| Summary: | 碩士 === 國立交通大學 === 科技管理研究所 === 82 === We want to solve the problem that we faced from the
innovation so innovation theory is studied in this research
first. A innovative financial product- puttable stock
developed in U.S. is our research subject. Since it is brand
new in Taiwan, we must go on realizing its characteristics
and advantages. Then we refer to a few references to
organize a valuation model for puttable stock. According
to the model, we can get the exercise price and issuing
price. Regulations of Taiwan are limitations to a new
financing product from foreign country. However, we do study
that for the future application in Taiwan. Last, we propose the
issuing procedure for companies which would like to issue
puttable stock.
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