基于实物期权的植物品种权价值评估研究  

Research on Value Evaluation of Plant Variety Right Based on Real Option

作　　者：陈会英[1] 高晓航 周衍平[1] Chen Huiying;Gao Xiaohang;Zhou Yanping(College of Economic and Management,Shandong University of Science and Technology,Qingdao 266590,China)

机构地区：[1]山东科技大学经济管理学院,山东青岛266590

出　　处：《科技管理研究》2018年第19期154-158,共5页Science and Technology Management Research

基　　金：国家社会科学基金项目"生物技术背景下植物品种权资本化运营制度创新研究"(16BJY111)

摘　　要：通过分析植物品种权价值的不确定性、不可逆性与可延迟性等特点,探讨植物品种权的实物期权特征及其价值形成路径;在此基础上,建立植物品种权实物期权价值评估模型,重新定义变量参数,辨析欧式期权定价法和美式期权定价法对植物品种权价值评估的适用性。研究表明,美式期权的灵活性能够更加充分挖掘植物品种权的价值,更加适用于植物品种权价值评估。This paper discusses the real option characteristics of plant variety right and its value formation path by analyzing the characteristics of uncertainty, irreversibility and delay in the value of plant variety right, on this basis, the paper establishes the evaluation model of plant variety right real option value, redefines the variable parameter, and discriminates the applicability of European option pricing method and American option pricing method to plant variety right value evaluation. The research shows that, the flexibility of American option can fully excavate the value of plant variety right, and is more suitable for evaluation of plant variety right value.

关 键 词：植物品种权 价值评估 实物期权法 美式期权 

分 类 号：F306.3[经济管理—产业经济] F224