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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Description/Abstract

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)
Related URLs:
Subjects: H Social Sciences > HF Commerce
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
ePrint ID: 36141
Date Deposited: 25 Apr 2007
Last Modified: 27 Mar 2014 18:22
Publisher: University of Southampton
URI: http://eprints.soton.ac.uk/id/eprint/36141

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