【作者】 梁素宏；

【导师】 张心灵；

【作者基本信息】 内蒙古农业大学 ， 农业经济管理， 2003， 硕士

【摘要】 21世纪是高科技竟相发展的一个世纪，高新技术企业及网络公司的涌现以及他们咄咄逼人的发展势头，使越来越多的人把高新技术企业视为时代的宠儿，但高新技术企业价值到底在哪里，为什么人们对其趋之若鹜?本文从高新技术企业特点及评估特性入手，阐述了传统价值评估方法和国际上提出的一种新思路在高新技术企业中的应用利弊，从而选择了目前比较完整、具有理论意义的评估方法——折现现金流量模型，对高新技术企业进行价值评估，并对这个模型的两大基本要素—现金流量和折现率进行了详尽的分析，以便更明确如何在高新技术企业中运用此模型。当然，任何理论说其比较完整、具有理论意义都是相对而言的，折现现金流量模型也不例外，采用折现现金流量法评估高新技术企业也存在着难点，此论文对其进行了探讨，并对传统评估方法和新思路加以结合，使高新技术企业价值能更好的得到体现。更多还原

【Abstract】 High technology will vie with each other developing in 21 century, so more and more people regard new high technology enterprise as the baby of times .Which the new high technology enterprise and web company spring up and have a stronger trend of boom. But, what is the value of new high technology enterprise so that many people warm run after them? The paper elaborates their advantage and disadvantage when they are applied to assess the value of new high technology enterprise starting from the characteristic and the appraisal feature of new high technology enterprise. Which have traditional approach of value appraisal and a new train of appraisal in international. In order to choice the appraisal approach梔iscount cash flow model that it is look as a perfect and abreast on the theory and practice, in addition, the paper give a minute description about the two main element 梒ash flow and the discount ratio of the model .so can know how to apply the model further in new high technology enterprise, of course, any theory including cash flow model is comparative when looked as perfect and the best theory, This approach has many difficult point also when use the model appraise the value of new high technology. The paper inquire into the difficult while integrate a new way on base of two approach so can calculate the value of new high technology enterprise more precise.更多还原