A Study of the Appraisal to the Intangible Asset Collateral in the Lending Processed by the Bank

• Main Authors: Ming-Tung Wu, 吳明聰
• Other Authors: Tsau-Yi Ho
• Format: Others
• Language: zh-TW
• Published: 2009
• Online Access: http://ndltd.ncl.edu.tw/handle/12712264760224847725

碩士 === 東吳大學 === 企業管理學系 === 97 === With the era of knowledge economy coming , the valuation for intangible assets becomes more and more critical .But due to the asymmetry of information in the market , there are some issues need to be resolved in the valuation for intangible assets . This research is conducted from a practicable view to study the current situation and problem the faced in the evaluation by local banks in Taiwan. For the purpose of establishing a evaluation system about the intangible assets in Taiwan, this research also examines relevant market mechanisms and experiences in some developed countries, for examples, USA, Germany, Japan and Korea. The intangible assets lacks physical substance and is hard to be quantified and valuated . These disadvantages hinder not only the conduction of transactions but also the development of financing business. Therefore, the success of intangible assets valuation depends on the establishment of a sound valuation system. It is hoped, through establishing an objective valuation system, the problems of information unevenness, uncertainty and contradiction in connection with the intangible assets can be solved, and provide assistance during the initial stage when developing such financing business. The empirical study under this research tries to valuate the economic value of intangible assets by applying the valuation theories – Relief from Royalty Method 、Replacement Cost Method and discounted cash flow approach. Other practices, for examples, the procedure of valuation and the mechanism used for deciding valuation methods, will also be examined. It is hoped that this research can provide local banks a reference when they conduct their internal valuation regarding intangible assets business.