多元化经营对公司价值影响研究

摘要

多元化经营对公司价值的影响一直是争议的热点问题。以盈余质量为视角,研究多元化经营对公司价值的影响,结果表明:盈余低质量公司价值也低;引入多元化与盈余质量的交互项进行分析,结果表明:在以操控性应计质量为考察对象的情况下,多元化公司价值低于专业化公司;操控性应计质量与多元化交互变量的分析结果表明:不断提高公司的信息质量,降低管理链条延长造成的负面影响会提高公司价值。本文选取典型的公司为研究对象，来研究多元化经营和公司价值之间的关系。得出，民营企业在进行业务并购和扩展的时候，一定要充分考虑自身的条件，而不能盲目多元化，这为民营企业的发展有一定的借鉴意义。

关键词：多元化；价值；并购；市场

ABSTRACT

Diversified influence on the value of the company has always been the hot spot of the controversial issues. In the perspective of earnings quality, the diversified influence on corporate value, the results showed that the surplus low quality value of the company; Introduced diversity and surplus interactive items were analyzed, and the quality of the results showed that in handling accrued under the condition of quality as the investigation object, diversified company worth less than professional company; Handling accrued quality and diversified interactive variables analysis results indicate that constantly improve the quality of the company’s information, reduce the management chain extending the negative impact would improve the value of the company. This article selects the typical company as the research object, to study the relationship between diversification and corporate value. , private enterprises in mergers and acquisitions and the expansion of business, must fully consider their own conditions, rather than blindly diversified, this has certain reference significance for the development of private enterprises

Keywords: diversification; worth; acquisitions; market