QQ客服 官方微博 反馈留言

	Assessment for different venture capital tax policies based on option theory and Monte Carlo simulation
	Hu, Kui K. ; Shi, Shuzhong
	2007
关键词	Monte Carlo simulation real options option pricing venture capital
英文摘要	In this paper, we use the method of real options to evaluate five venture capital tax incentive policies from different countries and districts. We first translate these policies to option models, which are "exotic" and have no standard pricing formula. For pricing these options we apply Monte Carlo simulation, to generate some geometric Brownian motions with different drifts and volatilities, which are the models of the growth of venture capital; and then, by using the risk-neutral probability measure, to estimate the price of these options, which can be considered as an assessment criterion of these incentive tax policies. We get some interesting conclusions from the pricing results.; Business; Business, Finance; Computer Science, Interdisciplinary Applications; Economics; Management; Operations Research & Management Science; Planning & Development; CPCI-S(ISTP); CPCI-SSH(ISSHP); 0
语种	英语
内容类型	其他
源URL	[http://ir.pku.edu.cn/handle/20.500.11897/406520]
专题	信息科学技术学院
推荐引用方式 GB/T 7714	Hu, Kui K.,Shi, Shuzhong. Assessment for different venture capital tax policies based on option theory and Monte Carlo simulation. 2007-01-01.

个性服务

查看访问统计

相关权益政策

暂无数据

收藏/分享

除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。