Real options (Finance)
The real options approach to valuation : challenges and opportunities
... Longstaf f and Schwartz (2001) developed a simulation approach to valuing American options. An American option gives its holder the right to exercise at multiple points in time (finite number) before its maturity ...
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A real options approach for joint overhaul and replacement strategies with mean reverting prices
... of real options in operations problems, which usually involve inter- dependence between decisions across time periods, the preferred modelling approach is a discrete one(Bengtsson, ...path-dependent ...
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On the use of fuzzy real options hybrid simulation : analysis and interpretation
... fuzzy real options hybrid simulation to evaluate risky project is ...outlined. Real option values are estimated by Least Squares Monte Carlo simula- tion, capturing the value of managerial ...
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How is corporate diversification coded into Real Options language? The interaction between growth options, diversification scope and relatedness
... growth options value. We adopt an options-based perspective, from which diversification is seen as both a materialization of current growth options exercise and a source of future options to ...
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Valuation of patents and R&D projects using real options: a practical implementation
... Literature on financial option theor y applied to va- luation of projects (real options methodology) is re- latively abundant [see, for instance, Amram et al. (1999) and Copeland et al. (2000)]. However, ...
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Optimal decision policy for real options under general markovian dynamics
... these options may be recognized in investment such as Research & Development, natural resources exploitation, production and manufacturing scheduling, ...of real options research, we refer to the ...
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Applying real options in the TV Market : a simple framework for valuing flexibility
... on real options theory that supports decision-making under uncertainty by active managers in the television ...The real options framework (ROF) is used to maximize the profits of a television ...
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Real Options: A Tool for Managing Technical Risk in a Mine Plan
... In 1985, Brennan and Schwartz [9] introduced for the first time the concept or real options to a natural resource investment project (in this case, to a copper mine). In 1998, Tulcanaza and Zenteno [34] ...
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Technology-based startup valuation using real options with edgeworth expansion
... and real assets [16]. In real assets, real options theory helps us valuing the strategic flexibility contained in investment decisions, and calculating companies’ worth ...certain real ...
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Application of the real options approach to the appraisal of motorway concessions. The abandonment option.
... the real options approach need to assume a multiple dynamic series of decisions, where management has the flexibility to adapt given a change in the business ...the real option is negligible, the use ...
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The Value of Corporate Diversification: an analysis through the real options lens
... & Finance Symposium (IAFDS), simposio doctoral donde tuve oportunidad de participar en dos ediciones y que contribuyó no sólo a mi formación doctoral, sino como punto de encuentro con profesores y doctorandos ...
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Are Real Options a missing piece in the Diversification Value Puzzle?
... All computations in this paper are carried out using STATA 11.0. All equations are estimated by using panel data methodology to address two concerns: the existence of unobservable individual heterogeneity and ...
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Revista Contaduría y Administración
... Real options give the executive the right, but not the obligation, to conduct certain business initiatives; which means added value for the investor, ...that real options valuation is a useful ...
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Evaluación financiera con la metodología de opciones reales de una inversión para producir quitosano con base en desperdicio de camarón.
... Enterprises in modern economies face the challenge of being profitable and reducing their ecological impact. A scientific, technological and economic effort is being made to substitute petrol products for products ...
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Four papers about the development, market concentration, mobility, profitability and factors influencing choice of entry mode in the hotel chains
... a real option arose from Myers (1977) when he related the concept of a financial option to a real ...With real options, the options involve “real” assets as opposed to financial ...
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The fintech and islamic finance synthesis in the modern world
... Thus, the impact on the Islamic banking Assets indicators such as global venture capital activity in FinTech with corporate participation (Deal count) (X4) and global private investment in blockchain & cryptocurrency ...
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Thomistic Metaphysics: Contemporary Interpretations
... the real distinction between being as act and essence, nor that essence in act, while active temporally speaking, is equivalent rather to dynamism or essential potency; essences would be modes of ...a real ...
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Planes ejecutivos de stock options en España
... stock options en las empresas españolas, sin embargo al no especificar y teniendo en cuenta que en España hay un sinfín de empresas y por eso es prácticamente inviable realizar un análisis de cada una, nos hemos ...
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Behavorial finance
... Behavioral Finance y Wealth Management en 2006, donde identificó 20 sesgos de comportamiento con los que asesores financieros privados se encontraban en su labor ...
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Introduction to Corporate Finance
... traded companies are usually controlled by one or more large shareholders. Moreover, in countries with limited shareholder protection, when compared to countries with strong shareholder protection like the U.S. and the ...
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