| 实物期权及其在风险投资中的应用 |
| |
| 引用本文： | 张丽,杨春鹏,余玲.实物期权及其在风险投资中的应用[J].商业研究,2003(3):37-39. |
| |
| 作者姓名： | 张丽 杨春鹏 余玲 |
| |
| 作者单位： | 青岛大学,国际金融学院,山东,青岛,266071 |
| |
| 摘 要： | 从广义的期权定义中引出实物期权的概念,对金融期权和实物期权进行比较分析;并借鉴金融期权的定价方法,得出实物期权的定价公式。通过计算风险投资项目中实物期权的价值,比较含有实物期权的风险投资项目与一般投资项目的价值,可以看出在风险投资中引入实物期权的思想,对风险投资家做出正确的投资决策,以及对风险资本的保值增值有重大的指导意义。
|
| 关 键 词： | 实物期权 风险投资 等待期权 |
| 文章编号： | 1001-148x(2003)03-0037-03 |
| 修稿时间： | 2002年4月26日 |
Real Option and Its Application in Venture Capital |
| |
| Abstract: | We introduce the concep of real option from the general definition of option and compare financial option and real option. It is thus acquired the pricing equation of real option by the pricing means of financial option analyzing real option in venture capital. Through calculating the value of real option in venture capital projects and comparing the value of venture capital projects and that of ordinary invest projects, we can find that the idea of real option in venture capital has significantly instructive function as to making correct investment decision and appreciation of venture capital. |
| |
| Keywords: | real option venture capital waiting option |
| 本文献已被 维普 万方数据 等数据库收录！ |
|
