Equity as a call option on mean-reverting cash flows
Chang, S-W. (1998) Equity as a call option on mean-reverting cash flows. Southampton, UK, University of Southampton, 20pp. (Discussion Papers in Accounting and Management Science, (98-138) ).
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Description/Abstract
The purpose of this paper is to present an application of a cash flow-based Contingent Claims Analysis (CCA) to equity valuation. The cash flow-based Contingent Claims Analysis is used to extend a traditional CCA toproblems with incomplete capital markets, overreacted markets of situations where value of a firm can not be correctly by summing up all the firm's claims
| Item Type: | Monograph (Discussion Paper) |
|---|---|
| Related URLs: | |
| Subjects: | H Social Sciences > HG Finance H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management |
| Divisions: | University Structure - Pre August 2011 > School of Management |
| Item ID: | 36140 |
| Date Deposited: | 25 Apr 2007 |
| Last Modified: | 02 Mar 2012 11:28 |
| Contributors: | Chang, S-W. (Author) |
| Date: | 1998 |
| Status: | Published |
| Publisher: | University of Southampton |
| URI: | http://eprints.soton.ac.uk/id/eprint/36140 |
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