Valuation of a venture capital investment from a start-up company's point of view

被引：0

作者：

Hering, Thomas ^{[1
]}

Toll, Christian ^{[1
]}

Schneider, Johannes ^{[1
]}

机构：

[1] Fern Univ Hagen, Lehrstuhls Betriebswirtschaftslehre, Hagen, Germany

来源：

BETRIEBSWIRTSCHAFTLICHE FORSCHUNG UND PRAXIS | 2012年 / 64卷 / 03期

关键词：

UNCERTAINTY;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In the course of expansion financing by venture capital the problem of valuation arises. Given the total amount and tranche structure of additional equity, the present owners have to calculate the critical (i.e., maximal) proportion share that they can concede to the new investors. For this purpose, the simulative ZGQM is applied to consider simultaneously imperfect capital markets and the decision field under uncertainty.

引用

页码：235 / 261

页数：27