本科论文摘 要在投资分析和企业价值评估中，投资者大多使用基于财务指标和利润指标的评估系统。金融危机时，不少公司遇到了危机。巨人银行和巴林银行和许多企业都崩塌。资本流动线在危机中被中断，无法维持甚至宣布破产。这些案例使人们再次思考企业运营。直到后来，现金流的概念逐渐引起业界的关注，并应用于财务管理和风险管理。首先，现金流是可持续发展的。投资理财与现金流量密不可分。现金流量的稳定性与企业的基本经营状况有关。其次，与其他财务指标不同，现金流在业务开展时会动态存在。由于存在现金流量实现系统，因此现金流量指标也具有一些独特的特征。最后，在当今普遍采用收入管理的城市企业中，利润指标不能真正反映企业的运营效率。现金流是最难操控的数据，因此掌握了一个公司的现金流量就可以深入的了解一个公司的运营情况。更重要的是现金流波动还会与公司价值、行业竞争等产生深入的联系，并由此影响企业的运营等，对于一个企业的竞争力和竞争地位也是非常重要的，所以对于现金流波动的研究是很有必要的。关键词：现金流波动，公司价值，行业竞争力本科论文AbstractGenerally, investors use financial-based and profit-based valuation systems for investment analysis and evaluation of corporate value. However, when the financial crisis broke out, many enterprises with good financial indicators fell into unexpected operating difficulties. For example, Giant Bank and Bahrain Bank and many businesses collapse. Now capital flow is interrupted, it is difficult to maintain, as a result, many businesses declare bankruptcy. These cases make people think about business operations again. Until then, the concept of cash flow gradually attracted the attention of the industry and applied to financial management and risk management. First, cash flow is sustainable. Investment and financial management are inseparable from cash flow. The stability of cash flow is related to the basic operating conditions of the enterprise. Secondly, unlike other financial indicators, cash flows will dynamically exist as the busi...
