现实期权理论和方法在R&D领域的运用和评述

现实期权理论的分析方法为不确定环境下企业投资决策提供了一种独特的决策思路和分析框架。本文从企业层次、项目层次、工具层次以及博弈论的引入四个维度综述了国内外现实期权研究在R&D领域的运用和进展 ,并简要的指出了以后的研究方向。

Perspective and Comment on real option theory in management of R & D

The real options literature to date has provided many insights into capital budgeting decision-making and produced a new or enhanced framework for modeling and valuing investment opportunities.This paper gives a perspective for the development of real option pricing theory and thing on R&D field,from the firm level,project level,valuation method level and the introduction of game-theory.