Title :
A Study on Valuation Methods of E-business Enterprise Based on Real Options
Author :
Jiang, Yannan ; Lu, Shichang
Author_Institution :
Coll. of Bus. Adm., Liaoning Tech. Univ., Fuxin, China
Abstract :
With the emergence and development of Internet technology, e-business enterprises sprang up like bamboo shoots after a spring rain. E-business enterprise valuation has become the focus of attention because of the flexibility of e-business enterprises´ business and profit model. In the systematic analysis of characteristics of e-business enterprises, Black-Scholes option pricing model are introduced to establish e-business enterprises valuation system based on the real option. In addition, the study also takes e-business enterprises M&A as an example to verify the operability of the above system, which provides a new perspective and way of thinking for the e-business enterprises valuation.
Keywords :
Internet; corporate modelling; electronic commerce; profitability; share prices; Black-Scholes option pricing model; Internet technology; M&A; business model; e-business enterprise valuation system; profit model; real option; Biological system modeling; Cost accounting; Decision making; Investments; Marketing and sales; Pricing; E-business; E-business enterprise; real option; valuation;
Conference_Titel :
E-Business and E-Government (ICEE), 2010 International Conference on
Conference_Location :
Guangzhou
Print_ISBN :
978-0-7695-3997-3
DOI :
10.1109/ICEE.2010.599