| 创业企业价值的实物期权评估方法 |
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| 引用本文： | 陈睿.创业企业价值的实物期权评估方法[J].价值工程,2004,24(2):26-28. |
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| 作者姓名： | 陈睿 |
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| 作者单位： | 西安理工大学工商管理学院,西安,710048 |
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| 摘 要： | 发展创业企业是各国实现经济迅速增长的重要途径。创业企业价值评估对于投资决策具有十分重要的意义。但是,目前常用的折现现金流量法无法完整地评估创业企业价值。因此,本文引入实物期权概念对创业企业价值进行分析,并运用Black-Scholes公式和二叉树模型对其价值进行评估。
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| 关 键 词： | 创业企业 实物期权 期权价值 |
The Method of Evaluationg for Real Option of the Venture Capital' Value |
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| Chen Run.The Method of Evaluationg for Real Option of the Venture Capital'''' Value[J].Value Engineering,2004,24(2):26-28. |
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| Authors: | Chen Run |
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| Abstract: | Developing venture capital is one of important paths to realizing rapid ec onomic growth,so it is very important to e-valuate the value of venture capital in making investment decisions.But the valuation of venture capital can not be achieved perfectly by using DCF(discounted-cash-flow)method adopted frequently.T herefore,this paper analyses the value of Venture capital by intro-ducing the c oncept of real option,then evaluates its option value by the formula of Black-Sc holes and binominal tree model. |
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| Keywords: | venture capital real option option value |
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