JP2007280018A - System, method, and program for estimating value and financial performance of company - Google Patents

Abstract

<P>PROBLEM TO BE SOLVED: To provide a system, a method and a program for estimating the value and the financial performance of a company that are capable of estimating the appropriate stock value of a company that does not disclose enough information. <P>SOLUTION: The system 100 for estimating the value and the financial performance of a company comprises a first intellectual capital index data extracting part 101 for calculating index data about intellectual capital based on multistep point allocation data 111 for a first company that discloses enough information; a stock price estimation logic extracting part 102 for obtaining a stock price estimation logic 123 based on the first company's stock price data, financial data and index data about intellectual capital; a second intellectual capital index data extracting part 103 for calculating index data about intellectual capital based on multistep point allocation data 131 for a second company that does not disclose enough information; and a company stock price estimating part 104 for computing and/or processing the index data and the financial data about the intellectual capital of the second company based on the stock price estimation logic to estimate the stock price of the second company. <P>COPYRIGHT: (C)2008,JPO&INPIT

Description

  The present invention relates to a system and method suitable for accurately estimating the value and financial performance of a company and the like for which information disclosure is insufficient, and a program therefor.

  In recent years, personal stock investment based on stock trading using the Internet and Internet terminals has been flourishing. Stock investment by institutional investors is also active. In order to increase profits by effectively making stock investments, it is necessary to analyze the companies that are the investment targets and accurately evaluate the value of the companies.

  In order to evaluate a company's future potential and ability and evaluate the company's value, the company usually looks at stock price data and financial data. Stock prices and financial materials are publicly known information that anyone can know. Furthermore, for a group of companies that have advanced information disclosure, the value of the company can be accurately evaluated based on other disclosure information. Some companies with advanced information disclosure can be evaluated using tacit common logic, and a stable stock price is formed in the market over the long term. However, such companies are quite a part.

  On the other hand, there are companies that have insufficient information disclosure. For these companies, the value of the company cannot be correctly evaluated only by publicly known stock price data or financial data, and the value of the company is likely to be determined by other major factors. In addition, there are many cases where irrational stock prices are based on instigative information because necessary information is not available. In that sense, stock prices do not accurately reflect corporate value. There are so many companies that do not have enough information disclosure.

  Today, the concept of “intellectual capital” is being created, proposed, and used to evaluate the value of corporations such as corporations and companies, that is, future growth potential and innovation capabilities (Non-patent Documents 1 and 2) . Intellectual capital is a new concept related to “capital” that is not included in traditional shareholder capital and financial capital. Financial capital, etc. refers to capital and assets that can capture and visualize the results of past business activities and current organizational activities on the balance sheet or in the income statement, while intellectual capital is measured for accounting purposes. It is a concept that includes incapable capital and property, and is formed from elements that serve as a source for creating the future value of a changing and growing company. “Intellectual capital” in a company is discussed academically and qualitatively from an academic perspective such as management studies, management engineering, and organizational theory related to company analysis. Measurement and quantification are possible as materials that can be evaluated.

Generally, Patent Documents 1 to 4 can be cited as conventional techniques for acquiring useful information regarding a necessary object.
Japanese Patent No. 5995943 Japanese Patent No. 5974396 Japanese Patent No. 5970467 Japanese Patent No. 3025479 Translated by Patrick Sullivan, Kozo Mizutani, “The essence of intellectual management”, Toyo Keizai Inc., published May 2, 2002 Reef Edvinson, Michael S. Malone, translated by Toru Takahashi, “Intellectual Capital”, Japan Management Association Management Center, issued November 1, 1999

  The problem to be solved by the present invention is that, for example, a group of companies that are the subject of equity investment and for which information disclosure is insufficient, apply intellectual capital measurement and quantification technology to increase the value of the company. It seeks intellectual capital evaluation data that seems to be effective for evaluation, and tries to accurately estimate and evaluate a company's value and financial performance together with known stock price and financial data.

  Therefore, in view of the above-described problems, the object of the present invention is to accurately evaluate the value of a company with insufficient information disclosure, and to estimate the appropriate stock price of the company. And providing a system and method and program for estimating financial performance.

  In order to achieve the above object, a system and method and program for estimating the value and financial performance of a company according to the present invention are configured as follows.

The enterprise value estimation system according to the present invention (corresponding to claim 1) is constituted by the following first to fourth means.
The first means includes, for at least one first company with sufficient information disclosure, a plurality of internal human elements that are members of the first company and a plurality of external human elements related to the first company. Index data relating to intellectual capital is calculated based on multi-stage stipulation data relating to cognitive information of the first company acquired from each of the above, and index data relating to intellectual capital of the first company is extracted.
The second means analyzes and extracts the stock price estimation logic based on the stock price data and financial data of the first company and the index data relating to the extracted intellectual capital.
The third means is for each of a plurality of internal human elements that are members of the second company and a plurality of external human elements related to the second company for the second company for which information disclosure is insufficient. Index data relating to intellectual capital is calculated based on the multi-stage stipulation data relating to the recognition information of the second company acquired from the above, and index data relating to the intellectual capital of the second company is extracted.
The fourth means calculates and processes index data and financial data relating to the intellectual capital of the second company based on the stock price estimation logic to estimate the stock price and financial performance of the second company.

  The enterprise value estimation method according to the present invention (corresponding to claim 2) includes a first stage executed by the first means, a second stage executed by the second means, and the third stage. A method comprising a third stage executed by the means and a fourth stage executed by the fourth means.

  A program for estimating corporate value according to the present invention (corresponding to claim 3) is a program for causing a computer to function as the first means, the second means, the third means, and the fourth means. is there.

  According to the enterprise value and financial performance estimation system, etc. according to the present invention, the company's intellectual capital measurement / quantification technology is used. Analyzing and extracting stock price estimation logic using the above data, and then using the intellectual capital data obtained for companies with insufficient information disclosure and publicly known financial data, and extracting the above stock price estimation logic Therefore, it is possible to estimate an appropriate stock price for a group of companies that are the subject of equity investment and for which information disclosure is insufficient, and that the value and financial performance of that company can be estimated. Evaluation can be performed accurately.

  DESCRIPTION OF EMBODIMENTS Preferred embodiments (examples) of the present invention will be described below with reference to the accompanying drawings.

  FIG. 1 shows the configuration of a system for estimating the corporate value and financial performance of the present invention (hereinafter referred to as “corporate value estimation system”), and FIG. 2 shows the configuration of a computer that implements the corporate value estimation system.

  As shown in FIG. 1, the corporate value estimation system 100 includes a first intellectual capital index data extraction unit 101, a stock price estimation logic extraction unit 102, a second intellectual capital index data extraction unit 103, and a corporate stock price estimation unit 104. The

  The first intellectual capital index data extraction unit 101 has a plurality of internal human elements that are members of the first company for at least one company whose information is sufficiently disclosed (hereinafter referred to as “first company”). And index data 112 relating to intellectual capital is calculated based on multi-stage stipulation data 111 relating to cognitive information of the first company acquired from each of a plurality of external human factors related to the first company, It has a function of extracting index data 112 relating to the intellectual capital of a company. The index data 111 relating to the intellectual capital of the first company is data that can evaluate the intellectual capital of the first company. A method of calculating the index data 112 related to intellectual capital will be described later.

The stock price estimation logic extraction unit 102 calculates the stock price estimation logic 123 based on the publicly known stock price data 121 and financial data 122 that can be obtained for the first company and the index data 112 related to the extracted intellectual capital. It has the function of analyzing and extracting. “Stock price estimation logic 123” means a function (F (x _n )) that determines “stock price” using stock price data 121, financial data 122, and index data 112 relating to intellectual capital as variables.

  The second intellectual capital index data extraction unit 103 selects a plurality of internal human elements that are members of the second company and the number of the internal human elements that are not fully disclosed (hereinafter referred to as “second company”). The index data 132 relating to intellectual capital is calculated based on the multi-stage score data 131 relating to the second company's cognitive information obtained from each of a plurality of external human factors related to the second company, It has a function of extracting index data 132 relating to intellectual capital. The method of calculating the index data 132 related to intellectual capital is the same as that of the first company.

The company stock price estimation unit 104 uses the index data 132 relating to the intellectual capital of the second company whose information disclosure is insufficient and the known financial data 141, and uses these data as variables to change the stock price estimation logic described above. 123 (function (F (x _n ))), having a function of calculating and processing based on the stock price estimation logic 123 to estimate the stock price of the second company and outputting the stock price estimate 142. Yes.

  In the above, the program for extracting the intellectual capital index data used for realizing the functions of the first intellectual capital index data extraction unit 101 and the second intellectual capital index data extraction unit 103 is common. A program is used. There is only a difference that the input data for executing the program is different.

  The enterprise value estimation system 100 including the first intellectual capital index data extraction unit 101, the stock price estimation logic extraction unit 102, the second intellectual capital index data extraction unit 103, and the corporate stock price estimation unit 104 shown in FIG. This is realized by installing necessary software (program) on the computer.

  That is, as shown in FIG. 2, in the computer 201, in the memory 202, the program PR 1 that realizes the function of the first intellectual capital index data extraction unit 101 and the function of the second intellectual capital index data extraction unit 103, stock price estimation A program PR2 for realizing the function of the logic extraction unit 102 and a program PR3 for realizing the function of the company stock price estimation unit 104 are provided. These programs PR1, PR2, and PR3 are read by the CPU 203 at appropriate timings and executed by the CPU (central processing unit) 203, thereby realizing the above functions.

  The memory 202 is provided with a data storage unit 204 that stores data to be executed by each of the programs PR1, PR2, and PR3. The data storage unit 204 stores and stores necessary data. Further, the CPU 203 includes an input unit 205 and an output unit 206.

  The input unit 205 inputs the above-described multi-stage scoring data 111, known stock price data 121 and financial data 122 for the first company, multi-stage scoring data 131 for the second company, known financial data 141, and the like. Data is entered. In addition, the data storage unit 204 of the memory 202 stores various input data, index data 112 relating to the extracted intellectual capital regarding the first company, and intellectual capital relating to the second company. The index data 132 and the estimated stock price data of the second company are stored. From the output unit 206, estimated value data of the stock price estimated by the enterprise value estimation system 101 is output.

  A method of estimating the corporate value (financial performance) executed by the corporate value estimation system 100 having the above configuration will be described with reference to FIGS. 1 and 2 and FIG.

  In the corporate value estimation system 100 according to the present embodiment, the value and financial performance (value from the viewpoint of stock price, etc.) of a number of second companies for which information disclosure is insufficient are partly disclosed. Based on the stock price estimation logic 123 obtained by using the index data 112 from the viewpoint of the intellectual capital of one company and the publicly known stock price data 121 and financial data 122, and the intellectual capital related to the second company The estimation data 132 and the known financial data 141 are used for estimation. Therefore, as shown in FIG. 3, the method for estimating the value and financial performance of the company includes the first stage 301 for extracting the stock price estimation logic using the information of the first company, and the stock price estimate value of the second company. It is divided into two stages of a subsequent stage 302 for calculating.

The first stage 301 is a stage 301A for storing and storing index data 112 relating to intellectual capital and publicly known stock price data 121 and financial data 122 for the first company, stock price data and financial data of the first company, and intellectual capital. The stock price estimation logic 123 (function (F (x _n ))) is analyzed and extracted using the index data according to the step 301B. The stock price estimation logic 123 (function (F (x _n ))) acquired by the analysis / extraction in the step 301A is used in the subsequent stage 302.

In the latter stage 302, the stock price of the second company with insufficient information disclosure is estimated using the stock price estimation logic 123 (function (F ( _xn ))) acquired in the previous stage 301. The latter stage 302 is a stage 302A for storing and storing index data 132 relating to intellectual capital and publicly known financial data 141 for the second company, these data, and the obtained stock price estimation logic 123 (function (F (x _n ))) and the step 302B for estimating the stock price of the second company.

  As a result of the above, it is possible to obtain a reasonable stock price estimation knowledge 142 that should be appropriate for the second company that has insufficient information disclosure. In addition, the value of the second company can be legitimately evaluated.

In the above, the execution of the first stage 301 does not have to be performed each time, and it is sufficient to perform it once. It is also possible to configure the subsequent stage 302 to be executed for a large number of second companies using the stock price estimation logic 123 obtained in the first stage 301. Also, the stock price estimation logic 123 (function (F (x _n ))) may change over time depending on the economic situation, corporate situation, and social situation. It is also possible to execute at appropriate timing.

  Next, how to obtain index data (112, 132) related to intellectual capital will be described with reference to FIGS.

  FIG. 4 shows the intellectual capital system and the position of intellectual capital in the enterprise. Focusing on grasping the corporate value from the present to the future, while the traditional shareholder capital and financial capital are the concept of value centering on the financial status of the company from the past. This is a concept that can be used to measure corporate value from the past to the present and the future within the relationship. “Intellectual Capital” is defined as “the source of future or future profitability (financial value) of a company”.

  Unlike the financial capital 11 or the like, the intellectual capital 12 of the company does not exist numerically in advance as information about the company. That is, there is no pre-existing document or document in which the contents of “intellectual capital” are numerically shown in the company.

  The intellectual capital 12 is divided into organizational structural capital 21, human capital 22, relational structural capital 23, and business model 24 at a lower level. The contents of the organizational structural capital 21, human capital 22, and relational structural capital 23 are further divided. The organizational structural capital 21 includes an intellectual property 31 and a process 32. Human capital 22 consists of management 33 and employees 34. The relational structural capital 23 consists of a network 35, a brand 36 and a customer 37. The system forming the intellectual capital 12 preferably has a three-layer structure including the intellectual capital 12 positioned at the highest level and the middle item and the lowest item.

  Regarding the business model 24, the intellectual property 31, the process 32, the management team 33, the employee 34, the network 35, the brand 36, and the customer 37, the points to be evaluated by the quantification operation are as follows.

  Business model 24 is “recognizing core competence, market competitiveness, and business risks, whether domestic and overseas business selection and concentration are practiced, and whether there are barriers to entry against competitors” It is.

  The intellectual property 31 is “whether the intellectual property has marketability and realizes monetization, or whether the intellectual property has a competitive advantage over competitors”.

  Process 32 states, “Each business line has been selected and concentrated to achieve the vision and goals, and optimal management resources have been allocated. "Is it used as an organizational capability by sharing knowledge and skills of employees and utilizing IT systems?"

  The management 33 says, “To make sure that corporate objectives and management targets are understood and penetrated within the company, and that it is a mechanism to quickly take on-site information and make decisions based on it. The point is whether the management structure is optimal and the system enables smooth and positive communication.

  Employee 34 said, “Whether the company ’s mission and management philosophy has permeated employees, the mission and management philosophy is broken down into each employee ’s actions, and appropriate evaluation and motivation for business improvement and skill improvement. Is the measure taken? "

  The network 35 is “There is an appropriate network to complement the weak points of the company, from product development / business development to human resource utilization, supply chain, production method, sales channel, distribution channel, collection system. And whether internal activities are properly communicated to stakeholders.

  The brand 36 is “recognizing what constitutes the company's brand and developing sales activities to be superior to competitors”.

  The customer 37 is, “Is it possible to build a strong customer base that leads to improvement of corporate value or to grasp customer needs quickly and accurately, and to take measures to reflect them in product services”.

  As described above, the element of intellectual capital 12 in a company is not manifested as numerical data or documents in advance. Also, corporate managers are not exactly aware of the corporate element of “intellectual capital” in management. However, unlike financial capital 11 as a result of past business activities, “intellectual capital,” which is defined as a resource for creating corporate value and a source of future financial value, is important from the perspective of corporate management guidelines. It is an index and occupies an important position as management information.

  According to the present invention, a basic information is collected by executing a procedure (research procedure) for obtaining required information for a company, the collected information is converted into data, the basic data is analyzed, and a final result is obtained. In other words, it measures and quantifies the potential intellectual capital inherent in a company, and evaluates the value of the company in terms of intellectual capital. The basic information collected about a company is cognitive information about each of a plurality of internal human elements that are members of the company and a plurality of external human elements related to the company.

  Intellectual capital measured for the target company helps to understand the current value of intellectual capital in the company, clarify the future value and risk of the company, and use it to derive key success factors in management It becomes possible.

  Each component of the business model 24, intellectual property 31, process 32, management team 33, employee 34, network 35, brand 36, and customer 37 in the intellectual capital 12 shown in FIG. It is quantified by an analytical means for analyzing basic data.

  For each of the above quantified components, as needed, indicators such as “potential”, “utilization”, “management” or “efficiency”, “innovation”, “risk”, etc. (Evaluation item)

  Further, each of the organizational structural capital 21, human capital 22, and relational structural capital 23 positioned at the upper level is also quantified and evaluated by indicators such as “potential”, “utilization”, and “risk”. The quantification / evaluation of the organizational structural capital 21 is determined based on the combination of the quantification / evaluation of the intellectual property 31 and the process 32. The quantification / evaluation of the human capital 22 is determined based on the combination of the quantification / evaluation of the management team 33 and the employee 34. The quantification / evaluation of the relationship structure capital 23 is determined based on the combination of the quantification / evaluation of the network 35, the brand 36, and the customer 37.

  The final intellectual capital 12 of the company is determined based on a combination of organizational structural capital 21, human capital 22, relational structural capital 23, and business model 24.

  In the quantification / evaluation of the organizational structural capital 21, human capital 22, relational structural capital 23, business model 24, and intellectual capital 12, as described above, for example, “potential”, “utilizing power”, “risk” It is evaluated with such indicators.

  As described above, the intellectual property 31, the process 32, the management team 33, the employee 34, the network 35, the brand 36, and the customer 37 that are the lowest constituent elements, the organizational structural capital 21 and the human capital 22 that are the middle items. In each of the measurement / evaluation of the relational structural capital 23, the business model 24, and the top intellectual capital 12, indices such as “potential”, “utilizing power”, “risk”, and the like are used.

  In the above case, the indicators of “potential” and “utilization” are 10 (very high), 9 (very high), 8 (high), 7 (relatively high), 6 (average), A 10-point scale of 5 (relatively low), 4 (low), 3 (very low), 2 (very low), 1 (lack) is performed. As for the “risk” index, 0 (a negligible decrease in efficiency), 1 (a moderate decrease in efficiency), 2 (a high degree of decrease in efficiency), 3 (a very high decrease in efficiency) Grade) is evaluated.

  FIG. 5 is a system diagram showing an example of a system related to the measurement / evaluation of the intellectual capital 12 and each component described above. In FIG. 5, 41 is a “potential” bar graph, 42 is a “utilizing power” bar graph, and 43 is a “risk” bar graph. As shown in FIG. 5, the structure and state of the intellectual capital can be visualized for the entire intellectual capital 12 and each of its components.

  Next, a process for measuring and evaluating the intellectual capital 12 having the above system for a specific company will be described.

  FIG. 6 shows an example of a standard intellectual capital measurement and evaluation process performed for a specific company. The horizontal axis represents a time axis in units of “weeks”. The measurement / evaluation process has, as partial steps, a preliminary preparation step 51 (2 weeks), a research execution step 52 (3-5 weeks), and a measurement / analysis step 53 (2 weeks). Implemented in months. In addition, the numerical value of said period is an example, and is not limited to this. It can vary depending on the conditions of the target company.

  The pre-preparation step 51 is a step located in the previous stage for executing the intellectual capital measurement / evaluation process for a specific company. In the preparatory process, collection of company information related to the company and selection of a plurality of human elements to be targeted are performed.

  The collection of company information is for grasping the outline of the company's business. Examples of materials to be prepared include company information, company history data, business policies, acquired patent materials, management policies, financial statements, business profitability index materials, personnel system materials, and organization charts.

  Further, since it is assumed that research is performed on human factors related to the company, a plurality of target human factors are selected. Necessary information is acquired by an information collection method similar to those using interview format, questionnaire format, or communication means for a plurality of selected subjects. In the following explanation, the interview format is used. A plurality of target persons (human factors) are selected, and necessary information is acquired from these persons. This is because intellectual capital is not materialized, but is wrapped in the human factors of employees.

  The total number of subjects is about 35, for example. The numerical value of this number is also an example, and is not limited to this. It changes according to the size of the target company. A plurality of subjects are classified into the following four categories. There are four categories: internal A (internal executive class), internal B (internal employee class), external A (external officer or expert), and external B (customer, supplier, collaborative partner). When the selection of a plurality of subjects is confirmed, a profile for each subject is requested. The provided profile information of each subject is used for the subsequent interview of each subject.

  In the research execution step 52, an interview is performed on each of the selected plurality of subjects 54. For each of a plurality of subjects 54, an interview question sheet 55 is prepared by a normal method. The interviewer interviews each subject 54 according to the interview questionnaire 55 and obtains an answer. The number of interview items (question items) is about 150 to 200. These interview items are divided into eight categories. The eight categories are: (1) Business Model, (2) Intellectual Property, (3) Process Capital, (4) Management, (5) Employees, (6) Partner Network, (7) Brand, (8) Be a customer. The above eight categories correspond to respective components such as the lowest layer in the three-layer structure forming the intellectual capital 12 shown in FIG. In a plurality of interview items belonging to each of the eight categories, each interview item is set corresponding to each of indices such as “potential”, “utilization ability”, and “risk”. Furthermore, in each of the interview items of about 150 to 200 questions, for example, a score is assigned at a stage of 1 to 8. The number of interview items and the number of categories described above are merely examples, and are not limited to these numbers. For example, it can be arbitrarily determined according to the scale and purpose of the target company.

  In the above research execution step 52, regarding the interview questionnaire 55, (1) business model, (2) intellectual property, (3) process capital, (4) management, Each of the eight categories of 5) employees, (6) partner network, (7) brand, (8) customer should be observed to extract the multiple middle items shown in FIG. A plurality of interview items are set for these middle items.

  In the measurement / analysis step 53, the answer score obtained from the interview questionnaire 55 regarding each of the plurality of interviewees 54 in the research execution step 52 is input to the measurement analysis device (arithmetic processing device) 56, and the measurement result 57 is displayed. Output. The measurement analyzer 56 stores (records) the answer score in the storage device, and then performs necessary calculation processing. In the calculation process, “potential”, “utilization”, and “risk” for intellectual capital based on multi-level scoring data related to the recorded response scores (cognitive information) of internal and external interviewees. An index calculation step for calculating such an index, and a chart creation output step for charting and displaying three indices related to intellectual capital as shown in FIG. 5 are executed. The measurement result 57 output based on the arithmetic processing in the measurement analyzer 56 is a content representing the intellectual capital related to the target company, and is an analysis result / evaluation product. As described with reference to FIG. 5 and the like, the measurement result 57 is an analysis result / evaluation object including a chart display object. In the measurement result 57, the intellectual capital of the target company is measured and evaluated with three indicators such as “potential”, “utilization ability”, and “risk”, that is, evaluation items. In the measurement analyzer 56 described above, cognitive information acquisition / recording means for acquiring and recording the cognitive information related to the company as multi-stage scoring data, and the recorded answer sheet scores (cognitive information) of the recorded internal and external interviewees. FIG. 5 shows index calculation means for calculating three indices such as “potential”, “utilization ability”, and “risk” regarding intellectual capital, and three indices regarding intellectual capital, based on such multi-level scoring data. Thus, a chart creation output means for charting and outputting the chart is provided. An analysis result report 58 and an interview comment collection 59 are further attached to the measurement result 57.

  With reference to FIG. 7, calculation processing related to measurement in the measurement / analysis step 53 will be described. In the measurement / analysis process 53, the answer score obtained from each interview questionnaire 55 of about 35 interviewees 54 is “potential”, “utilization”, “ A score for any one of the three indicators of “risk” is acquired, and an average score is calculated for each interview item for 35 persons. It should be noted that obtaining the “average score” in the score calculation method (rounding method) is merely an example, and the present invention is not limited to this. Any other calculation method can be adopted. This is the same for the other calculation methods described herein.

  In FIG. 7, reference numeral 61 denotes a part of an answer sheet corresponding to the interview question sheet 55, and an average score 62 is written for each interview item, that is, the question item. In the answer sheet 61 shown in FIG. 7, for example, questions 1 to 5 are questions corresponding to the potential (B), questions 6 to 8 are questions corresponding to the risk (R), and questions 9 to Reference numeral 12 denotes a question item corresponding to the utilization power (F).

  Next, using the average score 62 of the interview items, the scores of the three indexes such as “potential”, “utilizing power”, and “risk” are calculated for the related upper middle item 63 (procedure P11). In this case, each interview item is given a weight (W) 64 according to the situation. Next, by using scores such as three indicators of “potential”, “utilization ability”, and “risk” of a plurality of middle items, regarding the related upper intellectual capital components (1) to (8), Scores such as three indexes such as “potential”, “utilization power”, and “risk” are calculated (procedure P12). Even in this case, a weight (W) 65 is attached to each middle item according to the situation. Next, using the scores of three indicators such as “potential”, “utilizing power”, and “risk” of multiple intellectual capital components, the related upper organizational structural capital 21, human capital 22, For each of the structural capital 23 and the like, scores such as three indexes such as “potential”, “utilizing power”, and “risk” are calculated (procedure P13). Even in this case, a weight (W) 66 is assigned to each component according to the situation. Next, with respect to the relational structural capital 21, human capital 22, organizational structural capital 23, and business model 24, the top three scores are used, such as “potential”, “utilization”, and “risk”. Scores for the three indexes such as “potential”, “utilizing power”, and “risk” are calculated for the intellectual capital 12 (procedure P14). Even in this case, each component is given a weight (W) 67 according to the situation.

  The above-mentioned weights in the calculation at each stage in the measurement / analysis step 53 are determined empirically based on a statistical method according to the business model and characteristics of the company to be measured / evaluated.

  The method for measuring and evaluating the intellectual capital of a company provided by the present invention enables quantification and evaluation of the intellectual capital of the company. If corporate information from the perspective of intellectual capital can be provided accurately, it will be possible to evaluate the future of the company based on the characteristics inherent in intellectual capital, and this will allow further rating of the company. .

  FIG. 8 shows another embodiment. In the above-described embodiment, in the research execution step 52, information related to the intellectual capital of the company is obtained from the interviewee 54 in an interview format based on the operation of the human element. In this embodiment, a server (including a storage device and a database) 71 including a device for performing research and measurement analysis is provided, and the research execution process is performed in a questionnaire format using the Internet. When the server 71 executes the research implementation process, each of the interviewees 54 sends an answer input form corresponding to the interview questionnaire 55 through the PC terminal 73 via the Internet 72 based on the questionnaire providing function. It is configured to be accessible. Actually, first, mail is transmitted from the server 71 to each PC terminal 73 of the interviewee 54 (procedure P1). In this e-mail transmission, information on the questionnaire URL, login ID, and password is sent. When the interviewee 54 receives the mail transmission, the interviewee 54 accesses the questionnaire URL of the server 71 (procedure P2). The interview target person 54 inputs a score on the answer input form 74 as an answerer (procedure P3). After the input of the score is completed, the input data is transmitted to the server 71. In this way, it is possible to obtain answer scores from a plurality of interviewees, that is, respondents, using the communication means of the Internet 72. The answer score is stored in the storage device of the server 71.

  The server 71 performs measurement analysis based on a function equivalent to the above-described measurement analysis device 56 (answer numerical analysis algorithm), and stores the result in the storage device. The result of the measurement analysis is output as various outputs 75 by the report output function of the server 71 (procedure P4). In addition, by preparing various management screens 76, it can be used for management work (procedure P5).

  The configurations and arrangement relationships described in the above embodiments are merely schematically shown to the extent that the present invention can be understood and implemented, and the present invention is not limited to the described embodiments. Various modifications can be made without departing from the scope of the technical idea shown in the claims.

  INDUSTRIAL APPLICABILITY The present invention is used to calculate an estimate of a stock price of a company with insufficient information disclosure by using a technology for measuring and evaluating intellectual capital inherent in the company, and to accurately evaluate the company. .

It is a block diagram which shows the structure of one Embodiment of the corporate value estimation system which concerns on this invention. It is a block diagram which shows the computer system which implement | achieves the corporate value estimation system which concerns on this embodiment. It is a figure for demonstrating the estimation method performed with the enterprise value estimation system which concerns on this embodiment. It is a system configuration diagram having a hierarchical structure showing the intellectual capital system and the positioning of intellectual capital in a company. It is an evaluation chart figure which shows the display of the parameter | index which concerns on the measurement and evaluation of the element in a three-layer structure by the system of an intellectual capital. It is a process diagram which shows the measurement / evaluation process of the standard intellectual capital implemented with respect to arbitrary companies. It is a figure for demonstrating the rule for calculating a score in each step | paragraph image-wise. It is a block diagram of other embodiment of this invention.

Explanation of symbols

DESCRIPTION OF SYMBOLS 12 Intellectual capital 54 Interviewee 55 Interview questionnaire 56 Measurement analyzer 57 Measurement result 100 Corporate value estimation system 101 1st intellectual capital index data extraction part 102 Stock price estimation logic extraction part 103 2nd intellectual capital index data extraction part 104 Company Stock Price Estimator 123 Stock Price Estimation Logic 142 Stock Price Estimate

Claims (3)

Obtained from each of a plurality of internal personnel elements that are members of the first company and a plurality of external personnel elements associated with the first company for at least one first company that is sufficiently disclosed First means for calculating index data relating to intellectual capital based on multi-stage scoring data relating to cognitive information of the first company, and extracting the index data relating to the intellectual capital of the first company; ,
Second means for analyzing and extracting stock price estimation logic based on the stock price data and financial data of the first company and the index data relating to the intellectual capital;
A second company acquired from each of a plurality of internal human elements that are members of the second company and a plurality of external human elements related to the second company for the second company for which information disclosure is insufficient. A third means for calculating index data relating to intellectual capital based on multi-stage scoring data relating to cognitive information of the company, and extracting the index data relating to the intellectual capital of the second company;
A fourth means for calculating and processing the index data and financial data relating to the intellectual capital of the second company based on the stock price estimation logic to estimate the stock price and financial performance of the second company;
A system for estimating corporate value and financial performance, characterized by comprising: Obtained from each of a plurality of internal personnel elements that are members of the first company and a plurality of external personnel elements associated with the first company for at least one first company that is sufficiently disclosed A first step of calculating index data relating to intellectual capital based on multi-stage scoring data relating to cognitive information of the first company, and extracting the index data relating to the intellectual capital of the first company; ,
A second stage of analyzing and extracting stock price estimation logic based on the stock price data and financial data of the first company and the index data relating to the intellectual capital;
A second company acquired from each of a plurality of internal human elements that are members of the second company and a plurality of external human elements related to the second company for the second company for which information disclosure is insufficient. A third step of calculating index data relating to intellectual capital based on multi-stage scoring data relating to cognitive information of the company and extracting the indicator data relating to the intellectual capital of the second company;
A fourth stage of calculating and processing the index data and financial data related to the intellectual capital of the second company based on the stock price estimation logic to estimate the stock price and financial performance of the second company;
A method for estimating the value and financial performance of a company characterized by comprising: Computer
Obtained from each of a plurality of internal personnel elements that are members of the first company and a plurality of external personnel elements associated with the first company for at least one first company that is sufficiently disclosed First means for calculating index data relating to intellectual capital based on multi-stage scoring data relating to cognitive information of the first company and extracting the index data relating to the intellectual capital of the first company;
Second means for analyzing and extracting a stock price estimation logic based on the stock price data and financial data of the first company and the index data relating to the intellectual capital;
A second company acquired from each of a plurality of internal human elements that are members of the second company and a plurality of external human elements related to the second company for the second company for which information disclosure is insufficient. A third means for calculating index data relating to intellectual capital based on multi-stage scoring data relating to cognitive information of the company and extracting the index data relating to the intellectual capital of the second company;
As a fourth means for calculating and processing the index data and financial data relating to the intellectual capital of the second company based on the stock price estimation logic to estimate the stock price and financial performance of the second company,
A program to make it work.

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