Valuation and Return Dynamics of New Ventures
收藏NBER1998-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w6745
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资源简介：
We develop and analyze a model of a multi-stage investment project that captures many features of R&D ventures and start-up companies. An important feature these problems share is that the firm learns about the potential profitability of the project throughout its life, but that research and
提供机构：
美国国家经济研究局
创建时间：
1998-10-01
