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).
Full text not available from this repository.
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
Actions (login required)