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)
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ePrint ID: 36141
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1998Published
Date Deposited: 25 Apr 2007
Last Modified: 16 Apr 2017 22:07
Further Information:Google Scholar
URI: http://eprints.soton.ac.uk/id/eprint/36141

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