Firstly, this article provides the BVA model theory basis. And then it goes on massive collecting related data about companies appearing on market to prove the theory accuracy and usability of the BVA model.

• 本文前半部分论证BVA模型的理论基础,后半部分通过大量收集上市公司有关数据,实证分析BVA模型的理论正确性和实用性。