首页|基于改进实物期权法的环保企业价值评估

基于改进实物期权法的环保企业价值评估

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在"双碳"目标的背景下,环保市场不断扩大.与此同时,国家也高度重视环保企业的发展,出台了多项促进环保企业发展的政策,这为环保企业的发展提供了重要契机,也促进了环保企业经济活动的不断增多.而在这些环保企业的经济活动中蕴藏着巨大的价值空间,因此选取何种估值方法对其企业价值进行评估就显得尤为重要.鉴于环保企业具有较大的不确定性、显著的环境效益等期权特征,且传统的B-S模型在有关参数的选取上具有一定的主观性,因而文章采用模糊数学方法对传统模型进行改进,构建出模糊实物期权定价模型,为环保企业的价值评估提供一定的参考.
Value Evaluation of Environmental Protection Enterprises Based on Improved Real Option Method
Under the background of the goal of"double carbon",the environmental protection market is constantly expanding.At the same time,the state also attaches great importance to the development of environmental protection enterprises.It has issued a number of policies to promote the development of environmental protection enterprises,which provides an important opportunity for the development of environmental protection enterprises and promotes the continuous increase of economic activities of environmental protection enterprises.There is a huge value space in the economic activities of these environmental protection enterprises,so it is particularly important to choose what kind of valuation method to evaluate their enterprise value.In view of the option characteristics of environmental protection enterprises,such as great uncertainty and obvious environmental benefits,the traditional B-S model is subjective in the selection of relevant parameters,so this paper improves the traditional model by using fuzzy mathematics method,and constructs a fuzzy real option pricing model.All of these provide some reference for the value evaluation of environmental protection enterprises.

B-S modelfuzzy real option methodenvironmental protection enterprisesenterprise value

李琼、程静

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广西科技大学 经济与管理学院,广西 柳州 545000

B-S模型 模糊实物期权法 环保企业 企业价值

2024

商业观察

商业观察

ISSN:
年,卷(期):2024.10(23)