The Value of Flexibility about Technology-transferring, Firm Competition, Government Subsidy and Exit
博士 === 國立彰化師範大學 === 財務金融技術學系 === 102 === This paper illustrates some applications of the real options approach to three different areas: technology innovation, 4G mobile communication system, and renewable energy investment project. The first chapter discusses the flexibility value of technology inn...
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| Format: | Others |
| Language: | en_US |
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2014
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| Online Access: | http://ndltd.ncl.edu.tw/handle/84986656140201251140 |
| Summary: | 博士 === 國立彰化師範大學 === 財務金融技術學系 === 102 === This paper illustrates some applications of the real options approach to three different areas: technology innovation, 4G mobile communication system, and renewable energy investment project. The first chapter discusses the flexibility value of technology innovation and further takes into account the occurrence of technology transfer. The second chapter employs the firm competition measurement into the valuation model and investigates the project value of 4G mobile communication systems. In the third chapter, the government subsidy and the exit of project are considered into the renewable energy valuation model. Simulations, sensitivity analysis and case studies of the proposed model are then presented. It is hoped that the results of this work will help predict actual firms’ investment policy.
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