本文以财务决策中的价值极大化原则为出发点,结合我国的现实情况,探讨了在我国目前的财务决策环境下价值评估模型的选择,认为自由现金流贴现模型是最现实、最合适的选择,并在此基础上,对自由现金流贴现模型应用中存在的三个基本问题进行了分析。

This paper starts with maximization of value as the judgment principle in financial decisions, and discusses the choice of corporate valuation models under the present background of financial decision-making in China. It is found that the discounted cash flow approach is the most realistic and applicable choice for present in China. Based on the discussion above, the paper analyzes the three problems met with in the application of discounted cash flow approach.