【摘要】： 高新技術(shù)企業(yè)的重組、并購、上市等經(jīng)濟(jì)活動(dòng)日益頻繁,價(jià)值管理在企業(yè)管理中的重要性越來越凸現(xiàn),以及高新技術(shù)企業(yè)對(duì)風(fēng)險(xiǎn)投資的特殊需求,這些都使得高新技術(shù)企業(yè)的價(jià)值評(píng)估需求越來越大。然而,由于新技術(shù)、新產(chǎn)業(yè)不斷涌現(xiàn),知識(shí)更新速度加快,產(chǎn)品的生命周期縮短,企業(yè)外部環(huán)境愈加動(dòng)蕩和不確定,使高新技術(shù)企業(yè)具有不同于傳統(tǒng)型企業(yè)的成長模式和發(fā)展特點(diǎn),因而也就具有了不同的企業(yè)價(jià)值評(píng)估特點(diǎn)。 本文系統(tǒng)地分析了高新技術(shù)企業(yè)的價(jià)值特點(diǎn)及其價(jià)值驅(qū)動(dòng)來源。并著重分析了其價(jià)值鏈特征,緊接著本文基于價(jià)值鏈角度,其企業(yè)價(jià)值是一種綜合價(jià)值,是由財(cái)務(wù)因素和非財(cái)務(wù)因素共同構(gòu)成的綜合體。本文共分五章: 第一章:對(duì)國內(nèi)外高新技術(shù)企業(yè)價(jià)值評(píng)估研究現(xiàn)狀進(jìn)行綜述,對(duì)其價(jià)值作了一番定義,并給出本文研究的目的、思路和方法。 第二章:從高新技術(shù)產(chǎn)業(yè)的界定入手,對(duì)高新技術(shù)企業(yè)進(jìn)行界定,然后再分析高新技術(shù)企業(yè)所具有的一般特點(diǎn)。同時(shí)對(duì)高新技術(shù)企業(yè)生命周期、價(jià)值來源、價(jià)值鏈進(jìn)行分析,為其價(jià)值評(píng)估做好鋪墊。 第三章:首先分析高新技術(shù)企業(yè)價(jià)值評(píng)估所具有的特性,指出傳統(tǒng)的企業(yè)價(jià)值評(píng)估方法的局限性和適用性,基于此,本文提出基于價(jià)值鏈管理思想下的價(jià)值評(píng)估方法新思路,即從財(cái)務(wù)因素和非財(cái)務(wù)因素兩方面來進(jìn)行高新技術(shù)企業(yè)價(jià)值評(píng)估。財(cái)務(wù)因素的評(píng)估可根據(jù)企業(yè)的生命階段來選取不同的傳統(tǒng)評(píng)估方法,而對(duì)于非財(cái)務(wù)因素的評(píng)估本文采用AHP-模糊綜合評(píng)價(jià)模型進(jìn)行評(píng)估。 第四章:基于上文的分析,提出了高新技術(shù)企業(yè)價(jià)值評(píng)估模型思路,并闡述了基于AHP-模糊綜合評(píng)價(jià)法下的非財(cái)務(wù)因素指標(biāo)體系建立的一般步驟。 第五章:選用中山大學(xué)達(dá)安基因公司對(duì)上文建立的高新技術(shù)企業(yè)評(píng)估模型進(jìn)行實(shí)例分析,驗(yàn)證其可行性。
[Abstract]:The restructuring, mergers and acquisitions, listing and other economic activities of high-tech enterprises are increasingly frequent, and the importance of value management in enterprise management is becoming more and more prominent, as well as the special needs of high-tech enterprises for venture capital. These all make the high-tech enterprise's value appraisal demand more and more big. However, as a result of new technologies, new industries continue to emerge, the speed of knowledge renewal is accelerating, the life cycle of products is shortened, and the external environment of enterprises becomes more volatile and uncertain. As a result, high-tech enterprises have different growth patterns and development characteristics different from those of traditional enterprises, so they have different evaluation characteristics of enterprise value. This paper systematically analyzes the value characteristics of high-tech enterprises and the source of value-driven. Then, based on the angle of value chain, the enterprise value is a kind of comprehensive value, which is composed of financial factors and non-financial factors. This paper is divided into five chapters: chapter one: a review of the research status of value evaluation of high-tech enterprises at home and abroad, the definition of its value, and the purpose, ideas and methods of this study are given. Chapter two: start with the definition of high-tech industry, define the high-tech enterprise, and then analyze the general characteristics of the high-tech enterprise. At the same time, the life cycle, value source and value chain of high-tech enterprises are analyzed. The third chapter analyzes the characteristics of the value evaluation of high-tech enterprises, and points out the limitation and applicability of the traditional enterprise value evaluation method. Based on this, this paper puts forward a new idea of value evaluation method based on the thought of value chain management. That is, from the financial factors and non-financial factors to evaluate the value of high-tech enterprises. The evaluation of financial factors can select different traditional evaluation methods according to the life stage of the enterprise, and the AHP- fuzzy comprehensive evaluation model is used to evaluate the non-financial factors in this paper. Chapter 4: based on the above analysis, this paper puts forward the thought of the value evaluation model of high-tech enterprises, and expounds the general steps of establishing the index system of non-financial factors based on AHP- fuzzy comprehensive evaluation method. In chapter 5, we select Da'an Gene Company of Sun Yat-sen University to analyze the evaluation model of high-tech enterprises above, and verify its feasibility.
【學(xué)位授予單位】：廣東工業(yè)大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2008
【分類號(hào)】：F276.44

【引證文獻(xiàn)】

相關(guān)會(huì)議論文 前1條

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2 王蘭;基于價(jià)值鏈的企業(yè)價(jià)值評(píng)估研究[D];東北林業(yè)大學(xué);2011年

3 程富;基于行業(yè)生命周期的高新技術(shù)企業(yè)價(jià)值評(píng)估[D];哈爾濱工業(yè)大學(xué);2010年

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本文編號(hào)：2472219