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Research On The Appraising Method Of Software Company

Posted on:2009-06-29Degree:MasterType:Thesis
Country:ChinaCandidate:J ZhanFull Text:PDF
GTID:2189360308479774Subject:Technical Economics and Management
Abstract/Summary:PDF Full Text Request
Software industry is the core of information industry, and it is the strategic industry in relation to national economy and social development, it is also the key industry to enhance its national strength. The development of the industry must ultimately rely on the development of enterprises. The developing prospects of software industry creates a good environment and infrastructure conditions for the development of software companies, and attracts more and more concerned attention about software companies, therefore it is that appraising the value of software company has become the important process in the aspects of software company development and new capitals poured into this industry. However, with software companies and manufacturing enterprises compared, in addition to general business in common, there are also different from the other industries in the obvious characteristics. So, the value appraisal methods used commonly are unsuitable for appraising the software companies, the most important disadvantage of which is paying little attention to the primary factors that make value such as human resource and intangible assets, etcThis paper states the software industry characteristics and analyzes qualitatively the influencing factors that have effects on the value of software companies. In order to overcome the current common appraisal methods limitation in appraising the software company value, this paper choices, adjusts and uses effectively the traditional appraisal methods according to the characteristics of software enterprises. This paper clears the factors that have effect on the software company and puts forward the index system that considers the factors of the inside and outside, which comprise all of aspects affecting on the company value. After using the experts grading method to compute the index weight, this paper establishes a appraisal model to appraise the value of software companies based on the value of the existing business and future opportunities, then takes D Co., Ltd. as an example for the application of the model and analyzes the results of using the appraisal model.
Keywords/Search Tags:software Company, value Appraised, cash flow discount method, real option method
PDF Full Text Request
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