The article describes the methods of calculating the expected return on venture capital, analyzed factors influencing the expected return offered formula to calculate the expected return on venture capital investments, taking into account the discount factor and the coefficient of risk.
venture capital, investment, risks, expected return, discount rate, cash flows
1. Pilipenko, P.P. Korporativnoe venchurnoe investirovanie: metody analiza vysokoriskovannogo biznesa / P.P. Pilipenko. – M.: Triada Ltd, 2001. – 184 s.
2. Chistyakov, V.P. Kurs teorii veroyatnostey / V.P. Chistyakov. – 2-e izd., pererab. i dop. / V.P. Chistyakov. – M.: Nauka, Glavnaya redaktsiya fiziko-matematicheskoy literatury, 1982. – 256 s.
3. Myers, S.C. Interactions of corporate financing and investment decision – Implications for capital budgeting. The Journal of Finance, v. 29, March 1974.
4. Tallia, C.P.D. A new approach to joint venture investments / C.P.D Tallia, M.T. Judd, D.D. Pattison. Management Accounting, August 1996, pp. 40–46.
