The University of Southampton
University of Southampton Institutional Repository

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).

Record type: Monograph (Discussion Paper)


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

Full text not available from this repository.

More information

Published date: 1998


Local EPrints ID: 36140
PURE UUID: c4f32621-d06c-4c9c-b4e8-6626e902b5bf

Catalogue record

Date deposited: 25 Apr 2007
Last modified: 17 Jul 2017 15:45

Export record


Author: S-W. Chang

University divisions

Download statistics

Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.

View more statistics

Atom RSS 1.0 RSS 2.0

Contact ePrints Soton:

ePrints Soton supports OAI 2.0 with a base URL of

This repository has been built using EPrints software, developed at the University of Southampton, but available to everyone to use.

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive cookies on the University of Southampton website.