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dc.contributor.authorStummer, Wolfgangen_US
dc.date.accessioned2012-03-15T14:12:38Z-
dc.date.available2012-03-15T14:12:38Z-
dc.date.issued2002en_US
dc.identifier.citationJournal of Entrepreneurial Finance, JEF 1551-9570 7 2002 3 39-51en_US
dc.identifier.urihttp://hdl.handle.net/10419/56001-
dc.description.abstractIn some modern venture valuation approaches, option pricing theory plays an important role.The aim of this paper is to present some tools and viewpoints which might be helpful for future investigations along this line. We model the value-dynamics Xt of an imbedded underlying X as a non-lognormally-distributed generalization of the geometric Brownian motion. In detail, Xt is supposed to be a solution of a stochastic differential equation of the form dXt = b(Xt ) dt o(t) Xt dWt with non-constant volatility function o(t) and Brownian motion Wt . For this, we discuss a certain decision problem concerning the size of the trend function b . Under some handy-toverify but far-reaching assumptions, we investigate the (average) reduction of decision risk that can be obtained by observing the sample path of X . Furthermore, we also show some connections with the valuation of call options on X .en_US
dc.language.isoengen_US
dc.publisherMontrose, California Academy of Entrepreneurial Finance - AEFen_US
dc.subject.ddc330en_US
dc.titleSome potential means for venture valuationen_US
dc.typeArticleen_US
dc.identifier.ppn662471830en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:The Journal of Entrepreneurial Finance (JEF)

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