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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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)|
|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
|Date Deposited:||25 Apr 2007|
|Last Modified:||02 Mar 2012 11:28|
|Publisher:||University of Southampton|
|RDF:||RDF+N-Triples, RDF+N3, RDF+XML, Browse.|
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