Value Assessment Of Information Technology Enterprises Based On EVA Model

In China,although the information technology industry develops later than other developed countries,with the opportunities brought about by the reform and opening up in the late 1970 s and the globalization process,China's information technology industry has also entered the fast lane of development.Along with China's continuous promotion of economic restructuring and upgrading,the information technology industry is gradually replacing traditional industries as a new symbol to measure the country's comprehensive strength.Different from traditional enterprises,information technology requires a large number of technical talents,a large amount of capital investment,and a new type of business management model.It has the characteristics of high investment,high risk and high profit.Therefore,it is necessary to be independent and fair to evaluate information technology enterprises.Objectively and scientifically.Scientific,accurate and reasonable evaluation of information technology enterprise value is conducive to the company's mergers and acquisitions,investment decisions,and the improvement of its own enterprise value.The practice community usually uses two methods of asset base method,market method and cash flow discount method when evaluating enterprises in traditional industries.Compared with the traditional value assessment method,the biggest feature of the EVA value assessment model is that it adjusts some accounting items and fully considers the cost of equity capital in the enterprise,so that it can more accurately,objectively and comprehensively reflect the value-added ability of the enterprise value.Applying to the valuation of information technology companies can more scientifically reflect the true value of information technology companies.In addition,the evaluation results obtained by using the EVA value assessment model are consistent with the shareholders' financial maximization goal.Using the model to evaluate the enterprise value can avoid the short-sight behavior of the enterprise to a certain extent.For information technology enterprises,it can promote The growth of R&D investment has more scientifically and accurately measured the value of information technology enterprises,providing investors,managers and regulators with a new valuation idea,laying the foundation for the long-term development of information technology enterprises.On the basis of combing and summarizing relevant literatures at home and abroad,based on the characteristics of information technology industry,this paper selects EVA value evaluation model to evaluate information technology enterprises,and compares the obtained evaluation conclusions with the market price to prove the EVA value evaluation model.Applicability and scientificity in the value assessment of information technology enterprises.