Sequential growth options and the value of the firm: a real options approach
Chang, S-W. (1998) Sequential growth options and the value of the firm: a real options approach. Southampton, UK, University of Southampton, 32pp. (Discussion Papers in Accounting and Management Science, 98-141).
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The purpose of this paper is to value a firm with sequential growth options in two types of uncertainty, 'uncertain cash flow' and 'uncertain investment yield'. The paper shows that such a firm can be valued by the real options approach, given the firm's cash process, investment yiel process and investment policy
|Item Type:||Monograph (Discussion Paper)|
|Subjects:||H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
H Social Sciences > HF Commerce
H Social Sciences > HG Finance
|Divisions :||University Structure - Pre August 2011 > School of Management
|Accepted Date and Publication Date:||
|Date Deposited:||25 Apr 2007|
|Last Modified:||01 Oct 2015 11:05|
|RDF:||RDF+N-Triples, RDF+N3, RDF+XML, Browse.|
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