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风险项目的投资期权分析 被引量:1

The Option Analysis of Investment to Risk Project
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摘要 本文讨论了风险投资家向企业主融资时的投资期权,求出了投资期权的表达式,并对其中的一些参数进行了分析. This paper discuss the option of venture capitalist s financing decison for entrepreneur.Through analysis,we find the expression of this option.Furthermore,we analyse some parameters effect on this option.
作者 李朗 杨明
出处 《应用数学》 CSCD 北大核心 2005年第S1期171-174,共4页 Mathematica Applicata
关键词 风险投资 实物期权 投资决策 Venture capital Real options Investment strategy
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  • 1Angelis, D.I., 2000, "Capturing the Option Value of R& D", Research-Technology Management,July-August: 31 - 34.
  • 2Schwartz, E.S. & Moon, M., 2000, "Evaluating Research and Development Investments", in Project Flexibility, Agency, and Competition, Brennan, M.J. & Trigeorgis, L.(Editors), New York: Oxford University Press, 85-106.
  • 3Willner, R., 1995, "Valuing Start-up Venture Growth Options", in Real Options in Capital Investment-Models, Strategies, and Aplications, Trigeorgis, L.(Editor), Westport, Conn.: Praeger, 221- 239.
  • 4Grenadior, S. (Editor), 2000, Game Choices: The Intersection of Real Options and Game Theory,London: Risk Books.
  • 5Dixit, A.K. & Pindyck, R.S., 1994, Investments under Uncertainty, Princeton, N.J.: Princeton University Press.
  • 6Lander, D.M. & Pinches, G.E., 1998, "Challenges to the Practical Implementation of Modeling Valuing Real Options", The Quarterly Review of Economics of Finance, 38(Special issue):537- 567.
  • 7Schwartz, E.S.(Editor), 2001, Real Options and Investments under Uncertainty, Cambridge, Mass.: MIT Press.
  • 8许民利,张子刚.应用实物期权理论评价R&D投资[J].系统工程,2001,19(1):10-14. 被引量:47

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