An Improvement Study On Valuation Methods Of The New Fuel Patent Technology

Due to the arrival of knowledge-based economy in the world, patents andproprietary technology as an important part of intellectual property rights play anincreasingly important role. At the same time, with the gradual deepening of China’seconomic reform and technological reform, more and more enterprises and companiesin new or reorganization prefer to use intangible assets as an investment, especiallyusing patent technology as an investment. In recent years, with the frequent patenttransactions, it is necessary to assess patent technology. Therefore, it is imperative toassess the patent technology objectively, legally and fairly. At the moment,technology assessment, techniques market of our country was still in the initial stage,lacking the patent technology market prices of the Market Approach assessmentmethods; therefore the cost approach was often utilized to appraise the patenttechnology. But along with the socialist market economy establishing, people regardthe future income which the patent technology brings more important. But inassessing practice, the use of traditional Income Approach to assess the patenttechnology will inevitably lead to unreasonable assessment results. Because manyappraisers still follow the idea of enterprise value assessment to ass ess the patenttechnology, but the law of value realization of the patent technology is different fromthe law of value realization of the enterprises. In this case, it has an extremelyimportant realistic meaning to improve the Income Approach based on th e life-cyclethinking which can improve the rationality of patent technology assessment results.The article first analyzes the theory of the patent technology, the theoreticalvalue of patent assets and the Income Approach. Then according to the fact that theassessment result of original case is different from the actual transaction price, thearticle carefully analyzes the reasons. According to the shortcomings of the traditionalIncome Approach, the article puts forward improvement tread based on realizationlaw of patent technology. Improvement thread is embodied in dynamic analysis offuture earnings and risk. And then applying the improved Income Method to assessthe original patent technology, the result obtained is compared with the actualtransaction price.