The Value of Real Abandonment Options on the R&D Investment Projects under Technical Uncertainty
碩士 === 國立臺灣大學 === 國際企業學研究所 === 92 === Based on the fact that technical uncertainties affect the value of R&D investment projects a lot, we try to take this issue into consideration. From the simulation results, we find the more doubtful the technology development of the industry is, the more im...
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2004
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| Online Access: | http://ndltd.ncl.edu.tw/handle/29658428579492609224 |
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ndltd-TW-092NTU053200842016-06-10T04:15:59Z http://ndltd.ncl.edu.tw/handle/29658428579492609224 The Value of Real Abandonment Options on the R&D Investment Projects under Technical Uncertainty 技術不確定性之下R&D計畫的實質放棄選擇權價值 Hsiu-Ping Tu 杜修萍 碩士 國立臺灣大學 國際企業學研究所 92 Based on the fact that technical uncertainties affect the value of R&D investment projects a lot, we try to take this issue into consideration. From the simulation results, we find the more doubtful the technology development of the industry is, the more important the value of R&D projects is. The sensitivity analysis shows that positive relationship between the uncertainty and the correlation of the projects exists. Another results also imply that a negative relationship between recovering salvage value and the option value, which is consist with the conclusion of Farell and Saloner(1985). 洪茂蔚 2004 學位論文 ; thesis 65 zh-TW |
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NDLTD |
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zh-TW |
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Others
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NDLTD |
| description |
碩士 === 國立臺灣大學 === 國際企業學研究所 === 92 === Based on the fact that technical uncertainties affect the value of R&D investment projects a lot, we try to take this issue into consideration. From the simulation results, we find the more doubtful the technology development of the industry is, the more important the value of R&D projects is. The sensitivity analysis shows that positive relationship between the uncertainty and the correlation of the projects exists. Another results also imply that a negative relationship between recovering salvage value and the option value, which is consist with the conclusion of Farell and Saloner(1985).
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| author2 |
洪茂蔚 |
| author_facet |
洪茂蔚 Hsiu-Ping Tu 杜修萍 |
| author |
Hsiu-Ping Tu 杜修萍 |
| spellingShingle |
Hsiu-Ping Tu 杜修萍 The Value of Real Abandonment Options on the R&D Investment Projects under Technical Uncertainty |
| author_sort |
Hsiu-Ping Tu |
| title |
The Value of Real Abandonment Options on the R&D Investment Projects under Technical Uncertainty |
| title_short |
The Value of Real Abandonment Options on the R&D Investment Projects under Technical Uncertainty |
| title_full |
The Value of Real Abandonment Options on the R&D Investment Projects under Technical Uncertainty |
| title_fullStr |
The Value of Real Abandonment Options on the R&D Investment Projects under Technical Uncertainty |
| title_full_unstemmed |
The Value of Real Abandonment Options on the R&D Investment Projects under Technical Uncertainty |
| title_sort |
value of real abandonment options on the r&d investment projects under technical uncertainty |
| publishDate |
2004 |
| url |
http://ndltd.ncl.edu.tw/handle/29658428579492609224 |
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