Research of Investment Evaluation of Agricultural Venture Capital Project on Real Options Approach

文献类型: 外文期刊

第一作者: Wang, Zhen

作者: Wang, Zhen;Wang, Zhen;Tang, Xin

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关键词: Real Options Approach;Investment evaluation of agricultural venture capital project;Net present value method;Binomial Option-Pricing Model;Black-Scholes Option-Pricing Model

期刊名称:INTERNATIONAL CONFERENCE ON AGRICULTURAL RISK AND FOOD SECURITY 2010

ISSN: 2210-7843

年卷期: 2010 年 1 卷

页码:

收录情况: SCI

摘要: Under the current agricultural conditions of shortage of funds, the traditional evaluation methods, such as the net present value (NPV) method, do not account for flexibility or uncertainty. Real Options Approach (ROA) rises from the doubt of NPV method, and can make up for it in evaluating agricultural venture capital projects. This thesis analyses the limitations of the traditional evaluation methods and the significance of Real Options Approach to investment evaluation of agricultural venture capital projects, and illustrates the application of Real Options Approach to investment evaluation of agricultural venture capital projects with Binomial Option-Pricing Model and Black-Scholes Option-Pricing Model. 2010 Published by Elsevier B.V.

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