The Application Study Of Options Theory In New High-Tech Enterprise Valuation

21st century is a knowledge economy era, Hi-Tech industry became the engine of economy development, so the Hi-Tech enterprises which make up of Hi-Tech industry becoming the focus of attention of people. In our country, in order to improve the economy strength and international competition ability, we should develop Hi-Tech industry that depends on new High-Tech enterprises. But, the lack of the standard valuation with reason blocks the fuse of venture investment and new High-Tech enterprises. How to estimate new High-Tech enterprise's value is an urgent problem right now.The issue puts new High-Tech enterprise as main body of research, uses the theories which include technological economics evaluation, financial management, invest management...and the methods which include model analysis, combination of theory research and practical application, combination of qualitative and quantities analysis...to progress the groping study on new High-Tech enterprise valuation.Bases on the introduction of the basic knowledge of venture investment and new High-Tech enterprise, the issue carries on careful analysis on new High-Tech enterprise's value composing, and valuation specialties, etc. After those analysis, the issue points out that the traditional valuation approaches's deficiencies in valuing new High-Tech enterprise; fells that the hypothesis of options theory is much close to the real environment of High-Tech venture investment and that the option valuation...