Home > Search Results: keywords:"real option"
Search:
Search Tips :: Advanced Search
Search collections:
Sort by: Display results: Output format:
National Repository of Grey Literature 2 records found  Search took 0.01 seconds. 
The Real Options Application on the US Mergers and Acquisitions Market
 Hlůže, Martin ; Scholleová, Hana (advisor) ; Kotáb, Jiří (referee)
The diploma thesis covers partial area of investment evaluation. It's main objective is to test the possible application of the real options theory on the Reverse Termination Fee valuation. This thesis considers the Reverse Termination Fee as a real option to abandon project and evaluates it using a binomial pricing model based on the volatility of the stock market. The result of this valuation is a price map. The map itself is analyzed together with the market analysis of announced trades using this fee as a deal protection. The conclusion of this thesis is formed based on observed trends and correlation between partial outputs of the binomial pricing model and market analysis.
Detailed record
The use game theory and real options valuation in investment decisions
 Kuchina, Elena ; Dlouhý, Martin (advisor) ; Rada, Miroslav (referee)
This work demonstrates a new approach how to evaluate investment projects under uncertainty. This approach consists of the unification of real option valuation and game theory principles. The application of the theoretical foundation of this "option game" is shown on the illustrative example, that represents two-stage game. Analysis of this example compares the investment project's value in case when the R&D investment is not carried out with the case when this investment is made. In latter case there are two different possibilities whether the investment outcomes are proprietary or shared. The present work shows that in the evaluation of investment projects besides standard NPV there is flexibility value and the value of strategic effect; whereas these two components usually go against each other. Within the framework of the given illustrative example a breakdown of the investment project's value is demonstrated in different cases.
Detailed record

Interested in being notified about new results for this query?
Subscribe to the RSS feed.
Digital Repository :: Search :: Submit :: Personalize :: Help
Powered by Invenio v1.1.2
Maintained by admin.invenio@techlib.cz
This site is also available in the following languages:
Česky  English