| Summary: | 碩士 === 國立中興大學 === 高階經理人碩士在職專班 === 93 === Market Approach, Cost Approach, Income Approach and the Real Option Approach are common approaches in the field of ‘Intellectual Property Valuation’. Being Different from the other three approaches, the Real Option Approach valuate not only the ‘Risk’ aspect of an object but also the value of the object itself on the basis of Opportunity and Flexibility. The study adopted the Real Option Approach and Black-Scholes Model; took Patent, one of the Intellectual Properties, as the valuation object and chose new drug industry as the study case to examine the Approach.
The result of this study was during the process of valuation, although Quantity Models were used, the results of the calculation turned out to be variant due to the subjective judgment of the parameters given in the models. The Patent value should be determined by both sides of the transactions that followed the economic law, adopted their own suitable models, chose the reasonable parameters, found out their value and they finalized the transaction after having the negotiation on the Price issue. The ‘Valued Price’ was not the only issue when it came to a transaction.
The study suggested that in order to enhance the recognition of the qualifications, Certified Valuation Analyst in Taiwan should cooperate with National Association of Certified Valuation Analysts (NACVA) to issue the international certificates. By doing so, it will help the financing organization to get the trustworthiness about the result of the valuation. Furthermore, it will empower the intellectual properties collateral as an efficient financing tool.
|
|---|
