Title :
The valuation of china venture capital guiding fund policy based on options model
Author :
Hu, Kui ; Tang, Zhi ; Liang, Xun
Author_Institution :
Peking Univ., Beijing
Abstract :
In this paper, we analyze the China venture capital guiding fund policy based on options model. Options theory determines the present value of a future uncertainty interest. Following this principle, we propose the methods to valuate the policy with both Monte Carlo simulation and numerical analysis technique on Black-Scholes method. Our work is a remarkable step towards the quantitative analysis of public policies using options theory.
Keywords :
Monte Carlo methods; numerical analysis; venture capital; Black-Scholes method; China venture capital guiding fund policy; Monte Carlo simulation; options theory; Acceleration; Cost accounting; Economic indicators; Government; Investments; Numerical analysis; Pricing; Public policy; Uncertainty; Venture capital;
Conference_Titel :
Systems, Man and Cybernetics, 2007. ISIC. IEEE International Conference on
Conference_Location :
Montreal, Que.
Print_ISBN :
978-1-4244-0990-7
Electronic_ISBN :
978-1-4244-0991-4
DOI :
10.1109/ICSMC.2007.4413577
