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A Comment on "The Valuation of R&D Firms with R&D Limited Partnerships."

Joseph K. Cheung; Mandy Li

The Accounting Review 1992

Abstract Comments on the article titled, `The Valuation of R&D Firms with R&D Limited Partnerships,' by Terry Shevlin to clarify his interpretation of the components of the research and development (R&D) limited partnership (LP) as a call option reflected in the firm's stock price. Criticism on the measurement of the asset and liability components of the LP in the option pricing network.

DOI
10.2308/tar-9605305896
Volume
67 (2)
Pages
440-442
Language
en
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