of the boom period, traditional assessment methods tend to overestimate shipping investment value, resulting in excessive investment of the shipping companies, poses a potential threat to the enterprise's future operations. The reason why these methods can not accurately assess the value of the shipping companies, mainly due to the shipping industry is an industry was cyclical fluctuations the traditional enterprise evaluation method is difficult to accurately grasp the volatility of the industry has the potential value. Therefore, we hope that the introduction of option theory, option valuation techniques to assess the value of the cyclical fluctuations of the shipping companies, to improve the assessment of the value of the shipping companies, shipping companies, investment and financing, and M \u0026 A activity more accurate enterprise value information. This paper discusses and analyzes the limitations of traditional enterprise evaluation method of the the shipping enterprise value assessment process and the shipping industry cyclical fluctuations characterized aim is to describe: cyclical fluctuations in characteristics due to the shipping companies, the traditional valuation methods is not an accurate assessment of the value of the shipping companies. On this basis, we explore how to use of option theory in the the shipping enterprise value assessment, a new shipping enterprise evaluation method, which is a built on the basis of the net present value method and the method somewhat improved method. For the shipping company's future cash flow uncertainty characteristics of large, the enterprise value to calculate divided into two parts, the first part is by assuming that the company's future cash flow less volatile calculated from the enterprise value, the value of the second part of the cyclical fluctuations in the value of the potential volatility of the value of using an option valuation model to resolve. So, we think the for shipping enterprise valuation model: the shipping enterprise value = stable cash flow present value of the enterprise value of the options. Depth assessment model of this shipping company, COSCO Shipping as a case, a detailed analysis of how to use this model to assess the value of COSCO Shipping, COSCO Shipping investment strategy and analysis according to the result of this calculation.

Related Dissertations

  1. A Study on the Value Indictors System of Cultural Heritages in Henan,G122
  2. Study on the Value of Eco-environment Assessment Model of the Water Conservation Land of Suzhou,X820
  3. The Research on Evaluation of Forest Ecosystem Services and Functions in the CZX Region,S718.5
  4. Study on the Valuation of the Listed Companies on GEM,F832.51
  5. Shipping enterprise informatization level measurement study,F49
  6. The Study on Business Model Innovation of Container Shipping Enterprises,F550
  7. Optimization studies based on the shipping company of the customer relationship management call center operators,F552
  8. The Assessment of Target Enterprise in Merger and Acquisition,F271;F224
  9. Company C Chinese market customer value evaluation system design and application,F274
  10. The bulk transport development strategy of Shanghai Changjiang Shipping Company,F552.6
  11. Environmental value assessment - Yanan City,X820
  12. Large state-owned shipping companies Technology Development Strategy,F550.6
  13. Practice and Analysis on Land Industry Investment of Hong Kong’ Shipping Company,F552.6
  14. Large Shipping Enterprise Technology Innovation Research and Exploration,F552.6
  15. Shipping enterprises competitiveness analysis of key factors,F550
  16. Intermodal shipping enterprise development problems,F552
  17. Researching the Valuable Evaluation on Merger and Acquisition,F275
  18. Under the New Situation Based on Core Competitiveness of Small and Medium-Sized Enterprise Development on Shipping,F552
  19. Application Research on the Business Valuation Methods of IT Enterprise,F275
  20. Study on Oil Tanker Companies’s Risk Assessment Based on Entropy Coefficient,F550
  21. Evaluation on Water Conversation Function of Forest in Mount Tai,S718.56

CLC: > Economic > Transportation and economic > Sea transport and economic > Waterway transport economic theory > Organization and management of sea transport > Financial management, economic accounting
© 2012 www.DissertationTopic.Net  Mobile