The Value of a Biotechnology Start-up: Creative Destruction and Real Options Approach
The value of investments in high growth start-up firms is difficult to assess because payments are far in the future and their arrival is uncertain. Some of these firms may seem overvalued according to traditional methods, such as the Net Present Value, which fails to account for three drivers of va...
- Autores:
-
Cecilia Maya Ochoa
- Tipo de recurso:
- Fecha de publicación:
- 2019
- Institución:
- Universidad EAFIT
- Repositorio:
- Repositorio EAFIT
- Idioma:
- eng
- OAI Identifier:
- oai:repository.eafit.edu.co:10784/14061
- Acceso en línea:
- http://hdl.handle.net/10784/14061
- Palabra clave:
- Valuation
Real Options
Biotechnology
Creative Destruction
Jump-only Stochastic Process.
Valoración
opciones reales
biotecnología
destrucción creativa
procesos estocásticos de salto
- Rights
- License
- Copyright © 2006 Cecilia Maya Ochoa