Article ID Journal Published Year Pages File Type
10239169 Applied Catalysis A: General 2005 13 Pages PDF
Abstract
The financial tools for evaluating R&D investments have evolved well beyond basic discounted cash flow models. Better tools have been developed to value intellectual capital, including the quantitative assessment of the value added by R&D. The dissection of the elements of risk, and the application of real options theory are new features of the R&D landscape. Financing vehicles have also changed with a surge of venture capital and private equity funds. The analyst's toolbox has been enhanced by electronic spreadsheets, on-line databases, Monte Carlo software, the Internet, and the ubiquitous personal computer.
Related Topics
Physical Sciences and Engineering Chemical Engineering Catalysis
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