Valuation and Return Dynamics of Research and Development Ventures

We develop and analyze a model of a multi-stage investment project that captures many features of R\&D ventures and start-up companies. An important feature these problems share is that the firm learns about the potential profitability of the project t

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Year of publication:	1997-10
Authors:	Berk, Jonathan ; Green, Richard C. ; Naik, Vasant
Institutions:	Carnegie Mellon University, Tepper School of Business

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Series:	GSIA Working Papers.
Type of publication:	Book / Working Paper
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005029175