实物期权在企业长期投资决策上的应用

Application of Real Option in the Long-term Investment Decision of Enterprise

金融期权在金融避险方面得到广泛应用,如何规避现实生活中大量不可交易的标的资产的风险日益引起人们的重视,实物期权就是规避风险的一种创新。以两个案例形式,运用期权定价模型理论评估了投资的可行性。

Financial option has widely used to avoid financial risks. How to avoid the risks of subject assets has drawn much attention. Real option is an innovation for risk avoidance. This paper makes use of the option price model theories to evaluate the possibility of investment with two cases.