A Study On The Value Evaluation For Hi-tech Enterprises

Centuries have passed since the first Industrial Revolution which has made a big difference in the developing history of the human society. And today with the trade of Global Economic Integration and Knowledge Economy, another wave of industrial revolution has been around the corner. The Hi-tech companies, which matters a lot in the modern economic development have seized the opportunity and are growing bigger and bigger.The history of domestic Hi-tech industry started in1988when the torch plan has been carried out. By the end of last year there has already been88national Hi-Tech Development Zone and there will be more in the near future. However in the contrast with the foreign countries there are still lots of efforts remained to be done.The concept of value based management is widely accepted since1990s. How to make contribution to the increasing of the company’s value has already become the priority of the managers’consideration and how to effectively measure the managers’achievements has accordingly become the hot spot for the researchers. As a matter of fact, unlike the traditional companies, the development of Hi-tech companies is primarily based on the development of high and new technology. The high and new technology including network technology and biological engineer technology reinforces the changes of patterns of the Hi-tech companies’development and operation. Hi-tech companies own great developing potentials which allow them to attract amounts of funds and intellectual employees. Therefore, the theory of value assessment has an important influence on the investment decisions.Nowadays the theoretical and practical research of value assessment in our country has been developed for decades. The methods which are applied a lot are the traditional ones such as the cost method and market method and so on. However, these methods are probably the suitable choices according to the features of the Hi-tech companies. Therefore it will be discussed in this article that what the better choice is for the companies to the value assessment.First, this text will introduce all of the business evaluation methods existed. And then analyze the disadvantages of those methods when applied to high and new technique business. Faced with the needs of corrective value assessment, this article sets up a system of evaluation which aims at adjusting the existed value assessment methods and making it suitable for the high and new technique business; this system takes the two perspectives of evaluation in the business into consideration and makes the assessment reflecting the realistic accrual ability and latent accrual ability. In the end, this new method will applied to an actual company and the discussion of the results will be followed.Due to the lack of the experiences and limited research capability, there may be some inadequate discussions. And further improvement will be followed up in the future after more information is acquired.