Research On Valuation Of Civilian-run Hi-tech Enterprises

As an important high-tech Productivity, and promote the development of human society, is causing great changes in the world. October,2009 GEM market established. It opened up for these civilian-run high-tech enterprises financing channels, to provide a use of the capital market development and expansion platform. It brought to the civilian-run high-tech enterprises of the opportunities is self-evident. This is conducive to China's rapid development of high-tech industries. Civilian-run high-tech enterprises have sprung up everywhere, with the momentum of development of some of the traditional enterprise limping a great contrast. Along with the fast development of civilian-run high-tech enterprises in our country, civilian-run high-tech enterprises issues related to the research seem especially. More and more activities among civilian-run high-tech enterprises appear, for example, the merger among the business, come into the market, business value management, the service for the risk investment etc. All of the activities stimulate the needs of business valuation. Therefore, the specialists enlarge the investigation in the civilian-run high-tech enterprises valuation. And also it makes civilian-run high-tech enterprises to be a new topic of the investigation in evaluation. Find suitable content and characteristics of civilian-run high-tech enterprises pricing method is highly theoretical and practical significance, and is accurate reveal the value of key civilian-run high-tech enterprises, and is also promoting a high-tech enterprises in China's development of the standardized requirements of the times.This paper obtained from the analysis civilian-run high-tech enterpriser's meaning and the characteristic, carried on the introduction and the appraisal to the existing several kind of popular enterprise value assessment theory, according to civilian-run high-tech enterprises characteristic and the development condition has made the choice to its valuation method. In this paper, it constructed a set to suit civilian-run high-tech enterprises own characteristic the value assessment system, and quantificated the enterprise continually innovation ability to value assessment model. Explained the civilian-run high-tech enterprises each development phase handling characteristics regarding the value assessment model. It has realized has carried on the bilateral surface appraisal to outside the enterprise existing ledger assets and the account value, namely enterprise existing do business profit ability and latent profit ability appraisal. Through the example application appraisal model's result analysis, it has confirmed the value assessment method system's rationality which this paper constructed.