实物期权方法应用于风险投资项目评价的可行性研究

利用实物期权理论可以对不确定性条件下的各种选择权进行定量分析,从而提供一个有用的投资决策框架。文章详细论述了实物期权在风险投资中的应用,并以延迟投资期权为例证明实物期权确实能给风险投资家带来某些创见,最后对实物期权的适用性进行了一定评述。

Feasibility research of material object future option's application in risk investment project evaluation

By using the real option theory, all sorts of options can be analyzed quantitatively under an uncertain condition ,which provides a useful framework for investment decision. This paper discusses the applications of real options in venture capital context in detail. By presenting an example of the deferred investment option, it proved that the real options could exactly bring some useful insights to the venture capitalists. Finally, this paper reviews the advantages and limits of these applications.