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NAOSITE : Nagasaki University's Academic Output SITE > Faculty of Economics > Bulletin > Journal of business and economics > Volume 85, No. 1-2 >

リアル・オプション会計と不確実性


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Title: リアル・オプション会計と不確実性
Other Titles: Real Options Accounting and Uncertainty
Authors: 上野, 清貴
Authors (alternative): Ueno, Kiyotaka
Issue Date: 26-Sep-2005
Citation: 經營と經濟. vol.85(1-2), p.1-32; 2005
Abstract: The discounted cash flow or net present value model in the corporate valuation and decision-making has defects because of un-flexibility. The real options model gets over these faults because it can deal with uncertainty in the corporate business process. The representative real option model is the Black-Scholes model and binominal model. The most important characteristic of real option model is the flexible valuation of assets and corporation. The functions of the model on basing this characteristic are that it can evaluate real and accurate corporate value and make precise and flexible decisions in each step of business situations. The real option value may become a general valuation standard and this accounting has possibility to become a general accounting system.
Keywords: real options / DCF / NPV / flexibility / corporate valuation / decision-making
URI: http://hdl.handle.net/10069/6832
ISSN: 02869101
Type: Departmental Bulletin Paper
Appears in Collections:Volume 85, No. 1-2

Citable URI : http://hdl.handle.net/10069/6832

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