//]]>
Normal View MARC View ISBD View

Assessing the Economic Value of Venture Capital Contracts

by Onimus, Jil Caroline.
Authors: SpringerLink (Online service) Physical details: XV, 153p. 6 illus. online resource. ISBN: 3834966193 Subject(s): Economics. | Economics/Management Science. | Finance/Investment/Banking.
Tags from this library:
No tags from this library for this title.
Item type Location Call Number Status Date Due
E-Book E-Book AUM Main Library 657.8333 (Browse Shelf) Not for loan

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.

There are no comments for this item.

Log in to your account to post a comment.

Languages: 
English |
العربية