Valuation of the Liability Structure by Real Options - Rilegato

Heller, David

 
9781786307347: Valuation of the Liability Structure by Real Options
Rilegato
ISBN 10: 1786307340 ISBN 13: 9781786307347
Casa editrice: Iste/Hermes Science Pub, 2022

Sinossi

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.

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Informazioni sull?autore

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

Le informazioni nella sezione "Su questo libro" possono far riferimento a edizioni diverse di questo titolo.

Editore
Iste/Hermes Science Pub
Data di pubblicazione
2022
Lingua
Inglese
ISBN 10 
1786307340
ISBN 13 
9781786307347
Rilegatura
Copertina rigida
Numero edizione
1
Numero di pagine
166
Contatto del produttore
non disponibile
Persona responsabile
non disponibile