a国产,中文字幕久久波多野结衣AV,欧美粗大猛烈老熟妇,女人av天堂

旅游景區(qū)經(jīng)營權(quán)價值評估——基于實(shí)物期權(quán)視角的研究

發(fā)布時間:2018-01-06 07:13

  本文關(guān)鍵詞:旅游景區(qū)經(jīng)營權(quán)價值評估——基于實(shí)物期權(quán)視角的研究 出處:《經(jīng)濟(jì)管理》2013年06期  論文類型:期刊論文


  更多相關(guān)文章: 旅游景區(qū) 經(jīng)營權(quán)價值 價值評估 實(shí)物期權(quán)


【摘要】:景區(qū)經(jīng)營權(quán)價值評估是實(shí)現(xiàn)我國景區(qū)經(jīng)營權(quán)合理流轉(zhuǎn)的關(guān)鍵,但以收益還原法為主流的現(xiàn)行方法并不能準(zhǔn)確地評估景區(qū)經(jīng)營權(quán)價值。通過研究,本文發(fā)現(xiàn),引入實(shí)物期權(quán)概念能夠提升景區(qū)經(jīng)營權(quán)價值評估的準(zhǔn)確性。本文以產(chǎn)權(quán)視角為切入點(diǎn),通過景區(qū)經(jīng)營權(quán)實(shí)物期權(quán)的動態(tài)和靜態(tài)特征研究景區(qū)經(jīng)營權(quán)的期權(quán)價值形成、演變機(jī)理,以冠豸山國家重點(diǎn)風(fēng)景名勝區(qū)為例,初步實(shí)證了實(shí)物期權(quán)視角下的景區(qū)經(jīng)營權(quán)價值評估,并得出如下結(jié)論:(1)景區(qū)經(jīng)營權(quán)價值是一種依托于旅游資源的產(chǎn)權(quán)價值,其價值評估的實(shí)質(zhì)是資本化景區(qū)旅游資源開發(fā)權(quán)利的價值,產(chǎn)權(quán)視角下的景區(qū)經(jīng)營權(quán),本質(zhì)上是一種按年度執(zhí)行的多期嵌套實(shí)物期權(quán),旅游資源是其標(biāo)的資產(chǎn);(2)基于實(shí)物期權(quán)的景區(qū)經(jīng)營權(quán)價值形成表現(xiàn)為:景區(qū)投資開發(fā)過程中,投資柔性給景區(qū)預(yù)期旅游收益與投資開發(fā)成本之間帶來的差額變動;(3)景區(qū)經(jīng)營權(quán)的實(shí)物期權(quán)特征是一個動態(tài)的變動過程,各階段的期權(quán)價值呈現(xiàn)先增后減的變化態(tài)勢,期權(quán)價值在經(jīng)營權(quán)到期日將變?yōu)榱?(4)融入實(shí)物期權(quán)法較單純采用收益還原法更加科學(xué),評估結(jié)果更為客觀,實(shí)際參考價值更大;(5)在構(gòu)建單一期權(quán)條件下的景區(qū)經(jīng)營權(quán)期權(quán)價值評估模型的基礎(chǔ)上,以冠豸山風(fēng)景名勝區(qū)為例,通過與現(xiàn)有評估方法進(jìn)行對比研究,進(jìn)一步驗(yàn)證了實(shí)物期權(quán)理論在景區(qū)經(jīng)營權(quán)價值評估中的應(yīng)用價值。
[Abstract]:The value evaluation of scenic spot management right is the key to realize the rational circulation of scenic spot management right in our country, but the current method based on income reduction method can not accurately evaluate the value of scenic spot management right. The introduction of the concept of real options can improve the accuracy of the value evaluation of the right to management of scenic spots. This paper takes the perspective of property rights as the starting point. Through the dynamic and static characteristics of the real option of management right of scenic spot, the paper studies the formation and evolution mechanism of option value of management right of scenic spot, taking Guanzhoushan National key Scenic spot as an example. This paper makes a preliminary demonstration of the value evaluation of scenic spot management right from the perspective of real option, and draws the following conclusion: 1) the value of scenic spot management right is a kind of property right value relying on tourism resources. The essence of its value evaluation is the value of the exploitation right of tourist resources in capitalized scenic spots. The management right of scenic spots from the perspective of property rights is essentially a kind of nested real options which are executed annually and tourism resources are its underlying assets. 2) the value of management right of scenic spot based on real option is formed as follows: in the process of investment and development of scenic spot, the difference between expected tourism income and investment development cost brought by investment flexibility; (3) the characteristics of real options in scenic spots are a dynamic change process, the value of options in each stage is increased first and then decreased, and the value of options will become zero at the expiration date of the right of operation; 4) Integration of real option method is more scientific than simply adopting income reduction method, the evaluation result is more objective and the actual reference value is greater; 5) on the basis of constructing the value evaluation model of the right of operation option of scenic spot under the condition of single option, taking Guanzhoushan scenic spot as an example, this paper makes a comparative study with the existing evaluation methods. It further verifies the application value of real option theory in the value evaluation of scenic spot management right.
【作者單位】: 廈門大學(xué)管理學(xué)院;
【分類號】:F590
【正文快照】: 科學(xué)準(zhǔn)確地評估景區(qū)經(jīng)營權(quán)價值是實(shí)現(xiàn)我國景區(qū)經(jīng)營權(quán)合理流轉(zhuǎn)的關(guān)鍵,經(jīng)過學(xué)者多年的研究,國內(nèi)基本形成了以收益還原法為主的景區(qū)經(jīng)營權(quán)價值評估方法。該方法的評估思路是:投資者擁有了景區(qū)旅游資源的開發(fā)經(jīng)營權(quán),也就擁有了景區(qū)旅游資源未來預(yù)期收益的現(xiàn)值,將該預(yù)期收益現(xiàn)值除

【參考文獻(xiàn)】

相關(guān)期刊論文 前10條

1 楊彩霞;李冬明;李磊;;基于實(shí)物期權(quán)理論的水資源價值研究[J];商業(yè)研究;2006年18期

2 唐波;張宇瑩;陳德棉;;投資決策理論新發(fā)展——實(shí)物期權(quán)理論研究綜述[J];財貿(mào)研究;2006年06期

3 馮邦彥,徐楓;實(shí)物期權(quán)理論及其應(yīng)用評介[J];經(jīng)濟(jì)學(xué)動態(tài);2003年10期

4 鄧愛民;;我國旅游投資研究綜述與展望[J];經(jīng)濟(jì)學(xué)動態(tài);2009年08期

5 周孝華;唐健;陳婭莉;;創(chuàng)業(yè)板公司估值模型研究[J];經(jīng)濟(jì)與管理研究;2009年08期

6 譚躍,何佳;實(shí)物期權(quán)與高科技戰(zhàn)略投資——中國3G牌照的價值分析[J];經(jīng)濟(jì)研究;2001年04期

7 方世敏;趙爽;;旅游景區(qū)項(xiàng)目投資決策方法優(yōu)化研究[J];旅游科學(xué);2008年05期

8 張紅霞;蘇勤;王群;;國外有關(guān)旅游資源游憩價值評估的研究綜述[J];旅游學(xué)刊;2006年01期

9 劉敏;陳田;石學(xué)勇;;我國景區(qū)經(jīng)營權(quán)價值評估途徑的選擇[J];旅游學(xué)刊;2007年09期

10 閻友兵;陳U喼,

本文編號:1386821


資料下載
論文發(fā)表

本文鏈接:http://www.wukwdryxk.cn/jingjilunwen/lyjj/1386821.html


Copyright(c)文論論文網(wǎng)All Rights Reserved | 網(wǎng)站地圖 |

版權(quán)申明:資料由用戶90f05***提供,本站僅收錄摘要或目錄,作者需要刪除請E-mail郵箱bigeng88@qq.com
亚洲精品一区久久久久一品av| 碰超老熟女699xx| 五月天色图| 92午夜福利免费少妇一区| 久久久久亚洲av无码专区体验| 亚洲成a人v欧美综合天堂麻豆| 国产精品第一区揄拍| 亚洲色18禁成人网站www| 最新无码a∨在线观看| 欧美a| 亚洲第1页| 90老太另类高潮bbwhd| 国产未成女一区二区三区| 黑人一级片| 五月天丁香| 中文国产成人精品久久| 别揉我奶头~嗯~啊~少妇| 久久免费精品18| 99R在线精品视频在线播放| 久久久久久午夜成人影院| 成人AV片无码免费天天看| 佳柔和院长公的第一次| 无遮挡h肉动漫在线观看| 亚洲欧洲AV一区二区久久| 777国产偷窥盗摄精品品在线 | 人人妻人人澡人人| 大香蕉久操| 色欲AV伊人久久大香线蕉影院| a级毛片免费观看完整| 免费特级黄毛片在线成人观看| 99精品国产高清一区二区麻豆| 亚洲国产精品99久久久久久| 波多野结衣办公室57分钟| 依依成人精品视频在线观看| а√ 天堂 在线官网中文| 亚洲精品国产高清一线久久| 成片免费观看视频大全| 局长含了一整晚我的奶头 | 超碰夫妻| 国产日韩在线| 昌吉市|