实物期权视角下的战略投资决策  

The Strategy Investment Decision in the Perspective of the Real Option

作　　者：丁红红[1] 

机构地区：[1]东南大学经济管理学院,南京211189

出　　处：《价值工程》2008年第8期146-148,共3页Value Engineering

摘　　要：战略投资所具有的特殊特点,使得传统评估方法不能够合理评价其价值。而实物期权能够很好地的与战略投资特点相适应,故而采用实物期权思维能够计算出传统评估方法所忽略的灵活性价值,从而使得其评价具有更现实更合理的意义。The special characteristics of strategic investments make the traditional assessment methods can not reasonably assess their value. However, the real options can accord with the characteristics of strategic investment, and be a good method for the assessment .As a result, using real options thinking can calculate the value of flexibility which traditional assessment methods often ignores, which makes the assessment even more practical and reasonable.

关 键 词：战略投资 实物期权 灵活性价值 

分 类 号：F830.59[经济管理—金融学]