Valuation of the Liability Structure by Real Options (Modern Finances, Management Innovation and Economic Growth Set, 5) - Hardcover

Heller, David

Hardcover

ISBN 10: 1786307340 ISBN 13: 9781786307347

Verlag: Wiley-ISTE, 2022

Inhaltsangabe

The valuation of the liability structure can be determined by real options because the shares of a company can be regarded as similar to the purchase of a financial call option. Therefore, from this perspective, debt can be viewed as the sale of a financial put option. As a result, financial analysts are able to establish different valuations of a company, according to these two financing methods.

Valuation of the Liability Structure by Real Options explains how the real options method works in conjunction with traditional methods. This innovative approach is particularly suited to the valuation of companies in industries where an underlying asset has high volatility (such as the mining or oil industries) or where research and development costs are high (for example, the pharmaceutical industry). Integration of the economic value of net debt (rather than the accounting value) and integration of the asset volatility are the main advantages of this approach.

Über diesen Titel

Über die Autorin bzw. den Autor

David Heller is a teacher-researcher in finance and leads the masters in finance program at the ISC in Paris, France.

Details zur Ausgabe

• Verlag: Wiley-ISTE
• Erscheinungsdatum: 2022
• Sprache: Englisch
• ISBN 10: 1786307340
• ISBN 13: 9781786307347
• Einband: Tapa dura
• Auflage: 1
• Anzahl der Seiten: 196
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: Nicht verfügbar