Science Research Management ›› 2007, Vol. 28 ›› Issue (2): 85-92.
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Wang Yixiang
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Abstract: The movement for the value of the underlying asset of R&D real options is neither purely a geometric Brownian motion,nor simply a jump process,but a combination of the both.Based on this assumption,a model more suitable for assessing real options value of R&D projects is built,and Philips′ case is adopted to carry out empirical study.
Key words: real option pricing, strategic information, R&, D project
CLC Number:
F273.1
F224
Wang Yixiang. A real option pricing model for R&D projects and empirical study[J]. Science Research Management, 2007, 28(2): 85-92.
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https://www.kygl.net.cn/EN/Y2007/V28/I2/85
Research on the nonlinear impact of digital transformation on innovation output of enterprises