软件企业价值评估方法比较研究

A Comparative Study of Valuation Approach for Software Enterprises

本文结合软件企业价值估价案例分析比较各种估价方法的适用性和优缺点,从各种方法对无形资产未来价值反映程度出发,认为软件企业的价值估价一般应优先选用实物期权法,其次是市场法和现金流贴现法,最后才考虑用成本法。

The essay discusses which approach fits most for evaluating the software enterprises.By comparing the characteristics of the valuation approaches,a conclusion is made that the real option should be considered first,and the second is the market method and discount of cash flow method,the last is cost method.