Research On Enterprise Value Evaluation Method And Application Of Science And Technology Enterprise

Scientific and creative enterprises are an important force in China’s multi-level and diversified capital market.Scientific and innovative enterprises mainly cover many fields,such as information technology and high-end equipment manufacturing.These fields have a short history of development,but are of strategic significance,industry specificity and great differences.Compared with traditional industries,science and innovation enterprises have a series of characteristics,such as high innovation,strong growth,high profitability,high risk.In the context of China’s industrial transformation and upgrading and high-quality economic development,science and innovation enterprises will play an indispensable role.Therefore,the effective evaluation of the value of scientific and technological innovation enterprises through effective methods is conducive to the capital operation of scientific and technological innovation enterprises,reducing the financing difficulty of scientific and technological innovation enterprises,and providing an effective basis for scientific and technological innovation enterprises to carry out a series of business activities such as mergers and acquisitions.Therefore,the value evaluation of science and technology innovation enterprises is of great significance for the development of new industries.The rationality of the value evaluation of sci-tech innovation enterprises depends on the evaluation model to a large extent.Therefore,this paper has built the value evaluation model of science and technology innovation enterprises as the subject,and carried out a series of research around this subject.This paper first introduces the concepts related to science and technology innovation enterprises,and expounds the specific theories related to this research.It is found that the value evaluation of science and technology innovation enterprises should not only evaluate the existing value,but also pay attention to its potential value.After sorting out the traditional evaluation methods,it is found that the three common traditional evaluation methods all have certain limitations,and it is impossible to scientifically and comprehensively evaluate scientific and innovative enterprises by selecting a single evaluation method.Therefore,this paper evaluates the value of science and technology innovation enterprises through the comprehensive application of free cash flow model(FCFF model)and B-S model of real option method.According to the characteristics of Dynagreen and Green Tech Environmental companies,this paper analyzes the applicability of the two companies ’ life cycle evaluation method.Dynagreen and Green Tech Environmental companies are a high-tech enterprise in the growth period.This paper uses the combination of FCFF two-stage model under the income method and B-S model under the real option method to evaluate the enterprise value of Dynagreen and Green Tech Environmental companies.The evaluation results show that the overall values of Dynagreen and Green Tech Environmental companies are different due to zhe different listing time.enterprise scale.R&D investment and user requirement After the completion of the value evaluation of science and technology innovation enterprises,this paper will sort out the influencing factors of the value evaluation,complete the corresponding sensitivity analysis,and draw a method to enhance the enterprise value.The main contributions of this paper are as follows.First,the constructed value assessment models are used to evaluate the science and technology innovation enterprises,and the results confirm their effectiveness,which contributes to the relevant research literature.Second,with the further analysis for evaluation results,it found out the influence factor for the enterprise value,and draw a method to enhance the value of science and technology innovation enterprises.