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1 novembre 2013
- handle: 10670/1.kjlgfr
info:eu-repo/semantics/openAccess
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Real optionsSujets proches
Capitalization (Finance) Appraisal Property--Valuation Economic valuationCiter ce document
EDUARDO SCHWARTZ, « THE REAL OPTIONS APPROACH TO VALUATION: CHALLENGES AND OPPORTUNITIES », Latin American Journal of Economics, ID : 10670/1.kjlgfr
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Résumé
This paper provides an overview of the real options approach to valuation mainly from the point of view of the author who has worked in this area for over 30 years. After a general introduction to the subject, numerical procedures to value real options are discussed. Recent developments in the valuation of complex American options has allowed progress in the solution of many interesting real option problems. Two applications of the real options approach are discussed in more detail: the valuation of natural resource investments and the valuation of research and development investments.