实物期权方法在风险投资中的应用

The Application of Real Option Method in Risk Investment

中文关键词:  风险投资实物期权

英文关键词:venture capital  Real Options

中文摘要:

      本文结合风险企业自身及其发展的特点和风险企业投资运作过程的特性,论述了实物期权方法在风险企业估值和投资决策中的应用,并指出了实物期权方法应用中的难点。

英文摘要:

      Based on the analysis of the characteristics of venture-backed firm and operations in venture capital, this paper shows how to use real options in the valuation of venture-backed firm and investment decision. Finally, the paper also points some difficulties in the appliance of real options.