Empirical Research on Internet Enterprise Value Evaluation Based on Free Cash Flow

DOI

10.2991/icmete-19.2019.82How to use a DOI?

Keywords

Enterprise value assessment; Free cash flow; Discount model; Jinshan Software

Abstract

Under the background of the continuous development of the global digital economical model, the research on the valuation of Internet enterprises has increasingly attracted scholars' attention. With the drastic change of the Internet industry, the problem of the inability to provide data support for research due to insufficient corporate financial data has gradually been resolved. The discounted free cash flow method is currently the most extensive and theoretically mature method in the field of enterprise value assessment. Its practicability has not been fully proved in the Internet field. The paper uses the free cash flow discount model to estimate the sample enterprise value--taking Jinshan Software as an example, and proves that it is feasible and predictive while using Internet companies as research objects.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Zelin Chen
AU  - Zhiyuan Jiang
PY  - 2019/05
DA  - 2019/05
TI  - Empirical Research on Internet Enterprise Value Evaluation Based on Free Cash Flow
BT  - Proceedings of the 2019 International Conference on Management, Education Technology and Economics (ICMETE 2019)
PB  - Atlantis Press
SP  - 345
EP  - 350
SN  - 2352-5428
UR  - https://doi.org/10.2991/icmete-19.2019.82
DO  - 10.2991/icmete-19.2019.82
ID  - Chen2019/05
ER  -