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...

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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