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Preise | 2013 | 2014 | 2018 | 2019 | 2022 |
---|---|---|---|---|---|
Schnitt | Fr. 59.14 (€ 60.60)¹ | Fr. 88.71 (€ 90.90)¹ | Fr. 78.47 (€ 80.41)¹ | Fr. 71.57 (€ 73.34)¹ | Fr. 82.58 (€ 84.62)¹ |
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Real Options Valuation
ISBN: 9783540285120 bzw. 3540285121, in Deutsch, Springer Berlin, neu.
2006, Englisch, This book analyzes real options valuation for non-constant versus constant interest rates using simulation and historical backtesting. Several real options are investigated and combined with various pricing tools and stochastic term structure models. Interest rates for real options valuation are simulated by using stochastic term structure models (Vasicek, Cox-Ingersoll-Ross, Ho-Lee, and Hull-White one-factor and two-factor models) and by using implied forward rates. The book shows that the assumption of a constant interest rate in real options valuation is not justifiable. All necessary theory is provided in the book. The analyses were conducted using a proprietary computer simulation program. All results are explained in detail and rules are derived for application in Corporate Finance practice. For the first time, a systematic analysis based on simulations and historical backtesting compares real options valuation using constant interest rates and the implied forward rates with methods that simulate inter.
Real Options Valuation - The Importance of Interest Rate Modelling in Theory and Practice
ISBN: 9783540285120 bzw. 3540285121, in Deutsch, Springer-Verlag, neu, E-Book, elektronischer Download.
This book analyzes real options valuation for non-constant versus constant interest rates using simulation and historical backtesting. Several real options are investigated and combined with various pricing tools and stochastic term structure models. Interest rates for real options valuation are simulated by using stochastic term structure models (Vasicek, Cox-Ingersoll-Ross, Ho-Lee, and Hull-White one-factor and two-factor models) and by using implied forward rates. The book shows that the assumption of a constant interest rate in real options valuation is not justifiable. All necessary theory is provided in the book. The analyses were conducted using a proprietary computer simulation program. All results are explained in detail and rules are derived for application in Corporate Finance practice. For the first time, a systematic analysis based on simulations and historical backtesting compares real options valuation using constant interest rates and the implied forward rates with methods that simulate interest rates stochastically.
Real Options Valuation
ISBN: 9783540285120 bzw. 3540285121, vermutlich in Englisch, Springer Nature, neu, E-Book, elektronischer Download.
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. eBook.
Real Options Valuation - The Importance of Interest Rate Modelling in Theory and Practice
ISBN: 9783540285120 bzw. 3540285121, in Deutsch, Springer Berlin, neu, E-Book, elektronischer Download.
Real Options Valuation: 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. Englisch, Ebook.
Real Options Valuation (2005)
ISBN: 9783540285120 bzw. 3540285121, in Deutsch, Springer, Berlin/Heidelberg, Deutschland, neu.
Real Options Valuation ab 75.99 € als pdf eBook: The Importance of Interest Rate Modelling in Theory and Practice. Auflage 2005. Aus dem Bereich: eBooks, Wirtschaft,.
Real Options Valuation
ISBN: 3540285121 bzw. 9783540285120, vermutlich in Englisch, Real Options Valuation - eBook als pdf von Marcus Schulmerich - Springer-Verlag GmbH - 9783540285120, neu, E-Book, elektronischer Download.
Real Options Valuation als eBook von Marcus Schulmerich, Marcus Schulmerich (2005)
ISBN: 9783540285120 bzw. 3540285121, in Deutsch, Springer Berlin Heidelberg, neu.
Real Options Valuation ab 75.99 EURO The Importance of Interest Rate Modelling in Theory and Practice. Auflage 2005.
Real Options Valuation (2006)
ISBN: 9783540285120 bzw. 3540285121, vermutlich in Englisch, 360 Seiten, Springer Berlin, neu, E-Book, elektronischer Download.
The Importance of Interest Rate Modelling in Theory and Practice, eBooks, eBook Download (PDF), 2005.