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Modelo estocástico para la valuación de una inversión nanomédica
[Nanomedical Stochastic Investment Valuation]

Author

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  • Garcia Fronti, Javier

Abstract

This paper develops a model of valuation of investment projects which includes nano-medical scientific and industrial dynamics, and its regulation. First critically analyzes the literature on valuation of investments, arguing that the methodology of real options is the most appropriate. It is a model that overcomes the major limitations of valuation tools of traditional investment projects and reflects the complexity of the economics involved.

Suggested Citation

  • Garcia Fronti, Javier, 2015. "Modelo estocástico para la valuación de una inversión nanomédica [Nanomedical Stochastic Investment Valuation]," MPRA Paper 63948, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:63948
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    References listed on IDEAS

    as
    1. Longstaff, Francis A & Schwartz, Eduardo S, 2001. "Valuing American Options by Simulation: A Simple Least-Squares Approach," The Review of Financial Studies, Society for Financial Studies, vol. 14(1), pages 113-147.
    2. Huisman, K.J.M. & Kort, P.M., 1999. "Effects of Strategic Interactions on the Option Value of Waiting," Other publications TiSEM a867e9f4-7840-4335-83df-e, Tilburg University, School of Economics and Management.
    3. repec:bla:ecnote:v:33:y:2004:i:1:p:23-54 is not listed on IDEAS
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    5. Lenos Trigeorgis, 1993. "Real Options and Interactions With Financial Flexibility," Financial Management, Financial Management Association, vol. 22(3), Fall.
    6. L. Sereno, 2006. "Valuing R & D Investments With A Jump-Diffusion Process," Working Papers 569, Dipartimento Scienze Economiche, Universita' di Bologna.
    7. Frank M. Bass, 2004. "A New Product Growth for Model Consumer Durables," Management Science, INFORMS, vol. 50(12_supple), pages 1825-1832, December.
    8. Kristian R. Miltersen & Eduardo S. Schwart, 2004. "R&D Investments with Competitive Interactions," Review of Finance, Springer, vol. 8(3), pages 355-401.
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    More about this item

    Keywords

    nanomedical stochastic valuation real options;

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G3 - Financial Economics - - Corporate Finance and Governance
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General

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