实物投资

尽管金融投资与实物投资在很多方面存在着区别，在对金融投资研究中形成的现代资本市场的理论、模型和方法对实物投资仍有着一定的指导意义。

Although there are many differences between financial investment and real investment , the theories , models and methods based on financial investment are still useful for real investment .

首先，它从战略价值的角度对实物投资进行评价。它将单个投资项目与企业的总体发展战略、企业的整体价值联系起来，强调了战略性投资的价值。

At first the essay evaluate the real investment from the strategy value and connect the single investment project , the integral developing strategy and the integral value emphasizing on the value of strategy investment .

按照我国现行的进出口统计制度，FDI的实物投资是作为进口商品记入进口总额。

The entitative investment of FDI belongs to imports according to our present statistical system .

西方学者根据金融期权在实物投资领域的拓展，提出了实物期权（RealOption）理论，并结合博弈理论对技术创新的投资进行分析。

Based on the finance option , western scholars put forward the real option theory , and together with the game theory , they analyze the investment for Technology innovation .

基于期权理论的实物投资决策

Project Investment Decision - Taking Based on the Options Theory

资本利得虽不能为新的实物投资提供融资，但却可以增加全球净值。

Capital gains cannot finance new physical investment , but do add to global net worth .

它是金融期权理论在实物投资领域的发展和应用。

Real option is the development and application of financial option to the field of real investment .

实物投资渠道（主要是让房地产开发商为城市基础设施提供配套资金）；

Practicality investing trench , which mostly consists of corresponding capital for urban infrastructure provided by real estate exploiters ;

二十一世纪是一个全球资本化的时代，金融投资与实物投资的浪潮席卷全世界。

21 century is a time of global capitalization . The world is full of varieties of financial and material investments .

这一点在国内外学术界已得到公认，但实物投资领域千差万别，决不能照搬金融期权定价理论来解决实物期权定价问题。

However , the financial option theory varies a lot , so it 's not feasible to solve real option pricing problems with the financial option theory .

其中，流动负债比率和长期负债比率对实物投资呈显著负相关关系；流动负债比率对股权投资没有显著影响，长期负债比率与股权投资存在显著负相关关系。

Ratio of current liabilities and long-term debt is a significant negative correlation of the physical investment ; current liabilities ratio has no significant effect to the equity investment , but long-term debt has a significantly negative correlation with equity investment .

文章首先对金融投资的基本背景知识进行了简单介绍.从与实物投资的比较中阐释了金融投资的概念，并对其特征进行了分析；

The article has carried on simple introduction to the basic background knowledge of financial investment at first , then explained the concept of financial investment from the comparison with the concept of with the material object investment , and has analyzed its characteristic ;

由于传统的净现值法在投资领域中的诸多的缺陷，期权理论被越来越多的学者引用到了实物投资领域，为企业战略投资决策提供了新的思路和方法。

Because the traditional net present value method in the investment field has many of the defects , option theory has been introduced into the physical area of investment by more and more scholars . And it supply a kind of new ideas and methods for corporate strategic investment decisions .

传统专用实物资产投资估价理论与方法是建立在贴现现金流法（DCF）基础之上的。

The orthodox theory of special real assets capital investment valuation is based on the method of DCF .

研发项目实物期权投资决策方法研究

Reasearch on R & D Project Real Option Investment Decisions

非对称信息下实物期权投资经理人的最优薪酬激励机制

Optimal Salary Incentive Mechanism of Enterprise Manager in Real Option Investment Under Information Asymmetry

并购的上述特性使其具有了实物期权投资的特点。

The above-mentioned characteristics of mergers and acquisitions to make it a real option investment characteristics .

本文提供了关于系统性处理不确定条件下企业专用实物资产投资估价问题的一种新的理论与实施方法。

This paper provides a systematic treatment of a new theory and implement approach of special real assets capital investment valuation of firms under uncertainty .

世界黄金协会表示，去年欧洲在金币和金条上的投资增长了26%，达375吨，使该地区成为实物黄金投资产品的最大市场。

European investment in coins and bars rose 26 per cent to 375 tonnes , the WGC said , making the region the largest market for physical gold investment products .

此外，考虑到基金的金融资产配置决策将指引着实物资产投资的方向，笔者还对基金经理的资产配置决策和潜在投资者的投资决策进行了进化博奕分析。

Furthermore , in view of the fund corporations ' asset allocation decisions direct the investment approach of the entrepreneurs , we study the evolutionary game between the fund managers and the latent investors .

本文对多寡头企业连续时间实物期权投资模型下的能力扩展与随机微分博弈行为及几个关键因素诸如不确定性、最优时机进行分析。

Considering in the same model , the key factors for investment decisions such as uncertainty , flexibility , and optimization timing and the strategies of capacity expansion and Stochastic Differential Games in continuous-time among competitors are analyzed .

委托代理框架下实物期权最优投资策略研究

Research on optimal investment tactics of real option under trust-agent conditions

不确定条件下实物期权在投资决策中的应用探析

Under Uncertainty Real Option Application Analyze in the Investment Decision-making

实物期权博弈投资战略理论与模型研究

Study of real option games investment strategy analysis theory framework and model

基于实物期权的投资项目风险管理

Risk Management in Investment Project Based on Real Option

实物期权博弈投资战略分析的理论及应用研究

Study of Theory Framework and Application Thinking of Real Options Game on the Analysis of Investment Strategy

应用极大值原理推导了实物期权最优投资和数量折扣的求解方案。

Using maximal principle the found solution scheme of the real options optimization investment and the quantity discount has been derived .

实物期权将投资决策与市场估价融为一体，成为不确定条件下投资决策的重要分析工具。

Real option combines investment decision-making with market evaluation , and gradually becomes an important analysis tool for decision-making under uncertainty .

以实物期权定价投资分析思路，实证分析了当投资为不可逆性时不确定性因素是如何对企业投资决策行为形成影响的机制。

This paper focuses on how irreversibility influences the effect of uncertainty on firm-level investment decision with theory of real option pricing .

投资决策可以根据市场变化进行调整即表现出投资具有柔性的特点，实物期权的投资决策方法可以较好地体现投资柔性所具有的价值。

The investment flexibility is an adjustment in accordance with the market changes . Real options approach can better reflect the merit of investment flexibility .