CAJ | 학술논문

EVA和DCF分别从经济增加值和现金流量的角度评估企业价值。这两种方法各有其优越性,但是孰优孰劣没有定论。本文从EVA的基本原理出发,对应用EVA技术进行企业价值评估的方法与模型进行了完善。对比了EVA法和DCF法的不同,并利用某上市公司的数据进行实例分析,结论认为：EVA评估方法更加客观与科学。
EVA화DCF분별종경제증가치화현금류량적각도평고기업개치。저량충방법각유기우월성,단시숙우숙렬몰유정론。본문종EVA적기본원리출발,대응용EVA기술진행기업개치평고적방법여모형진행료완선。대비료EVA법화DCF법적불동,병이용모상시공사적수거진행실례분석,결론인위：EVA평고방법경가객관여과학。
This text proceeds from the basic principle of EVA（Economic Value Added）,improve the method and model of enterprise＇s evaluation by using EVA technology.Compare the difference between the EVA and DCF（Discount of Cash Flow）method,carry on the positive research using the data of one listed company and prove that the EVA method is more objective and scientific.