haku: @author Schwartz, E.S. / yhteensä: 3
viite: 2 / 3
| Tekijä: | Moon, M. Schwartz, E.S. |
| Otsikko: | Rational pricing of Internet companies |
| Lehti: | Financial Analysts
2000 : MAY-JUN, VOL. 56:3, p. 62-75 |
| Asiasana: | Internet Models Pricing |
| Kieli: | eng |
| Tiivistelmä: | The authors apply real-options theory and capital-budgeting techniques to the problem of valuing an Internet company. They formulate the model in continuous time, form a discrete time approximation, estimate the model parameters, solve the model by simulation and then perform sensitivity analysis. The authors report that, depending on the parameters chosen, the value of an Internet stock may be rational if growth rates in revenues are high enough. |
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