Dissertation > Economic > Economic planning and management > Economic calculation, economic and mathematical methods > Economic and mathematical methods

Research and Implementation of Ventuer Capital Pricing Model Based on Backward Stochastic Differential Equation

Author ZhaoYouGang
Tutor WangXiangRong
School Shandong University of Science and Technology
Course Software Engineering
Keywords High-tech Venture Capital Backward Stochastic Differential Equations Application
CLC F224
Type Master's thesis
Year 2004
Downloads 373
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China's accession to the the WTO global economic integration and the era of knowledge economy environment , the development of high - tech enterprises has undoubtedly become a new growth point of China 's economy . The development of high-tech industry has an important strategic position , but also an inevitable requirement of economic development . Risk investment in scientific and technological achievements into practical productive forces play a catalytic and supporting role to promote the development of high - tech industry , and thus the risk of investment will be an effective form of investment in the new economic era . Venture capital has many important issues to be discussed , in which the risk of investment projects evaluation and decision - making research is an important content , the effectiveness of the decision-making activities of the venture capital firm , directly affecting the interests of investors and, ultimately, decide to invest in the company can be smoothly development, which is the core content of the field of venture capital , has a special importance . For the risk of investment in the field of micro , help to reduce the risks in the risk of the investment process , is conducive to the healthy development of the venture capital industry . Due to the outstanding advantages of computer data storage, processing , has been widely used in the field of investment such as stocks, futures , and venture capital management process , mature software product is also unusual , especially in the country, at risk investment evaluation and decision-making stage , has not found a mature application software . In this paper, the theory of real options -based , with a backward stochastic differential equations as a modeling tool , derived the duplex option pricing model , discuss its algorithm and gives the formula of the numerical solution ; risk investment characteristics , it was found that risk investment not only has the general investment option characteristics , but also has very obvious nature of the duplex option , venture capital pricing model the the duplex option pricing model based on the proposed venture capital pricing model algorithm ; software engineering methods , analysis , completed venture capital pricing application .

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