高新技术企业实物期权的识别

Identification of real options for high-tech companies

实物期权作为一种价值评估工具,有着传统价值评估方法无可比拟的优越性,同时作为一种柔性决策工具,它可以更有效地揭示企业未来潜在价值,同时使企业有效地利用资源并结合市场对本企业实行有效地战略化管理。如何利用实物期权对企业价值作出有效评估,识别企业所拥有的实物期权是关键。文章主要对企业实物期权的各种来源作出阐述,以便成为企业在未来时间内整合自有资源以及战略发展的引航标。

To be the valuation methods, real option is of the superiority which the traditional valuation methods do not own. Being the flexible decision-making methods, it can reveal the potential value for the companies in the future. Companies can make the best use of resources and carry out the strategic management efficiently to match the market with this method. Identifying the companies＇ real options is the key factor for evaluation, in this article, the sources of companies＇ real options will be given out so as to be the guide for the strategic development of the companies in the future.