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中国农学通报 ›› 2017, Vol. 33 ›› Issue (23): 27-31.doi: 10.11924/j.issn.1000-6850.casb16090077

所属专题: 资源与环境

• 林学 园艺 园林 • 上一篇    下一篇

以投资为目的的森林资源资产评估问题探讨

刘祖军   

  1. 福建闽江学院
  • 收稿日期:2016-09-18 修回日期:2016-11-01 接受日期:2016-11-16 出版日期:2017-08-21 发布日期:2017-08-21
  • 通讯作者: 刘祖军
  • 基金资助:
    闽江学院校级基金资助项目“后林改时代林权抵押贷款评估的理论与技术优化研究”(MYS14008)。

Discussion on Forest Resource Asset Evaluation for Investment Purpose

  • Received:2016-09-18 Revised:2016-11-01 Accepted:2016-11-16 Online:2017-08-21 Published:2017-08-21

摘要: 随着以投资为目的的森林资源资产评估业务日益增多,许多相关的理论问题亟需解决。通过对该目的下的价值类型、评估方法、评估参数等问题研究发现:价值类型的选择主要取决于委托者的利益诉求,同时要考虑现实市场条件的限制,具体可选类型包括市场价值类型与投资价值类型;评估方法的选择要与评估目的、价值类型相适应。当选择市场价值类型时,市场比较法应该是评估首选。当选择投资价值类型时,如果委托方是财务投资者,收益现值法是评估首选,如果委托方是战略投资者,公式P=Va+S×K 应是评估首选;评估参数的选择,要与评估方法相一致,市场法的关键参数是可比的参照对象,收益现值法应用的关键参数是投资收益率,公式P=Va+S×K 应用的关键参数是收益分成率K。以投资为目的的森林资源资产评估中,还要考虑森林采伐限额及其他相关政策的影响。

关键词: 小麦, 小麦, 盐胁迫, 光合特性, 产量

Abstract: With the increasing activities in forest resource asset evaluation for investment purpose, a lot of related theoretical problems need to be solved urgently. Based on the problem research in value type, evaluation method, and evaluation parameters, it concluded that: the selection of value types,which contained the type of market value and the type of investment value by taking into account of market practical limitations, depends on commission"s interest demands; the choice of evaluation method should be adapted into evaluation purposes and the value type. When the type of market value was selected, market comparison approach should be the first choice for the assessment. When the type of investment value was selected, the income approach should be the first choice while the client was the financial investor, and the assessment formula should be the first choice while the client was a strategic investor. The evaluation parameters should be consistent with the assessment methods. The key parameter of market law is comparable reference object, the key parameter adopted by income approach is ROI, and the key parameter of assessment formula is revenue share rate . Forest resource asset evaluation for investment purpose should consider the impact of forest cutting quotas and other related policies.

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