摘要
在对传统的NPV法分析的基础上,提出风险投资项目含有的期权价值,并且结合期权定价理论,建立风险投资项目的实物期权定价模型,分析了实物期权理论在风险投资决策中两方面的应用。研究表明,实物期权理论更适于进行风险投资决策。
Based on the analysis of the traditional Net Present Vatue metnoa, tins paper bringsforward the option value in the venture investment. Then the real option pricing model of venture investment is built by combining the option pricing theory. And the two application of real option theory in the venture investment decision is analyzed. It is conclud that real option pricing theory is more suitable for the decision of venture investment.
出处
《西北农林科技大学学报（社会科学版）》
2005年第5期53-55,共3页
Journal of Northwest A&F University(Social Science Edition)
基金
国家自然科学基金资助项目(70171004)
