DB机器人公司股权并购中的资产评估

发布时间：2018-06-06 06:31

本文选题：智能机器人 + 固定资产　；参考：《华东理工大学》2017年硕士论文

【摘要】：伴随着人类社会、经济发展的全球化进程,人类社会工业革命的发展也经历了从1.0到4.0的发展阶段。全球技术创新活动日趋活跃,新技术、新业态、新模式、新产业层出不穷,各种技术领域的创新活动空前活跃。与此同时,我国私募股权投资行业也风起云涌,这也进一步推动国内诸多相关领域的快速发展。进入21世纪以来,特别是在我国私募股权领域开展的诸多并购案例中,针对机器人行业特定领域内的并购行为日益增多,如何准确评估各类机器人公司的资产价值,对于传统的资产评估领域的方法：成本法、、收益法、市场法的理解以及对其进一步适当性的应用,提出了更高的要求。以及在评估过程中对评估方法的选择也要依据具体的评估目的、评估时点市场环境条件和被评估对象的状态来确定评估价值的类型。针对DB机器人公司固定资产中自制机器设备的非标准化(不定型、不成系列、需要进行单台改良型设计,再进行非标准化制造的设备)、无形资产(诸如创始人技术研发团队)的基础上开展准确的评估,夯实机器人领域公司并购的基础。固定资产、无形资产的准确评估,最关键的是通过准确定义固定资产、无形资产的内涵并结合机器人领域公司的自身特点以及并购过程中呈现价值的需要。本文以DB机器人公司在企业成长过程中的资产并购行为为研究对象,通过对DB机器人公司的经营状况、财务状况、以及对未来企业发展战略的SWOT分析基础上结合相关资产的评估理论作为基础,对DB机器人公司固定资产中自制机器设备、无形资产中创始人技术研发团队的特定特点等,以理论结合具体数据的研究分析作为前提,并通过对DB机器人公司的数据进行计算并作进一步评估的结论为依据,据此提出了DB机器人公司相关资产的价值,使得其资产评估价值更加准确、客观。以提高私募股权投资行业在并购DB机器人公司过程中的价值发现。
[Abstract]:With the globalization of human society and economic development, the industrial revolution of human society has also experienced a development stage from 1.0 to 4.0. Global technological innovation activities are increasingly active, new technology, new forms of business, new models, new industries emerge in endlessly, and innovation activities in various fields of technology have never been more active. At the same time, China's private equity investment industry is also surging, which further promote the rapid development of many related areas in China. Since the 21st century, especially in the field of private equity M & A cases in our country, in view of the increasing M & A behavior in specific areas of robot industry, how to accurately evaluate the asset value of all kinds of robotics companies, Higher requirements are put forward for the understanding of traditional methods in the field of asset assessment: cost method, income approach, market approach and its further application. And in the process of evaluation, the selection of evaluation methods should be based on the specific evaluation purposes, market environmental conditions and the state of the object to be evaluated to determine the type of evaluation value. In view of the non-standardized (non-stereotyped, non-serial) self-made machine equipment in the fixed assets of DB Robotics Company, it is necessary to carry out a single modified design. An accurate assessment based on non-standardized manufacturing equipment, intangible assets (such as the founder's technical research and development team) is carried out to consolidate the foundation for corporate mergers and acquisitions in the robotics field. The key to the accurate evaluation of fixed assets and intangible assets is to define accurately the fixed assets and the connotation of intangible assets and to combine the characteristics of companies in the field of robots and the needs of presenting value in the process of mergers and acquisitions. In this paper, we take the behavior of asset merger and acquisition in the process of enterprise growth of DB robotics company as the research object, through the operating condition, financial condition of DB robot company, On the basis of the SWOT analysis of the future enterprise development strategy and the evaluation theory of related assets, the special characteristics of the fixed assets of DB robotics company and the special characteristics of the founder's technical R & D team in the intangible assets are discussed. Based on the conclusion that the theory is based on the research and analysis of specific data and the data of DB robotics company is calculated and evaluated further, the value of the related assets of DB robotics company is put forward. Make its asset appraisal value more accurate, objective. In order to improve the private equity investment industry in the acquisition of DB robotics in the process of value discovery.
【学位授予单位】：华东理工大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F426.6;F271

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