A Comparative Study Of Intangible Assets Valuation Income Method And Real Options Method

Modern life, rapid scientific and technological development, both in terms of industrial production or personal life, intangible assets play an increasingly important role in a number of areas to create intangible assets worth more than physical assets have contributed possession intangible component level, from the reflection of the owner of the assets and the level of science and technology leadership. And to follow the needs of the world continues to accelerate the pace of the transformation of Chinese enterprises, companies in the international market more and more involved in economic activities, especially in some high-tech industries. Determine the value of intangible assets has become a major issue and a hot business owners assess community discussion concerns. This article is under such conditions and demand in the valuation of intangible assets and foreign study and research of basic theory and technical processing, first describes the theory and evaluation of intangible factors as well as attention problems, and analyzes the different assessment methods the applicability of intangible assets under different conditions of. Patented combination of intangible assets itself has uncertainty, particularly in the development and production of the extension, this patented intangible assets have a strong option characteristics, through qualitative analysis and quantitative calculation of square intangible assets Intellectual Property valuation explore research, concluded:income Approach in practice the value of intangible assets resulted in underestimation led to the loss of value of assets; real options model includes the potential value of the intellectual property generated uncertainty in the assessment, reflect the investment decision-making flexibility and management flexibility; the value of intellectual property rights will be affected by various uncertainties, investment decisions need to be fully considered.This paper introduces the concept and characteristics theory of intangible assets, and then use the income approach the main method of evaluation of intangible assets are introduced proposed substantive deficiencies, combined with further options feature patented case of intangible assets introduction of real option pricing model. Finally, the paper two methods used in the same case, between the application process and the results were compared and analyzed income method and real options method and evaluate the effectiveness of different application conditions in the valuation of intangible assets derived.