基于实物期权法的风险投资项目估价方法——一个文献综述

文章理清了实物期权及其在风险投资项目估价中应用的发展脉络,并提出了实物期权在风险投资项目估价应用中需要发展的地方。实物期权在风险投资项目估价中应用的发展,主要以标准的Black&Sc-holes期权定价模型为基础,结合风险投资的特点,从期权的期限、标的资产价值的分布假设、利率、执行价格、波动率等方面对标准的Black&Scholes期权定价模型进行修正。

The Valuation of Venture Capital on Real Options:A Literature Review

The paper attempts to offer a development line of the literatures in the field of real options,specifically of the literatures that deal with the areas of the valuation of venture capital,and put forward issues that future research should still focus on.The development of real option in the valuation of venture capital is the product of the combination of the standard Black & Scholes option pricing model and venture capital,which revised Black & Scholes option pricing model on the consideration of character...