The Competitive Advantage Period ( CAP) is the sustainable time during which the business investment income exceeds the capital cost. This concept joints together effectively the theory of stock value of assessment and the theory of business competitive advantage appraisal. 竞争优势持续期是企业投资收益率超过资本成本的可持续时间,这一概念有效联结了股票估值理论与企业竞争优势评价理论。
It is formed due to several reasons capital stock premium, present acceptance assets assessment appreciation and foreign currency converting difference, and so on. 它是由资本溢价、股本溢价、接受捐赠、资产评估增值、外币折算差额等原因形成的。
Although the permission human capital buys stock in the human capital value assessment, the capital enriches, aspects and so on creditor protection to have certain barrier, but these questions may construct effectively through the legal regime solve. 虽然允许人力资本入股在人力资本价值评估、资本充实、债权人保护等方面存在一定的障碍,但这些问题都可以通过法律制度的有效构建来予以解决。