Study Of New High-tech Enterprise Valuation

With enterprises and science rising, technology evaluation progressing and various new high-tech of the enterprises are developing rapidly and playing an important role in the fields of risk investment, public issuing, transaction of property rights, Merger and Acquisition and business operation. As the characteristics of the new high-tech enterprises differ from those of the traditional enterprises, there is some difficulty in their valuation .Therefore, it is that appraising the value of new high— tech enterprise has become the important process in the aspects of new high—tech enterprise development and new capitals poured into this industry. New high—tech enterprises are the new kind industry in contrast to other traditional industry ,which have special character by their own. So, the value appraisal methods used commonly are unsuitable for appraising the new high — tech enterprises, Therefore, the value appraisal method on new high—tech enterprise is a new subject.This paper analyzes the factors that have effects on the value of high—tech enterprise and introduce the Fuzzy Mathematics and Analytic Hierarchy Process methods and tries to use mathematics language to describe the new high—tech enterprise appraised, overcoming the traditional common appraisal methods limitation in appraising the new high—tech enterprise value. This paper clears the factors that have effect on the new high—tech enterprise and establishes the index system that considers the factors of the inside and outside, the financial and non-financial, the short term and long term, which comprise all of aspects affecting on the new high —tech enterprise value, the indexes of which are respective, and using the Fuzzy Mathematics and Analyze Hierarchy Process method to appraise the new high-tech enterprise value comprehensively, then puts this method into an case to testify the method effectively...