![]() This passage, by analyzing the basic theory of options in the enterprise asset evaluation with options, finds the key variables, and the improved valuations.Ģ. But we find that B - S model for high-tech enterprises existing distortion valuation in the demonstration, only some key factors making main effect. Practical and accurately, from the contribution of 1997 annual Nobel economic prize winner Myron Scholes and Robea C.Merton Black - Scholes formula, option pricing method become intangible assets assessment- a powerful tool for value of future opportunities, reveals the potential value of the enterprise effectively. In order to reflect the development potential of high-tech enterprises and value more fair, Due to the development of newer a mainly come from the potential value of intangible assets and intellectual property rights,thus strengthening technology innovation, development, "high-tech industrialization", has become the power of social development. Jack Welch, centering on improving the value of the company, create unprecedented growing miracle of the GE. ![]() The world width surging wave of the venture investment makes the High-tech enterprise prosperous, and new vigor to the social economy of the 21st century. ![]() Keywords: Options Business Evaluation for Hi-Tech Enterprise Blaek-Seholes Option Pricing Model Dividend Volatility Selection and/or peer-review under responsibility of Then it uses that into cases analysis and introduce valuation steps, which make option pricing method more applied, simplified and procedured. To modify the model fit for long-term option and short-term option with variables as Expiration date and dividend-paying policy by numbers of empirical studies, explain calculating way of dividend yield and volatility. The Modification of Black-Scholes Option Pricing Model Applied in Business Evaluation for High-tech EnterpriseĭanJie Zhaoa, Lian Xuea,*5 MingHui Wua,a*ĪSchool of Computer and Computing Science,Zhejiang University City College,Huzhou Street 51,Hangzhou,310015,Chinaīased on expounding exactly the definition of options, to illuminate its intrinsic value and behavior of premium. Procedía Engineering 15 (2011) 3791 - 3795Īdvanced in Control Engineeringand Information Science Available online at SciVerse ScienceDirect
0 Comments
Leave a Reply. |