摘要
与传统的价值评估方法比较,基于实物期权理论的企业并购价值评估方法充分考虑了企业经营灵活性的价值。将该方法应用于实例,分析结果显示实物期权方法能够正确定价企业经营灵活性的价值,为企业价值评估提供了新思路。
Compared with traditional value evaluation approaches, the mathod based on real option theory takes managerial flexibility into account sufficiently. Its application to an example suggests this mathod can price the value of managerial flexibility accurately. It provides a new way for the enterprise value evaluation.
出处
《价值工程》
2005年第6期44-45,共2页
Value Engineering
