| Eighteenth Century industrial revolution brings new changes in technology, promote the comprehensive development of economy and society, the human life has ushered in a new era. Hundreds of years hurried as fleeting, today, the development of global economic integration and the coming of the era of knowledge economy once again set off a new wave of technological revolution and industrial revolution, industry of new and high technology arises at the historic moment. High and new technology enterprises perfect combination of knowledge economy era of information, technology, talent and service characteristics of complex competition,increasingly become the core driving force of technological progress and rapid economic development. All over the world in order to meet the challenges of the new era, the establishment of high economic and Technological Development Zone has become the trend of the times, for the development of high and new technology enterprise provides a good social conditions and the business environment. In addition, securities trading market have also set up a special trade sector, high-tech enterprises to provide special effective financing channels, for its development has added a powerful capital support, such as NASDAQ and China’s gem and so on.In our country new and high technology industries development began in 1988 torch plan the implementation of the implementation, the to guide the national science and technology talents join high technology industry, as the core objective of promoting high technology product commercialization, industrialization and international development. In 2008, the Ministry of science and technology promulgated the policy documents, such as "the management measures for the identification of high and new technology enterprises" and "the guidelines for the identification and management of high and new technology enterprises",to support and encourage the development of China’s high and new technology industry. High tech enterprises in China after 20 years of development, has begun to take shape has gradually become to promote the development of the national economy an important part of, until the end of 2014, China National High Tech Development Zone has reached 114, this year plans to have 16 provincial-level high-tech zones will be upgraded, then the number of state-level high-tech zones will exceed 100.In spite of this, there is still a big gap between our country’s high-tech industry and the developed western countries.As a new industry, high-tech enterprises have huge development potential and space, is bound to attract a large number of funds, personnel and other important economic resources of the continuous influx of. The evaluation of enterprise value has important guiding significance to guide investors to make effective capital investment and promote capital appreciation. The research on the value evaluation method of high tech enterprises has great theoretical and practical significance for the development of enterprises.This paper on the basis of previous studies, made a preliminary summary and discussion, first of all that the background and significance of the research topic, a brief description of the research ideas and research methods, from high-tech enterprises to define standards of, analysis the value of high-tech enterprises, and combined with the high-tech enterprise growth opportunities such as the value of project investment with the real options properties proposed value of the high and new technology enterprise value of the assessment, to compensate for the traditional methods of evaluation of combination model on the basis of the combination of the EVA value assessment model and real option (B/S) model.Through the actual case of JX medical Polytron Technologies Inc, evaluate and analyze specific combination model, evaluation of the conclusion of the paper, and puts forward some suggestions and prospects. |
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