Options and investment strategies
โ Scribed by Bernard Morard; Ahmed Naciri
- Publisher
- John Wiley and Sons
- Year
- 1990
- Tongue
- English
- Weight
- 750 KB
- Volume
- 10
- Category
- Article
- ISSN
- 0270-7314
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
## Abstract Real options theory models certain corporate investments as investments in growth options, yet there is little direct evidence on whether firms actually capture growth option value from these investments. In the current paper, we attempt to bridge this empirical gap, and we also examine
This paper presents a new approach for analyzing dynamic investment strategies. Previous studies have obtained explicit results by restricting utility functions to a few speci"c forms; not surprisingly, the resultant dynamic strategies have exhibited a very limited range of behavior. In contrast, we
## Abstract Real options analysis is a promising approach to model investment under uncertainty. We employ this approach to value stockpiling of antiviral drugs as a precautionary measure against a possible influenza pandemic. Modifications of the real options approach to include risk attitude and