Artikel
Some potential means for venture valuation
In some modern venture valuation approaches, option pricing theory plays an important role.The aim of this paper is to present some tools and viewpoints which might be helpful for future investigations along this line. We model the value-dynamics Xt of an imbedded underlying X as a non-lognormally-distributed generalization of the geometric Brownian motion. In detail, Xt is supposed to be a solution of a stochastic differential equation of the form dXt = b(Xt ) dt o(t) Xt dWt with non-constant volatility function o(t) and Brownian motion Wt . For this, we discuss a certain decision problem concerning the size of the trend function b . Under some handy-toverify but far-reaching assumptions, we investigate the (average) reduction of decision risk that can be obtained by observing the sample path of X . Furthermore, we also show some connections with the valuation of call options on X .
- Language
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Englisch
- Bibliographic citation
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Journal: Journal of Entrepreneurial Finance, JEF ; ISSN: 1551-9570 ; Volume: 7 ; Year: 2002 ; Issue: 3 ; Pages: 39-51 ; Montrose, CA: The Academy of Entrepreneurial Finance (AEF)
- Classification
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Management
- Event
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Geistige Schöpfung
- (who)
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Stummer, Wolfgang
- Event
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Veröffentlichung
- (who)
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The Academy of Entrepreneurial Finance (AEF)
- (where)
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Montrose, CA
- (when)
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2002
- Handle
- Last update
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10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Stummer, Wolfgang
- The Academy of Entrepreneurial Finance (AEF)
Time of origin
- 2002
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