Application of Real Option Method for Pricing Venture Investment Project

被引：0

作者：

Wu, JianHua ^{[1
]}

机构：

[1] Wuhan Univ Technol, Coll Econ, Wuhan 430070, Peoples R China

来源：

NINTH WUHAN INTERNATIONAL CONFERENCE ON E-BUSINESS, VOLS I-III | 2010年

关键词：

real option; venture investment; compound option;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

DCF (discount cash flow method) is often used by a company when doing the venture assessment, in which NPV (net present value) is the most frequently concerned. However, as to the evaluation of the growth-opportunity and the intangible assets, the traditional DCF has its inherent limitations. In this paper, a multi-staged compound real option model is established to price ventures based on discussing real option characteristics of venture capital investing. And game theory is introduced to expanding real option pricing model

引用

页码：1231 / 1243

页数：13