A Modified Real Options Valuation Model for Early Stage Start-Ups in the Game Industry
초기 게임개발사 특성을 고려한 가치평가 모형 연구

Changsok Yoo, Baek Poe
2013 Journal of Korea Game Society  
The financial value of early stage start-up has a tendency to depend more on the non-financial factors, but these are not efficiently reflected in the traditional valuation models. Therefore, most of valuation practices for early stage start-ups heavily relied on the guts of experts. To remedy this, this study suggests a model to directly reflect the non-financial factors especially for the real options approach. Actual process of valuation and the adjustment way were developed considering the
more » ... ed considering the characteristics of early stage start-ups in the game industry.
doi:10.7583/jkgs.2013.13.3.69 fatcat:4zeuyv7tevcpbhu4dqc7dampqa