Valuation of the Liability Structure by Real Options is popular PDF and ePub book, written by David Heller in 2022-06-22, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Valuation of the Liability Structure by Real Options can be Read Online from any device for your convenience.
Valuation of the Liability Structure by Real Options Book PDF Summary
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.
Detail Book of Valuation of the Liability Structure by Real Options PDF
- Author : David Heller
- Release : 22 June 2022
- Publisher : John Wiley & Sons
- ISBN : 9781119988304
- Genre : Business & Economics
- Total Page : 127 pages
- Language : English
- PDF File Size : 20,7 Mb
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