Results 341 to 350 of about 3,428,091 (391)
Some of the next articles are maybe not open access.
Hostile takeovers or friendly mergers? Real options analysis
Journal of Corporate Finance, 2019This study analyzes a real options model of mergers and takeovers between two firms facing different but correlated uncertainty in profits. It is assumed that firms can choose two alternatives; hostile takeover or friendly merger. In a hostile takeover, a bidder firm takes all the extra value but incurs takeover costs, while in a friendly merger, both ...
Takeshi Ebina +2 more
openaire +1 more source
Real option analysis of a technology portfolio
Review of Financial Economics, 2006AbstractThis article contributes to methodology of real options analysis of investments in capital intensive process industries, where relatively homogenous outputs are produced using commonly known production technologies. In addition to capacity expansion, the method can be used for analysis of mergers and acquisitions.
Petri Hilli +2 more
openaire +1 more source
Cut-off grade: A real options analysis
Resources Policy, 2014Abstract In this paper we examine the impact of forward price uncertainty on the optimal cut-off policy of mines. We employ a new real options model for determining the optimal cut-off grade of ore under stochastic prices. The economic insights and consequences of incorporating uncertainty into the cut-off decision making process are shown to be in ...
Matt Thompson, Drew Barr
openaire +1 more source
Real options analysis for urban flood mitigation under environmental change
Sustainable cities and society, 2023Kui Xu +4 more
semanticscholar +1 more source
Customer lifetime valuation using real options analysis
Journal of Marketing Analytics, 2015As the concept of Customer Lifetime Value (CLV) is gaining a growing acceptance to achieve superior efficiency and effectiveness of marketing plans, development of more accurate models to measure CLV is becoming an important issue. Most CLV models cannot consider the management flexibility in uncertain situations. Real options valuation is the approach
Hamidreza Koosha, Amir Albadvi
openaire +1 more source
Introducing a Real Option Framework for EVA/MVA Analysis
SSRN Electronic Journal, 2020For the first time, a framework is introduced that allows for a real options analysis to be performed in an EVA/MVA-embedded binomial tree. This framework enhances traditional EVA/MVA analysis so that it can capture the additional value generated through strategic decision making during a project’s life.
Tom Arnold +3 more
openaire +1 more source
Introduction to Real Options Analysis
2016This chapter provides an introduction to the real options way of thinking. The valuation methods of real options are based on the option pricing theory for financial securities. Therefore in the first part of this chapter the basic concepts of financial options will be discussed.
openaire +1 more source
R&D Cooperation in Real Option Game Analysis [PDF]
, 2009 In recent years, the real option theory has been widely used in evaluating investment decisions in a dynamic environment. The market developments are complex and so the conventional NPV (Net Present Value) rule undertakes the value of a project because this method fails to take into account the market uncertainty, irreversibility of investment and ...
openaire +2 more sources
Analysis of Transmission Investments using Real Options
2006 IEEE PES Power Systems Conference and Exposition, 2006This paper explores the application of real options for transmission investment analysis under deregulation. In recent years, real options analysis has gained wide recognition for its superiority in dealing with uncertainty and managerial flexibility in non-financial or "real" investments.
Badri Ramanathan, Siri Varadan
openaire +1 more source
Clean Technologies and Environmental Policy, 2021
Weiwei Zhang +3 more
semanticscholar +1 more source
Weiwei Zhang +3 more
semanticscholar +1 more source