Téléchargez le livre : Real Options Valuation

Real Options Valuation

The Importance of Interest Rate Modelling in Theory and Practice
de

Éditeur :

Springer

Paru le : 2005-12-08

Managerial decision-making during the lifetime of a project can have im­ portant implications on project handling and its contribution to shareholder value. Traditional capital budgeting methods (in particular methods based on net present value) fail to capture the role of managerial degrees of free...
Voir tout
Ce livre est accessible aux handicaps Voir les informations d'accessibilité
Ebook téléchargement , DRM LCP 🛈 DRM Adobe 🛈
Compatible lecture en ligne (streaming)
87,55 €
Ajouter à ma liste d'envies
Téléchargement immédiat
Dès validation de votre commande
Image Louise Reader présentation

Louise Reader

Lisez ce titre sur l'application Louise Reader.

badge apple Application Louise Reader
badge Android Application Louise Reader

Description du livre

Managerial decision-making during the lifetime of a project can have im­ portant implications on project handling and its contribution to shareholder value. Traditional capital budgeting methods (in particular methods based on net present value) fail to capture the role of managerial degrees of free­ dom and therefore tend to lead to a systematic undervaluation of the project. In contrast, the real options approach to investment analysis characterizes decision-making flexibility in terms of (real) option rights which can be eval­ uated analogously to financial options using contingent-claims pricing tech­ niques widely used in capital markets. The research carried out by Marcus Schulmerich analyzes real options for n- constant and stochastic interest rates versus constant interest rates. Analyzing stochastic interest rates in the context of real options valuation is of particular relevance given their long time to maturity which makes them more vulnera­ ble to interest rate risk than short-term financial options. To date, there has not been a comprehensive review of this issue in the academic literature. The fact that interest rates have fiuctuated widely over the recent years further highlights the need for studying this issue.

À propos

Auteur
Marcus Schulmerich
Éditeur
Springer
Collection
n.c
Parution
2005-12-08
Pages
360 pages
EAN papier
9783540261919

Auteur(s) du livre


Defaut-Illustration Marcus Schulmerich

Caractéristiques détaillées - droits

EAN PDF
9783540285120
Prix
87,55 €
Nombre pages copiables
3
Nombre pages imprimables
36
Taille du fichier
53821 Ko
Ce livre est accessible aux handicaps informations d'accessibilité

Suggestions personnalisées