森林资产评估中的折现率设定

Discount Rate Setting in Forest Asset Evaluation

摘要:

摘 要：通过系统分析比较内部收益率、社会基准收益率、行业基准收益率、加权平均资金成本、普通股资金成本、利率的异同后发现：用成本法对森林资产的评估，其折现率应该设定为项目的财务内部收益率；用收益法对森林资产的评估，其折现率应该设定为行业基准收益率。

Abstract:

Abstract: The similarities and differences that internal rate of return, social reference return, industry reference return, weighted average capital cost, common stock capital cost and interest were systematically analyzed and compared. It showed that forest asset was evaluated by costing, the discount rate is financial internal rate of return in project; and forest asset was evaluated by income approach, the discount rate is industry reference return.