Evaluation And Application Of Improved Income Approach In High-techenterprises’ Intellectual Property

Nowadays, the whole world has been into the age of knowledge economy, so that the intellectual property has become more and more important for the development of economy and society. With the establishment "intellectual property" strategy, great importance has been attached to the development, utilization and protection of intellectual property. Meanwhile, for the high and new technology industries (here after referred to as high-tech), intellectual property is subtly taking replace of tangible assets in making profit and beginning to realize its value-creating function. Therefore, both the managers and investors of high-tech enterprises should realize the important role of intellectual property in facilitating the companies’ competitive strength and the countries’comprehensive strength keenly. At the same time, to achieve the sustainable development of companies, professional judgment must be used in its value measurement, utilization and realization.So, this paper takes the intellectual property of high-tech enterprises as research object. By analyzing the characteristics of high-tech enterprises, it finally limits the research scope of technical intellectual property which composed of both patented technology and non-patented technology. Property we make analysis of the essence high tech enterprises, and especially technical companies. It mainly analyzes the characteristics of technical intellectual property and the development of social economy, and talks about the theory of asset appraisal basing on the law of value. Then it combines the two and brings forth some new ideas. It improves the traditional income method from the following 3 aspects:residual life of technical intellectual property, periodical improvement of share rate and dynamic analysis of the discount rate. It also uses the improved income method to assess high-tech enterprises. Meanwhile, by case study, this article compares the results evaluated by improved and original method, and verifies the research result, then draws the conclusion that the improved method applies to high-tech enterprises technical intellectual property assessment, and hopes it can be widely used in more evaluation practice.