Assessing the Economic Value of Venture Capital Contracts [recurso electrónico] : An Option Pricing Approach / by Jil Caroline Onimus.
Tipo de material:
TextoEditor: Wiesbaden : Gabler, 2011Descripción: XV, 153p. 6 illus. online resourceTipo de contenido: text Tipo de medio: computer Tipo de portador: online resourceISBN: 9783834966193Tema(s): Economics | Economics/Management Science | Finance/Investment/BankingFormatos físicos adicionales: Printed edition:: Sin títuloClasificación CDD: 657.8333 | 658.152 Clasificación LoC:HG1-9999HG4501-6051HG1501-HG3550Recursos en línea: Libro electrónico
En: Springer eBooksResumen: Jil C. Onimus makes a contribution to the nascent research line on the economic value of venture capital contracts which lies at the intersection of venture capital contract design and real option pricing. She identifies the baskets of real options embedded in model venture capital contracts as published by the National Venture Capital Association (NVCA) and shows how they can be priced in interaction using Least Squares Monte Carlo simulation. The pricing model is calibrated by means of a dataset of deal terms in Silicon Valley as well as industry statistics from the NVCA. By applying the model to standard investment scenarios (multiple financing rounds with multiple investors), the author obtains estimates of option values for individual terms and for full contracts with interaction effects.
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| HG1 -9999 Does carbon-conscious behavior drive firm performance? | HG1 -9999 Cognitive Biases in the Capital Investment Context | HG1 -9999 Mutual Fund Performance and Performance Persistence | HG1 -9999 Assessing the Economic Value of Venture Capital Contracts | HG1 -9999 Insurance Linked Securities | HG1 -9999 Post-LBO Development | HG1 -9999 Volume Based Portfolio Strategies |
Jil C. Onimus makes a contribution to the nascent research line on the economic value of venture capital contracts which lies at the intersection of venture capital contract design and real option pricing. She identifies the baskets of real options embedded in model venture capital contracts as published by the National Venture Capital Association (NVCA) and shows how they can be priced in interaction using Least Squares Monte Carlo simulation. The pricing model is calibrated by means of a dataset of deal terms in Silicon Valley as well as industry statistics from the NVCA. By applying the model to standard investment scenarios (multiple financing rounds with multiple investors), the author obtains estimates of option values for individual terms and for full contracts with interaction effects.
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