中信銀行企業(yè)價值評估研究.pdf

1、南京理工大學碩士學位論文中信銀行企業(yè)價值評估研究姓名：田華申請學位級別：碩士專業(yè)：工商管理指導教師：馮俊文20091201碩士論文中信銀行企業(yè)價值評估研究ABSTI認CTUsingscientificmethodtoevaluatecorporationvalueandthenrevealingthekeyelementsofaffectingcorporationvaluehavetheimportantrealisticsignif

2、icanceforpromotingthevalueofcorporationThisarticleanalyzesthestrengthandthechallengeofthecommercialbankandconsidersthatthehealthyandcontinuingdevelopmentofmacroeconomyofourcogntrythegreatloandemandsofmediumsizedandsmalle

3、nterprises，thedailyincreaseofpersonalfinancialproductandserviceneeds，thegoodexternalenvironmentwhichformsbythequickdevelopmentofintermediatebusinessproductandservice，thedailyfiercecompetitionfromthesamebusinessandtheince

4、ssantsharpeningofinternalandexternalriskhavemadethefurtherdevelopmentofcommercialbankfullofchallengeThisarticleanalyzestheproductandservice，themarketandcustomerbasethecompetitionadvantageofChinaCITICBankandhastheopiniono

5、fthat：thebankisoneofthemostcompetitiveenterprisesamongthemedium—sizedandsmallbankwhichhasthetop—rankingcapabilityofcorporationcustomerservice，thehighqualitycustomerbasethecontinuingandhighspeeddevelopmentofretailbankbusi

6、ness，theinternalvaluebaseonthemanagementteamwhohasexcellentperformanceandplentyofexperienceinourcountyBasedonanindepthanalysisofthedevelopmentofChinesebankingindustryandChinaCITICBank’Sbusiness，WeuseDiscountedCashFlowMet

7、hod(DCFlV0andMarketValueMethod(MVM)togetresultofenterprisevalueevaluationfrommarketTheresultshowsthatitsenterprisevaluerangeisY613一￥655pershareonJune30，2009Intheend，thisarticlebringsforwardthestrategyofpromotingtheenterp

8、risevalueofthebankbyDelta—plusmethodwhichrevealsthekeyelementofaffectingthevalueofChinaCITICBankAnditthinksthatMainBusinessSustainableGrowth，DiscountRate，InterestMargin；IncomeTaxRate，BusinessTaxandAdditionalTaxRatehaveth

9、esignificantinfluencefortheenterprisevalueSeekingforthelong—termsustainingdevelopment，enhancingtheriskmanagement，promotingintermediarybusinessforcefullyincreasingtheinterestmarginstrivingactivelyfortheadvantagedtaxpolicy