收益法评估专利权中折现率的确定问题研究-毕业论文.docxVIP

PAGE II 本科毕业论文（设计） 收益法评估专利权中折现率的确定问题研究 摘要 现代经济市场高速发展，全球化程度不断加深，随之而来的是市场上企业之间各种交易活动越来越频繁，涉及到专利权评估的活动也越来越多，准确和科学地对专利权进行评估就显得尤为重要。 本文在通过对国内外有关专利权评估的文献进行学习之后，大致了解国内外专利权评估的概况，然后确定了本文的整体框架思路，研究方向。专利权属于无形资产，但它具有自身的特殊性，使其区别于一般的无形资产，评估专利资产价值时，收益法是首选方法，而合理使用收益法的关键在于合理确定折现率。? 本文通过分析折现率确定的两种常用方法—— CAPM模型和 WACC模型，得出两种方法在评估专利权价值时仍存在许多不足，因此在本文中介绍一种新的方法——多属性综合评价模型方法。接着详细介绍多属性综合评价模型的影响因素，运用案例具体说明多属性综合评价模型的确定方法，分析其优势和不足，呼吁折现率的深入研究和此方法的应用推广。? 关键词: 专利权；折现率；多属性综合评价模型  Abstract With the rapid development of modern economic market and the deepening of globalization,there are more and more transactions between enterprises in the market, and more and more activities involving patent assets evaluation. It is particularly important to evaluate patent assets accurately and scientifically. After?studying?the?literature?about?patent?assets?at?home?and?abroad,?this?paper?roughly?understands?the?general?situation?of?patent?assets?evaluation?at?home?and?abroad,?and?then?determines?the?overall?framework?and?research?direction?of?this?paper.Patent?is?a?special?intangible?asset,?because?of?its?own?dependence?and?other?characteristics,?income?method?has?become?the?main?method?to?evaluate?the?value?of?patent,?and?the?most?critical?issue?in?income?method?evaluation?is?the?determination?of?discount?rate. In?this?paper,?by?analyzing?the?two?commonly?used?methods?to?determine?the?discount?rate?-?CAPM?model?and?WACC?model,?it?is?concluded?that?there?are?still?many?shortcomings?in?the?evaluation?of?patent?value?of?the?two?methods,?and?the?multi-attribute?comprehensive?evaluation?method?to?be?advocated?in?this?paper?is?put?forward.?Then?it?introduces?the?influencing?factors?of?the?multi-attribute?comprehensive?evaluation?model?in?detail,?illustrates?the?determination?method?of?the?multi-attribute?comprehensive?evaluation?model?by?using?a?case,?analyses?its?advantages?and?disadvantages,?and?calls?for?further?study?of?the?discount?rate?and?the?application?and?popularization?of?this?method. Key words: pa