• Title/Summary/Keyword: Valuation Technique

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A Study on Valuation Framework of Technology Competitiveness For Technology Intensive Small Medium Venture Company (기술집약형 중소 벤처기업의 기술력평가 체계에 관한 연구)

  • Kim, Sang-Yun;Yu, Eun-Jeong;Im, Chun-Seong
    • Proceedings of the Technology Innovation Conference
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    • 2005.06a
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    • pp.24-43
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    • 2005
  • On industry highly developed and competition with each company, technology is considered as the one of the most significant variables in the era of technology competition. So, the needs of technology valuation and valuating technology competitiveness are increasing to measure value of company. However, in many cases of valuation tools, elaborate valuation technique is required all the more by reason of difficulty of defining the valuation target, the valuation perspective and the purpose of valuation. This study tried to define valuation framework of technology competitiveness for technology intensive small medium venture company to valuate technology environment and company's capability related with technology synthetically as well as technology itself which company uses. And also the purpose of technology valuation, the purpose of technology competitiveness, basic elements of technology valuation, trend of technology valuation in major countries including Korea are presented and analyzed.

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Estimating Environmental Impact Caused to the Isahaya Bay Wetland by Applying Remote Sensing and CVM

  • Ahmed, K. S. Sarwar Uddin;Gotoh, Keinosuke;Tachiiri, Kaoru
    • Proceedings of the KSRS Conference
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    • 2003.11a
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    • pp.540-542
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    • 2003
  • This study aims at integrating economic tools and remote sensing for environmental impact valuation of the Isahaya Bay Wetland (IBW). In doing so, we have used potential behavioral economic valuation technique: contingent valuation method and satellite remote sensing technique: land cover mapping. From the results of the study, we are able to bracket a range of values from (22 to 200 billion yen) for arriving at the true economic value lost due to the initiation of reclamation project on the IBW and would provide a new dimension to get nearer to the more accurate environmental impact assessment.

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The Accuracy of Various Value Drivers of Price Multiple Method in Determining Equity Price

  • YOOYANYONG, Pisal;SUWANRAGSA, Issara;TANGJITPROM, Nopphon
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.1
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    • pp.29-36
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    • 2020
  • Stock price multiple is one of the most well-known equity valuation technique used to forecast equity price. It measures by multiplying "the ratio of stock price to a value driver" by a value driver. The value driver can be earning per share (EPS), sales or other financial measurements. The objective of price multiple technique is to evaluate the value of assets and compare how similar assets are priced in the market. Although stock price multiple technique is common in financial filed, studies on the application of the technique in Thailand is still limited. The present study is conducted to serve three major objectives. The first objective is to apply the technique to measure value of firms in banking sector in the Stock Exchange of Thailand. The second objective is to develop composite price multiple index to forecast equity prices. The third objective is to compare valuation accuracy of different value drivers of price multiple (i.e. EPS, Earnings Growth, Earnings Before Interest Taxes Depreciation and Amortization, Sales, Book Value and Composite Index) in forecasting equity prices. Results indicated that EPS is the most accurate value drivers of price multiple used to forecast equity price of firms in baking sector.

Measuring the Monetary Value of Intellectual Capital - A Case Study of the ETRI - (지적자본의 화폐가치 측정 방법 연구: E연구원 사례를 중심으로)

  • Kim, Yong-Joo;Yi, Chan-Goo;Kim, Dong-Young
    • Asia pacific journal of information systems
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    • v.15 no.4
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    • pp.165-192
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    • 2005
  • This study introduces how to estimate the monetary value of intellectual capital of a public research institute by incorporating a non-market valuation technique, the choice experiments(CE). CE is a survey-based environmental valuation technique that has increasingly been popular over the last decade. The members of institute E, a typical type of public research institutes in Korea, were surveyed, before the data were fit to the conditional logit and mixed logit models. The total value of the institute's intellectual capital was estimated at approximately W3,377 billion for the year 2003. The institute's human, structural and relational capitals that comprise the intellectual capital were estimated at W18.7 billion, W10.7 billion and W4.4 billion respectively, for each of the components' index values improving by 1%. The human capital was placed a higher value than the other two. The study also shows that CE is a flexible technique that enables the researcher to estimate the monetary value of the intellectual capital whatever the index values of the component capitals and to interpret model estimation results more in depth by incorporating the mixed logit, a state-of-the-art discrete choice model, than the conventional conditional logic.

Estimating the Utility Value of Boat Fishing Experience Activity Using CVM (CVM을 이용한 선상낚시체험 활동의 효용 가치)

  • Kang, Seok-Kyu
    • The Journal of Fisheries Business Administration
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    • v.47 no.4
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    • pp.45-55
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    • 2016
  • The purpose of this study is to estimate the utility value of boat fishing experience marine tourism activity in Jeju Island's Chagwido. The utility value is estimated by single bounded and double-bounded dichotomous choice contingent valuation method. The contingent valuation method is used to estimate economic values for all kinds of coastal ecosystem services. The method involves directly asking people, in a survey, how much they would be willing to pay for specific environmental services. So, the method has great flexibility, allowing valuation of a wider variety of non-market goods and services than is possible with any other non-market valuation technique. This study collects the effective 504 questionnaires from boat fishing experience tourists in Jeju Island's Chagwido. The results show that the average willingness to pay amount(WTP) is estimated to be about 17,000 Korea won by single bounded and double-bounded dichotomous choice contingent valuation method. This indicates that the utility value of boat fishing experience marine tourism activity is estimated to be about 17,000 Korea won in Jeju Island's Chagwido.

The Information value-based document management technique using the Information Lifecycle Management Theory (정보주기관리 이론에 근거한 정보가치 기반문서 관리기법)

  • Im Ji-Hoon;Lee Chil-Gee;Lee Young-Joong
    • Journal of the Korea Society for Simulation
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    • v.14 no.4
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    • pp.19-30
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    • 2005
  • Due to explosive expansion in R & D efforts for advancement of technological predominance by Enterprises, the volume of technical information rapidly increases and emphasize on the valuation of this information has grown ever increasingly important. Therefore the requirement for systematic management and safeguard and accumulation of these intellectual properties of the Enterprise is in very high demand. A lot of effort and research has been carried out and many on going studies in progress to try to derive the optimum solution on how to manage information retention policy, processes, execution method, and hardware to execute the information with and etc. The intent of this thesis is to recommend a way for the Enterprise on how to evaluate the valuation of the data and to suggest the method on how to manage these intellectual properties by way of using Information Lifecycle Management theory which manages data according to the business valuation of the data. The decision on valuation of data and retention cycle is based on analytic method of a nonparametric regression, experimentation was carried out by applying to Enterprise Document Management System to present the suitable retention cycle according to the valuation and variety of attribute of data.

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A Study on the Rational Application of Valuation for Unlisted Stock (비상장주식 가치평가의 합리적 적용방안에 관한 연구)

  • Kim, Heung-Su
    • Journal of Digital Convergence
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    • v.12 no.10
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    • pp.179-189
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    • 2014
  • Unlisted stocks, each country applies a systematic evaluation of the proposed regulations and how the objectivity and reliability of the valuation is trying to improve. In the case of Korea, the law relating to the assessment of unlisted stocks of a representative and 'Inheritance and Gift Tax Law' and the majority of the information in accordance with this law is. IFRS to the valuation of securities at fair value, such as unlisted stocks, but with the exception that non-marketable securities, the acquisition cost can be replaced by a well-known professional organizations calculation of the amount of stocks that the rules are followed. Therefore, in this study, together with the other examples given statutory valuation theory or technique has been referred to various valuation models in practice. It is significant to provide data that can be used to present a variety of methods for the valuation of unlisted shares and enable rationalization study. But the limitations of this study, the implication is obtained through a single enterprise, the research will continue to be applied to the case study and plan the future by the various sectors of the corporate scale.

DETECTING THE CAUSES OF WATER LOGGING PROBLEM IN DHAKA CITY BY APPLYING CONTINGENT VALUATION METHOD AND REMOTE SENSING TECHNIQUE

  • Ahmed, Sarwar Uddin;Gotoh, Keinosuke;Hossain, Shahriar
    • Proceedings of the KSRS Conference
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    • v.2
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    • pp.559-562
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    • 2006
  • Although flood is a very common natural disaster in Bangladesh, recently Dhaka, the capital city of Bangladesh got flooded even in moderate rainfall. Accordingly, on January 2002 the sale and use of polythene bags were banned, by identifying it as one of the main causes for such flooding. Now the question arises, whether only polythene shopping bags are alone responsible for causing water logging problem. Accordingly, the objective of this study is to detect the reason(s) for the recent prolonged water logging problem in Dhaka City, even by small amount of rainfall. Both contingent valuation method and remote sensing technique were used for comparison of the results. The results of the study indicated that, not only polythene bags, but also unplanned land filling is also liable for creating water logging problem in Dhaka City. Finally, the study suggested that, the value of wetlands lost, which is directly related to the recent water logging problem, is more higher than what actually thought by the citizens of Dhaka City.

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A Study on Landscape Valuation of Bridges using Fuzzy Integral

  • Nakano, Kazuyuki;Kagaya, Seiichi;Uchida, Kenetsu;Hagiwara, Toru
    • Proceedings of the Korean Institute of Intelligent Systems Conference
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    • 2003.09a
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    • pp.547-550
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    • 2003
  • This study proposes a landscape valuation technique using fuzzy significance and fuzzy integral. We have two objectives. One is to clarify the relationship of infrastructure with its Surrounding elements in the landscape. The other is to construct a method of selecting the most appropriate infrastructure for the landscape.

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