| A Model of Venture Capital Project's NPV Formula with Introducing Debt Capital |
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| 作者姓名： | CAO Guo hu YAN Qing min |
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| 摘 要： | Improves investment decision method NPV method by introducing risk. This paper CAPM and certainty equivalent wealthare applied because of NCF'S volatility of venture capital projects, on the basis of which, debt capital is introduced. the dissertation derives a levered risky project's NPV formula, which broadens applying range and lessens constrain conditions. For risky projects investment decision, the research provides a new theoretical basis.
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| 关 键 词： | venture capital CAPM NPV debt capital certainty equivalent wealth |
| 修稿时间： | 2002/7/20 0:00:00 |
A Model of Venture Capital Project's NPV Formula with Introducing Debt Capital |
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| CAO Guo hu,YAN Qing min.A Model of Venture Capital Project''s NPV Formula with Introducing Debt Capital[J].Storage & Process,2002(11):104-106. |
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| Authors: | CAO Guo hu YAN Qing min |
| |
| Abstract: | Improves investment decision method NPV method by introducing risk. This paper CAPM and certainty equivalent wealthare applied because of NCF'S volatility of venture capital projects, on the basis of which, debt capital is introduced. the dissertation derives a levered risky project's NPV formula, which broadens applying range and lessens constrain conditions. For risky projects investment decision, the research provides a new theoretical basis. |
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| Keywords: | venture capital CAPM NPV debt capital certainty equivalent wealth |
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