liu.seSearch for publications in DiVA
Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • oxford
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
F2C – An Innovative Approach to Use Fuzzy Cognitive Maps (FCM) for the Valuation of High-Technology Ventures
Inno AG, Karlsruhe, Germany.
Linköping University, Department of Management and Engineering, Project management, Innovations and Entrepreneurship . Linköping University, The Institute of Technology. (PIE)ORCID iD: 0000-0002-5960-9270
Engage – Key Technology Ventures AG, Rostock / Germany.
2011 (English)In: Communications of the IBIMA, ISSN 1943-7765, E-ISSN 1943-7765, Vol. 2011, no Article ID 483882, p. 1-14Article in journal (Refereed) Published
Abstract [en]

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.

Place, publisher, year, edition, pages
2011. Vol. 2011, no Article ID 483882, p. 1-14
Keywords [en]
Fuzzy Cognitive Map, Venture Valuation, Fuzzy Systems
National Category
Social Sciences Economics and Business
Identifiers
URN: urn:nbn:se:liu:diva-77666DOI: 10.5171/2011.483882OAI: oai:DiVA.org:liu-77666DiVA, id: diva2:528301
Available from: 2012-05-24 Created: 2012-05-24 Last updated: 2017-12-07

Open Access in DiVA

No full text in DiVA

Other links

Publisher's full text

Authority records

Klofsten, Magnus

Search in DiVA

By author/editor
Klofsten, Magnus
By organisation
Project management, Innovations and Entrepreneurship The Institute of Technology
In the same journal
Communications of the IBIMA
Social SciencesEconomics and Business

Search outside of DiVA

GoogleGoogle Scholar

doi
urn-nbn

Altmetric score

doi
urn-nbn
Total: 119 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • oxford
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf