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The Journal of Alternative Investments

The Journal of Alternative Investments

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The Valuation of Illiquid Assets: A Focus on Private Equity and Real Estate

Rajna Gibson Brandon, Martin Hoesli and Jiajun Shan
The Journal of Alternative Investments Summer 2022, jai.2022.1.163; DOI: https://doi.org/10.3905/jai.2022.1.163
Rajna Gibson Brandon
is a professor in the Geneva Finance Research Institute at the University of Geneva in Geneva, Switzerland
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Martin Hoesli
is a professor in the Geneva Finance Research Institute at the University of Geneva in Geneva, Switzerland and at the University of Aberdeen Business School at King’s College in Aberdeen, UK
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Jiajun Shan
is a PhD candidate in the Department of Statistics at the Geneva School of Economics and Management, University of Geneva in Geneva, Switzerland
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The Journal of Alternative Investments: 25 (1)
The Journal of Alternative Investments
Vol. 25, Issue 1
Summer 2022
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The Valuation of Illiquid Assets: A Focus on Private Equity and Real Estate
Rajna Gibson Brandon, Martin Hoesli, Jiajun Shan
The Journal of Alternative Investments Apr 2022, jai.2022.1.163; DOI: 10.3905/jai.2022.1.163

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The Valuation of Illiquid Assets: A Focus on Private Equity and Real Estate
Rajna Gibson Brandon, Martin Hoesli, Jiajun Shan
The Journal of Alternative Investments Apr 2022, jai.2022.1.163; DOI: 10.3905/jai.2022.1.163
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  • Article
    • Abstract
    • TRADITIONAL METHODS FOR VALUING ILLIQUID ASSETS
    • THE REAL OPTION VALUATION APPROACH
    • AN EXTENSION OF THE MAJD AND PINDYCK (1987) SEQUENTIAL INVESTMENT MODEL TO VENTURE CAPITAL FUNDS
    • CONCLUSION
    • ACKNOWLEDGMENTS
    • APPENDIX 1
    • APPENDIX 2
    • ENDNOTES
    • REFERENCES
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