Value Assessment Of High-tech Enterprises

As an important part,Evaluation of high-tech enterprises has been emphasized by more and more creditors,investors attention in the process of corporate finance.High-tech enterprises is a typical knowledge-intensive enterprises,the proportion of tangible assets in small,intangible assets such as patents,proprietary technology and other high-tech enterprise in a larger proportion.These intangible assets will bring many opportunities for businesses and great benefits,which is the value of growth opportunities in high-tech enterprises.Value of growth opportunities is an important value type of high-tech enterprises,high-tech enterprise value is an important part.Based on the characteristics of these opportunities,this paper analyze the value of defined value of high-tech type of business valuation and assessment methods,using real option value of growth opportunities in these specific studies.This in-depth analysis of the value of traditional enterprises such as market pricing method,equity method and other high-tech enterprises in the value assessment of the shortcomings of existing operating assets of high-tech enterprise profitability and corporate-owned patents,proprietary technology, intangible assets such as R&D investment opportunities inherent in the potential profitability of the study were to determine the combination of high-tech business valuation valuation methods and the establishment of combined model,and finally through the case to the specific model of the combination of validation and analysis.In this paper,the following two aspects of innovative.First,the basic principle under the proposed valuation and the value defines the type of high-tech enterprises-the value of growth opportunities,combined with the value of the type proposed evaluation method;Second, analysis the evaluation model sensitivity of each variable ,find high-tech enterprise value of the most sensitive factor,and high-tech companies can draw on the management of sensitive factors to better achieve business value management and value added.