Title: Technology Innovation And Valuation of Growth Option
Abstract: In this paper, we apply NPV and real options approach to evaluate a project of emission amplifier in Multipoint Microwave Distribute System, and analyze and compare the valuation results of different approaches.) In the frame of real options, we consider the value of growth option and abandon option embedded in project, so the vlaue of real options approach is higher and more rational than that of NPV one.
Publication Year: 2003
Publication Date: 2003-01-01
Language: en
Type: article
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