摘要
A combination approach based on real option and CAPM model is presented for illuminating the value of staging investment in early-stage-high-technology growth-oriented companies. Process of staging risk investment has been simulated by Cossin's mix option model, supplemented investment triggers and investment cost has been obtained. Compared with one-off investment, it is evident that staging investment cost is lower than that of one-off investment and as well as risk.
| 源语言 | 英语 |
|---|---|
| 页(从-至) | 38-43 |
| 页数 | 6 |
| 期刊 | Xitong Gongcheng Lilun yu Shijian/System Engineering Theory and Practice |
| 卷 | 28 |
| 期 | 8 |
| 出版状态 | 已出版 - 8月 2008 |
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