Research On Value Evaluation Method Of Microelectronics Technolgy Enterprises On The Sci-Tech Innovation Board

In recent years,with the steady expansion of the scale of the capital market,the importance of value assessment to technologically innovative companies has become increasingly significant.Compared with A-share listed companies,science and technology board companies have more room for growth but also face greater risks.At present,the research on the value evaluation methods and theories of science and technology board enterprises has a large shortage.The traditional evaluation methods do not take into account the impact of non-financial indicators such as patents and R & D investment of science and technology board enterprises,and the evaluation results cannot accurately reflect the enterprise value.The science and technology board enterprise value evaluation is a new subject,which has strong theoretical and practical significance.This article will take the microelectronics technology companies listed on the Science and Technology Board as an example.In order to highlight the characteristics of the non-financial indicators of the science and technology board microelectronics technology companies,non-financial indicators such as patents and R & D investment will be fully reflected in the evaluation results.Comparative analysis of methods,selecting the market method as the basic evaluation model,introducing the entropy method to improve the selection of comparable companies,and obtaining the weight of comparable companies,adjusting the value multiplier through the weight,and finally establishing a more objective evaluation model to enhance The rationality of the value evaluation process of the Science and Technology Board Enterprise,the evaluation results are more in line with the true value of the enterprise.This article is divided into six parts,one is the introduction,sorting out and summarizing the theories of domestic and foreign enterprise value assessment research and related achievements,and the other is related concepts and theoretical foundations,mainly introducing the concepts of the Science and Technology Innovation Board,and through the market The analysis of law-related theories provides the theoretical basis for the entropy value method to improve the market method below;the third is the value evaluation analysis of the science and technology board microelectronics technology enterprise,mainly introducing the characteristics,current situation and difficulties of the science and technology board microelectronics technology enterprise value assessment,the limitations of traditional evaluation methods,and concludes that science and technology board microelectronics technology enterprise value evaluation needs to be established A more objective evaluation model.Fourth,the market law embedded in the principle of entropy value The application of the value of the Microelectronics Technology Enterprise of the Board,designed to use the entropy value method to improve the market method to establish the evaluation model;Fifth,based on the improved market method of the A company value evaluation case analysis,the actual application of the evaluation model established in the fourth part of the A company In the process,get the evaluation results and analyze the evaluation results;Sixth,conclusions and prospects,summarize the full text and draw Study conclusions and policy recommendations put forward relevant revelation valuation Kechuang enterprise board according to this study,the final analysis of this lack of research that may be present and guide the majority of scholars to study this topic deeper.Entropy value method to improve market method is introduced in this paper,a more objective assessment model,which not only to win the board of the listed company value assessment theory is of great significance,but also conducive to Sci-Tech innovation board companies better access to the financing channels,allow investors to master the real value of the enterprise,to make relatively rational investment decisions,and thus win the investment market risk,this will help towards standardization and rational Sci-Tech innovation board market in China.