【摘要】 投资决策,即公司资源最优配置的选择问题,欧美等国理论研究者、实务工作者已开始将实物期权理论(即实际投资机会)引入到投资决策的实践中,并取得了一定的成果。本文详细介绍了国外经济学者在基于实物期权理论的投资决策等领域的研究进展,包括实物期权的理论基础及定价、该理论与传统投资决策理论的比较研究等,以期为国内后续的相关研究和实践提供借鉴。更多还原

【Abstract】 Investment decision discusses the problem of optimal resource allocation. The prevailing investment decision methods are discounted cash flow (DCF) approaches. However, these methods can not satisfy the practical needs of corporations. Thus, it is of theoretical and practical significance to search for investment decision and method. The paper evaluates the limitations of the investment decision theory, introduces particularly the research headway of investment decision based on real option theory in order to shed light on later research and practice.更多还原