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序號 學年期 教師動態
1 99/2 管科系 陳伯源 副教授 期刊論文 發佈 Valuation of Investment on a Firm with Trade Credit under Uncertainty: A Real Options Approach , [99-2] :Valuation of Investment on a Firm with Trade Credit under Uncertainty: A Real Options Approach期刊論文Valuation of Investment on a Firm with Trade Credit under Uncertainty: A Real Options ApproachChen, po-yuan; Chang, Horng-jinh; Jiang, I-ming淡江大學管理科學學系Trade credit;stochastic price;stochastic interest rate;real option.Lagos: Academic JournalsAfrican Journal of Business Management 5(12), pp.4916-4933This paper intends to propose a corporate valuation framework by incorporating both the stochastic product price and the stochastic interest rate in a delay payment context. By using Ito-Isometry theorem, we derived the analytical solution for corporate value, based on which sensitivity analyses and further simulations for the real option value are performed. Some critical factors were considered in the sensitivity analysis of corporate value: the drift and the volatility in the price and in the interest rate processes, the price elasticity of demand, the cost rate, the market share, as well a
2 99/2 管科系 張紘炬 教授 期刊論文 發佈 Valuation of Investment on a Firm with Trade Credit under Uncertainty: A Real Options Approach , [99-2] :Valuation of Investment on a Firm with Trade Credit under Uncertainty: A Real Options Approach期刊論文Valuation of Investment on a Firm with Trade Credit under Uncertainty: A Real Options ApproachChen, po-yuan; Chang, Horng-jinh; Jiang, I-ming淡江大學管理科學學系Trade credit;stochastic price;stochastic interest rate;real option.Lagos: Academic JournalsAfrican Journal of Business Management 5(12), pp.4916-4933This paper intends to propose a corporate valuation framework by incorporating both the stochastic product price and the stochastic interest rate in a delay payment context. By using Ito-Isometry theorem, we derived the analytical solution for corporate value, based on which sensitivity analyses and further simulations for the real option value are performed. Some critical factors were considered in the sensitivity analysis of corporate value: the drift and the volatility in the price and in the interest rate processes, the price elasticity of demand, the cost rate, the market share, as well a
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