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Implementing real options in firm valuation

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dc.title Implementing real options in firm valuation en
dc.contributor.author Kramná, Eva
dc.relation.ispartof Innovation Vision 2020: Sustainable Growth, Entrepreneurship, and Economic Development, Vols 1-4
dc.identifier.isbn 978-0-9821489-8-3
dc.date.issued 2012
dc.citation.spage 1759
dc.citation.epage 1768
dc.event.title 19th International-Business-Information-Management-Association Conference
dc.event.location Barcelona
utb.event.state-en Spain
utb.event.state-cs Španělsko
dc.event.sdate 2011-11-12
dc.event.edate 2011-11-13
dc.type conferenceObject
dc.language.iso en
dc.publisher International Business Information Management Association (IBIMA) en
dc.subject business valuation en
dc.subject real options en
dc.subject discounted cash flow en
dc.subject managerial flexibility en
dc.description.abstract This paper concentrates on the business valuation under risk and flexibility. To illustrate how the financial flexibility may influence the value of the company, the equity of the analyzed telecommunication company by applying real options concept is evaluated. The present study applies and compares Discounted Cash Flow method and Real options method. The case study showed that real options approach is able to regard as an adequate tool for equity valuation. The results of this study confirmed that taking flexibility into account has considerable value. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1003308
utb.identifier.rivid RIV/70883521:28120/12:43868496!RIV13-MSM-28120___
utb.identifier.obdid 43868597
utb.identifier.scopus 2-s2.0-84896350390
utb.identifier.wok 000317549701057
utb.source d-wok
dc.date.accessioned 2013-07-27T14:54:56Z
dc.date.available 2013-07-27T14:54:56Z
utb.contributor.internalauthor Kramná, Eva
utb.fulltext.affiliation Eva Kramná Tomas Bata University in Zlin, Czech Republic,kramna@fame.utb.cz
utb.fulltext.dates -
utb.fulltext.sponsorship Authors are thankful to the Internal Grant Agency of FaME UTB No. IGA/FaME/2012/013 (Real options approach for company valuation in selected industry) for financial support to carry out this research.
utb.fulltext.faculty Faculty of Management and Economics
utb.fulltext.ou -
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