实物期权视域下的新三板股权价值评估

Equity Assessment of the National Equities Exchange and Quotations Enterprise from the Perspective of Real Option

随着新三板市场的扩大与交投活动日益活跃,配套法律法规也日益完善,对新三板企业股权价值评估势必要引入新的评估方法,来弥补传统方法在进行股权价值评估时的不足。本文通过实物期权模型来分析在新三板企业价值评估中引入实物期权法的优势,以说明与传统的评估方法相比其更具有优势,能够提供更为精确的评估值,从而为利益相关者提供更高可信度的决策支撑。

With the expansion of the National Equities Exchange and Quotations market and the increasingly active trading activities,the supporting laws and regulations are also increasingly perfect.It is necessary to introduce a new evaluation method for the equityassessment of the National Equities Exchange and Quotations enterprise to make up for the shortcomings of the traditional methods in theevaluation of the equity value.In this paper,the real option model is used to analyze the advantage of the real option method in the valueassessment of National Equities Exchange and Quotations enterprises to expound it has more advantages than the traditional evaluationmethods and can provide a more accurate evaluation value to provide a better decision support for the stakeholders.