Real Options Theory for Law Makers
نویسندگان
چکیده
منابع مشابه
Bankruptcy Law and Entrepreneurship Development: a Real Options Perspective
We develop a real options perspective to explore how an entrepreneur-friendly bankruptcy law can encourage entrepreneurship development at the societal level. If bankrupt entrepreneurs are excessively punished for failure, they may let inherently high-risk but potentially high-return opportunities pass. We suggest that a more entrepreneur-friendly bankruptcy law, informed by a real options logi...
متن کاملMergers and market valuation: real options approach
This paper investigates the connection between market valuation anda type of the merger (stock, cash) using real options setup. I solveexplicitly for the timing and terms of cash mergers in two deferent settingsto demonstrate that cash mergers generally occur at low marketvaluations, whereas stock mergers that may be observed at both low andhigh valuations; the result holds with some dierences ...
متن کاملReal Options and Game Theory: When should Real Options Valuation be applied?
At a recent conference on real options, a delegate from a telecommunications company raised the following query in response to a speaker from a firm of management consultants. Paraphrasing somewhat, he said: “You’ve stressed the importance of ‘holding the option’ and delaying investment decisions. Last month a consultant from your company advised my firm, a telecoms company, to act decisively, ...
متن کاملUsing Real Options Theory to Evaluate Strategic Investment Options for Mobile Content Delivery: A Case Study
With a rich fare of localized content, but limited regional media outlet channels, mobile content generates new business opportunities for Media News, a small media company with considerable growth potential. Two business models are considered: partnering with wireless service providers and strategic alliances with mobile content syndicators. First, the models are evaluated based on their resou...
متن کاملReal Options Theory for Real Asset Portfolios: the Oil Exploration Case
This paper discusses a portfolio theory for real assets with main focus on petroleum exploration and development assets. Exploratory assets are prospects with chances to find out development assets (oilfields in this case). By the real options point of view, exploratory assets are compound options. In opposition to financial assets portfolio theory, the paper shows that positive correlation bet...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Recherches économiques de Louvain
سال: 2009
ISSN: 0770-4518,1782-1495
DOI: 10.3917/rel.751.0093