资本预算中采用实物期权方法的若干问题探讨  

Research of Capital Budgeting Based on Investment Flexibility

作　　者：李丽[1] 纳鹏杰[1] 

机构地区：[1]云南财贸学院会计学院,云南昆明650221

出　　处：《经济经纬》2005年第5期62-65,共4页Economic Survey

摘　　要：投资决策可以根据市场变化进行调整即表现出投资具有柔性的特点,实物期权的投资决策方法可以较好地体现投资柔性所具有的价值。本文研究了实物期权投资决策方法(Real-OptionsApproach,ROA)的具体运用,并提出在我国使用、推广所面临的问题和若干对策性建议。The investment flexibility is an adjustment in accordance with the market changes. Heal options approach can better reflect the merit of investment flexibility. The paper makes an analysis on the application of real options approach, pointing out the problems in applying the method and giving some proposals.

关 键 词：实物期权 资本预算 投资柔性 项目投资 

分 类 号：F830.9[经济管理—金融学]