Valuation of New Established Overseas Company Using Multi-stage Compound Real Option - The Case Stady of WA Company / 以多階段複合實質選擇權評估新設海外子公司之價值-WA公司個案研究

碩士 / 輔仁大學 / 金融研究所 / 93 / The semiconductor distributors play intermediate role in the semiconductor industry. The successful role the distributors playing would lead to the efficiency in this industry, such as the introducing of the systems of risk management and inventory control.
A Hong Kong distributor (WA company) intends to establish a new branch in Taiwan. Owing to highly competitive market, what strategies the WA company adopt would be the key element to successfully entering to Taiwan market.
The real option method is used to analyze the value of new branch. The simulation results indicate that the value of both expansion options (new market and new product strategies) account for 72% of total value of new company. In addition, the results also show that the company value is highly sensitive to the initial revenue and the growth ratio of revenue.

Identiferoai:union.ndltd.org:TW/093FJU00214045
Date January 2005
CreatorsFanchiang, Pei-Ling, 范姜佩伶
ContributorsGong, Shang-Chi, 龔尚智
Source SetsNational Digital Library of Theses and Dissertations in Taiwan
Languagezh-TW
Detected LanguageEnglish
Type學位論文 ; thesis
Format57

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