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企業価値評価法の多様性 -三菱地所(株)のケースを手がかりとして-
https://ic.repo.nii.ac.jp/records/788
https://ic.repo.nii.ac.jp/records/7883e8f9479-49b3-4732-a848-6e27a7b7ef1d
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
KJ00006723920.pdf (1.7 MB)
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| Item type | [ELS]紀要論文 / Departmental Bulletin Paper(1) | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 公開日 | 2017-03-15 | |||||||||||
| タイトル | ||||||||||||
| タイトル | 企業価値評価法の多様性 -三菱地所(株)のケースを手がかりとして- | |||||||||||
| タイトル | ||||||||||||
| タイトル | Issues with Valuation Models: The Mitsubishi Estate Co. Case- | |||||||||||
| 言語 | en | |||||||||||
| 言語 | ||||||||||||
| 言語 | jpn | |||||||||||
| 資源タイプ | ||||||||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_6501 | |||||||||||
| 資源タイプ | departmental bulletin paper | |||||||||||
| 雑誌書誌ID | ||||||||||||
| 収録物識別子タイプ | NCID | |||||||||||
| 収録物識別子 | AN10587457 | |||||||||||
| 著者 |
青木, 茂男
× 青木, 茂男
× Shigeo, Aoki
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| 著者所属(日) | ||||||||||||
| 茨城キリスト教大学 | ||||||||||||
| 抄録(英) | ||||||||||||
| 内容記述タイプ | Other | |||||||||||
| 内容記述 | Valuation models offer great variety, the amount value depending on the model used. In order to compare amount differences by valuation model, this study valuated Mitsubishi Estate Co. using three approaches: income, market, and net assets. The results range widely from no value per share with the DCF model to 1,745.5 yen per share with the market assets value model. The income approach of the DCF model requires cash flow and discount rate estimation. The market approach enables selecting comparable companies subjectively, even though this approach does not require estimation. Valuation models present tendencies with the valuation objects they use. For justice, a net assets model and a discounted dividends model dominate, but the DCF model is rare. For M&A, the DCF model, the multiply model (relative valuation) is popular. Methods for investment decision making like NPV and IRR are also used. Security analysts prefer the multiply model and DCF model. The residual income model that Penman advocates is rare in practice. Firm valuation is neither purely a hard science nor a pure art, the truth lying between science and art. | |||||||||||
| 書誌情報 |
茨城キリスト教大学紀要. II, 社会・自然科学 en : Journal of Ibaraki Christian University. II, Social and natural sciences 巻 44, p. 187-203, 発行日 2010-01-01 |
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| 表示順 | ||||||||||||
| 内容記述タイプ | Other | |||||||||||
| 内容記述 | 2 | |||||||||||
| アクセション番号 | ||||||||||||
| 内容記述タイプ | Other | |||||||||||
| 内容記述 | KJ00006723920 | |||||||||||
| ISSN | ||||||||||||
| 収録物識別子タイプ | ISSN | |||||||||||
| 収録物識別子 | 13426370 | |||||||||||
