摘要
本文利用实物期权理论分析了嵌套于投资项目中的各种期权形式,并以退出期权为例阐释了DCF模型的不足与项目投资决策模型的修正。
This paper first analyses the types of real options embraced in projects, and the disadvantages of discounted cash flow （DCF） and then, taking exit options as an example, explores the revision of the decision-making model of project investment by means of real options theories.
出处
《审计与经济研究》
北大核心
2007年第2期90-92,共3页
Journal of Audit & Economics
关键词
DCF模型
退出期权
项目投资决策
discounted cash flow
exit options
project investment decision-making
