TY - CHAP AB - The purpose of this chapter is to serve as a basic guide to introduce the reader to different types of valuation techniques utilized when valuing new technologies. The goal is to familiarize the reader with the differing techniques along with some of the issues in utilizing them. The chapter begins with the foundation of corporate finance – the time value of money – and moves through brief discussions on discounted cash flow, decision tree analysis, Monte-Carlo analysis, and real option analysis. The chapter ends with a discussion emphasizing the need to place valuation into a larger context of firm control rights and ownership. VL - 18 SN - 978-1-84950-532-1, 978-0-7623-1481-2/1048-4736 DO - 10.1016/S1048-4736(07)00009-4 UR - https://doi.org/10.1016/S1048-4736(07)00009-4 AU - Higgins Matthew J. ED - Gary D. Libecap ED - Marie C. Thursby PY - 2008 Y1 - 2008/01/01 TI - Chapter 9 Introduction to finance and valuing early stage technology T2 - Technological Innovation: Generating Economic Results T3 - Advances in the Study of Entrepreneurship, Innovation and Economic Growth PB - Emerald Group Publishing Limited SP - 253 EP - 285 Y2 - 2024/04/19 ER -