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dc.contributor.authorStummer, Wolfgangen
dc.date.accessioned2012-03-15T14:12:38Z-
dc.date.available2012-03-15T14:12:38Z-
dc.date.issued2002-
dc.identifier.citation|aJournal of Entrepreneurial Finance, JEF|c1551-9570|v7|h3|nThe Academy of Entrepreneurial Finance (AEF)|lMontrose, CA|y2002|p39-51en
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
dc.language.isoengen
dc.publisher|aThe Academy of Entrepreneurial Finance (AEF) |cMontrose, CAen
dc.subject.ddc650en
dc.titleSome potential means for venture valuation-
dc.typeArticleen
dc.identifier.ppn662471830en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
econstor.citation.journaltitleJournal of Entrepreneurial Finance, JEFen
econstor.citation.issn1551-9570en
econstor.citation.volume7en
econstor.citation.issue3en
econstor.citation.publisherThe Academy of Entrepreneurial Finance (AEF)en
econstor.citation.publisherplaceMontrose, CAen
econstor.citation.year2002en
econstor.citation.startpage39en
econstor.citation.endpage51en

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