Analysis of Quantitative Methods of Risk Assessment and Selection of Optimal Method Using Venture Investment in Innovative Projects in Construction

Pugacheva Valeria ()
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Pugacheva Valeria: Russian Plekhanov University of Economics, Russian Federation

Baltic Journal of Real Estate Economics and Construction Management, 2016, vol. 4, issue 1, 153-167

Abstract: One of the main factors that constrains using of venture investment in innovative projects in the field of construction is high risk of this type of investment. Thus, the problem of risk assessment is relevant in the venture investment of innovative projects. First of all, it should be noted that the risks in the construction industry have considerable specificity and heterogeneity. Real options approach is an important tool with venture investment at all stages. It can be widely used in innovative projects in construction for accurate risk assessment.

Keywords: Risks; venture investment; quantitative risk assessment; real options method; models of the Black - Scholes and the binomial (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:bjrecm:v:4:y:2016:i:1:p:153-167:n:12

DOI: 10.1515/bjreecm-2016-0012

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