Analysis And Planning Method Study For Undertaking Financing Of Hi-Tech Corporate

In most cities of China, there is a conflict for hi-tech undertaking corporate between strong financing demand and difficulty of getting the capital. Sometimes, the reason is that the enterpriser cannot make the good planning for financing and the valuation for the Hi-tech enterprise. It is important for developing our Hi-tech industry to analyze and plan for Hi-tech undertaking corporate financing and valuation.With the life-cycles theory and Hi-tech corporate feature, we find out the Hi-tech corporate life cycles feature. The financing and financial problems in the stages of life cycles are analyzed in this paper. In the paper we submit the methods and solution of incorporating the Hi-tech corporate life cycles into undertaking financing planning. We analyze the methods of valuation of Hi-tech corporate undertaking financing. We develop a valuation model that incorporates the binomial option pricing model into a decision tree framework. We apply the thought and model to analyze the DFC company's financing project to illustrate how one can use this method and model rather than the conventional method.