Small And Medium-sized Technology-based Enterprise Research On Application Of Real Options Method In The Small And Meidium-Sized Technology-Based Enterprise Assets Value Assessment

In the process of world economic development,knowledge innovation and technology innovation have become the key factor of economic growth.Along with the knowledge innovation and technological innovation,labor intensive and capital intensive industries are constantly changing to knowledge and technology intensive industries.According to the trend of the development of social economy and technology,it's can be predicted that investment based on intangible assets as knowledge and technology as the main body would be increasing,the intangible assets will become the key to improve the economic benefits and the development of social productivity.Science and technology oriented small and medium-sized enterprises are the cornerstone of economic development.The small and medium sized enterprises of science and technology assets in proprietary technology,patents,production process,registered trademarks,production standards,permit,the development of network users,the rights and interests of the market and the like non tangible assets,and the proportion of land,buildings,machinery and equipment and other traditional recognized assets is relatively small.China's existing laws and regulations to intangible assets as the proportion of financial contribution can be accounted for 70%,in view of this,China's legislation on intangible assets has a very high degree of recognition.With the extensive use of intangible assets,the transfer of intangible assets,investment,trading,pledge and other activities will become more and more active,and the importance of intangible assets appraisal is becoming more and more prominent.In this paper,based on the research status at home and abroad,Summarizes the relevant theories of small and mid-sized enterprise intangible asset appraisal and the present situation of small and mid-sized enterprise intangible assets assessment;Starting from the concept of intangible assets,this paper expounds the characteristic of intangible assets,and its contents;analyzes the characteristics of Small and midsized enterprises and the intangible assets of small and medium-sized enterprises,and the particularity of intangible assets evaluation work of the small and mid-sized enterprise;Put forward the problems in this kind of intangible assets evaluation,through the analysis of these problems discussed the ways and means to solve these problems.In the evaluation of intangible assets,the real option method is a relatively new method of intangible assets assessment,this method fully considers the impact of external factors on the evaluation results,which makes the evaluation of intangible assets more accurate and reasonable,thus improve the accuracy and feasibility of the intangible assets evaluation.So this article on the evaluation methods,the introduction of binary tree option pricing model to determine the size of the intangible assets value,through the actual case of appraisal the small and mid-sized enterprise intangible asset,through comparing the real option method and income method to confirm the superiority and effectiveness of the real option method.