技术类无形资产价值评估中的实物期权方法

Real Option Method in Technical Intangible Assets Valuation

技术类无形资产具有实物期权的性质,不同于有形资产和金融资产,若仍采用传统的估价方式对其评估,容易扭曲资产价值。因此本文评述二叉树定价模型和Black-Scholes模型对技术类无形资产的评估方法的完善,并提出改进建议。

Different from tangible assets and financial assets,technical intangible assets have the feature of real options.The value of assets will be distorted if they are still evaluated with traditional valuation methods.Therefore,this article reviews the binary tree pricing model and the Black-Scholes model to improve the evaluation method of technical intangible assets,and puts forward suggestions for improvement.