| 投资决策理论新发展——实物期权理论研究综述 |
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| 引用本文： | 唐波,张宇莹,陈德棉. 投资决策理论新发展——实物期权理论研究综述[J]. 财贸研究, 2006, 0(6): 74-79,117 |
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| 作者姓名： | 唐波 张宇莹 陈德棉 |
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| 作者单位： | 1. 同济大学,经济与管理学院,上海,200092
2. 复旦大学,法学院,上海,200433 |
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| 摘 要： | 投资决策,即公司资源最优配置的选择问题,欧美等国理论研究者、实务工作者已开始将实物期权理论(即实际投资机会)引入到投资决策的实践中,并取得了一定的成果。本文详细介绍了国外经济学者在基于实物期权理论的投资决策等领域的研究进展,包括实物期权的理论基础及定价、该理论与传统投资决策理论的比较研究等,以期为国内后续的相关研究和实践提供借鉴。
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| 关 键 词： | 投资决策 实物期权 实物期权定价 |
| 收稿时间： | 2006-09-12 |
| 修稿时间： | 2006-09-12 |
Literature Review on the Theory of Real Option——New Evolution of Investment Decision |
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| TANG Bo,ZHANG Yu-ying,CHEN De-mian. Literature Review on the Theory of Real Option——New Evolution of Investment Decision[J]. Finance and Trade Research, 2006, 0(6): 74-79,117 |
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| Authors: | TANG Bo ZHANG Yu-ying CHEN De-mian |
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| Affiliation: | 1. School of Economics and Management, Tongji University, Shanghai 200092 ; 2. Law School, Fudan University, Shanghai 200433 |
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| Abstract: | Investment decision discusses the problem of optimal resource allocation. The prevailing investment decision methods are discounted cash flow (DCF) approaches. However, these methods can not satisfy the practical needs of corporations. Thus, it is of theoretical and practical significance to search for investment decision and method. The paper evaluates the limitations of the investment decision theory, introduces particularly the research headway of investment decision based on real option theory in order to shed light on later research and practice. |
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| Keywords: | investment decision real option real option pricing |
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