中国半导体企业价值评估研究综述  

Review of Research on Value Evaluation of Chinese Semiconductor Enterprises

作　　者：于倩 杨毅[1] YU Qian;YANG Yi(School of Economics and Management,Guangxi University of Science and Technology,Liuzhou 545000,China)

机构地区：[1]广西科技大学经济与管理学院,广西柳州545000

出　　处：《商业观察》2024年第15期21-25,共5页BUSINESS OBSERVATION

基　　金：国家自然科学基金资助项目(71462004);广西高校人文社会科学重点研究基地基金项目(桂教科研[2019]17号)。

摘　　要：半导体行业是判定一个国家科学技术、经济实力和国防能力的重要标准,半导体问题是我国打赢“卡脖子”核心技术攻坚战的关键。我国半导体行业蓬勃发展,但是由于行业细分行业多、研发投入大、风险与收益高等特点,还未形成完整的评估体系;理论界和实务界对于半导体企业价值评估方法存在不同看法。文章对相关文献进行回顾研究,梳理半导体企业现有的评估方法,结合半导体企业的价值构成,为我国半导体企业价值评估提供了新的参考思路。The semiconductor industry is an important indicator of a country's science and technology,economy,and defense capabilities,and the semiconductor issue is a key factor in China's core technology breakthrough.China's semiconductor industry is thriving.But due to the industry's multiple sub-sectors,large research and development investments,and high risks and returns,a comprehensive evaluation system has not yet been established.There are different views on both theoretical and practical circles regarding the valuation methods for semiconductor enterprises.This article reviews relevant literature,outlines the existing evaluation methods for semiconductor enterprises,and in conjunction with the value composition of semiconductor enterprises,provides a new reference for the valuation of semiconductor enterprises in China.

关 键 词：半导体企业价值评估 潜在价值 EVA法与实物期权法综合模型 

分 类 号：F273.4[经济管理—企业管理]