Search: (AMNE:(SOCIAL SCIENCES Business and economics)) srt2:(2010-2011) lar1:(liu) pers:(Klofsten Magnus) >
F2C – An Innovative...
F2C – An Innovative Approach to Use Fuzzy Cognitive Maps (FCM) for the Valuation of High-Technology Ventures
-
- Heydebreck, Peter (author)
- Inno AG, Karlsruhe, Germany
-
- Klofsten, Magnus (author)
- Linköpings universitet,Projekt, innovationer och entreprenörskap,Tekniska högskolan,PIE
-
- Krüger, Lars (author)
- Engage – Key Technology Ventures AG, Rostock / Germany
-
(creator_code:org_t)
- IBIMA Publishing, 2011
- 2011
- English.
-
In: Communications of the IBIMA. - : IBIMA Publishing. - 1943-7765. ; 2011:Article ID 483882, s. 1-14
- Related links:
-
http://ibimapublishi...
-
show more...
-
https://urn.kb.se/re...
-
https://doi.org/10.5...
-
show less...
Abstract
Subject headings
Close
- We propose a novel method - F2C - that can process the only information available in the early stages of a young high-technology venture: linguistic expert knowledge. This knowledge is the basis for the determination of an appropriate discount rate for the valuation of high-technology ventures in early stages of venture capital investments. A specific tool named Fuzzy Cognitive Map (FCM) is used therein to capture and depict the expert knowledge. Consequently, the FCM is transformed into a system of Fuzzy Inference Systems. These systems allow eventually obtaining a crisp value for the crucial parameter, the discount rate r. First practical applications were carried out valuing a biotechnology venture. The obtained results are promising, though the need for further research efforts became obvious.
Subject headings
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business (hsv//eng)
Keyword
- Fuzzy Cognitive Map
- Venture Valuation
- Fuzzy Systems
Publication and Content Type
- ref (subject category)
- art (subject category)
Find in a library
To the university's database