关于企业价值较为经典的阐释当属汤姆·科普兰等人在其重要著作《价值评估》中指出的:股东所看中的企业价值是企业在过去和现在基础上的盈利能力和发展潜力,是企业的现有投资者和潜在投资者对企业的一种预测。投资者之所以牺牲当前资本的流动性是为了未来能获取较大的收益,即看重的是未来资本的增值。所以,投资者投资于企业实 The more classic explanation of corporate value is what Tom Copeland pointed out in his important book Valuation: The corporate value the shareholders are looking for is profitability and growth potential of the enterprise based on the past and the present. A prediction of an enterprise by its existing and potential investors. The reason why investors sacrifice the liquidity of current capital is to gain greater benefits in the future, that is, the value added of future capital is valued. Therefore, investors invest in the real business