دورية أكاديمية
Staged Venture Capital Investment considering Unexpected Major Events
| العنوان: | Staged Venture Capital Investment considering Unexpected Major Events |
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| المؤلفون: | Yindong Zhang, Kaili Xiang, Chuan Ding, Tao Chen |
| المصدر: | Discrete Dynamics in Nature and Society, Vol 2017 (2017) |
| بيانات النشر: | Wiley, 2017. |
| سنة النشر: | 2017 |
| المجموعة: | LCC:Mathematics |
| مصطلحات موضوعية: | Mathematics, QA1-939 |
| الوصف: | This paper presents a dynamic model of capital financing, taking into consideration unexpected major events occurring within continuous time model. We are considering a special jump-diffusion model first described by Samuelson (1973) while using traditional geometric Brownian motion. This paper seeks to accurately show the innovative project valuation when unexpected major events occur and get the analytical results of the project option value. Furthermore, we analyzed the impact of multistaged financing; results indicated that both sources of uncertainty positively impact the project option value; particularly, the option price when considering unexpected major events occurrence is larger than the option price without unexpected major events. Based on a comparative-static analysis, new propositions for optimal amount of investment and optimal level of project are derived from simulations. |
| نوع الوثيقة: | article |
| وصف الملف: | electronic resource |
| اللغة: | English |
| تدمد: | 1026-0226 1607-887X |
| Relation: | https://doaj.org/toc/1026-0226; https://doaj.org/toc/1607-887X |
| DOI: | 10.1155/2017/9427285 |
| URL الوصول: | https://doaj.org/article/5c79782d154741f4a4e23062c089e8d5 |
| رقم الأكسشن: | edsdoj.5c79782d154741f4a4e23062c089e8d5 |
| قاعدة البيانات: | Directory of Open Access Journals |
Full Text Finder | تدمد: | 10260226 1607887X |
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| DOI: | 10.1155/2017/9427285 |