Valuation Of The Liability Structure By Real Options

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Valuation Of The Liability Structure By Real Options

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Author : David Heller
language : en
Publisher: John Wiley & Sons
Release Date : 2022-06-22

Valuation Of The Liability Structure By Real Options written by David Heller and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-06-22 with Business & Economics categories.

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.

Data Analysis And Related Applications Volume 1

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Author : Konstantinos N. Zafeiris
language : en
Publisher: John Wiley & Sons
Release Date : 2022-08-17

Data Analysis And Related Applications Volume 1 written by Konstantinos N. Zafeiris and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-08-17 with Computers categories.

The scientific field of data analysis is constantly expanding due to the rapid growth of the computer industry and the wide applicability of computational and algorithmic techniques, in conjunction with new advances in statistical, stochastic and analytic tools. There is a constant need for new, high-quality publications to cover the recent advances in all fields of science and engineering. This book is a collective work by a number of leading scientists, computer experts, analysts, engineers, mathematicians, probabilists and statisticians who have been working at the forefront of data analysis and related applications. The chapters of this collaborative work represent a cross-section of current concerns, developments and research interests in the above scientific areas. The collected material has been divided into appropriate sections to provide the reader with both theoretical and applied information on data analysis methods, models and techniques, along with related applications.

Development And Territorial Restructuring In An Era Of Global Change

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Author : Elisabeth Peyroux
language : en
Publisher: John Wiley & Sons
Release Date : 2023-07-25

Development And Territorial Restructuring In An Era Of Global Change written by Elisabeth Peyroux and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-07-25 with Business & Economics categories.

Thinking about development and the environment simultaneously is one of the biggest scientific and societal challenges of the 21st century. Understanding the interactions between biophysical systems and human activities in an era of global change requires overcoming disciplinary divides and opening up new epistemological perspectives. This book explores these challenges using a territorial lens. Combining various scales of analyses (from global to local) and contexts (both urban and rural) in the North and in the South, it analyzes the relationships between environment and development through a variety of geographical objects (i.e. cities, rural and agricultural areas, coastlines, watershed), themes (i.e. ecological transitions, food, energy, transport, agriculture, mining activities) and methodologies (i.e. qualitative and quantitative approaches, modeling, in situ measurements). By engaging in a dialogue between social science and natural science disciplines, within different fields and with a variety of forms of knowledge production, this book provides essential information for understanding and reading the complexity of a globalized world. This book is targeted at academics and students in social sciences and at stakeholders in the field of territorial and environmental management.

Collective Dynamics And Territories

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Author : Anne Albert-Cromarias
language : en
Publisher: John Wiley & Sons
Release Date : 2024-07-18

Collective Dynamics And Territories written by Anne Albert-Cromarias and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-07-18 with Business & Economics categories.

Faced with global economic, social and environmental challenges requiring us to go beyond individual actions, the development of collective dynamics is the ideal response. From this perspective, territories, which have long been neglected, are now asserting themselves as breeding grounds for innovative and relevant forms of organized action in response to shared experiences. Bringing together more than twenty researchers in strategic management, human resources management and marketing, Collective Dynamics and Territories offers, through nine territorial issues (innovating and regenerating territories, building environmental action, attracting and retaining talent, etc.), insights into the conditions and modalities for developing collective dynamics within territories. The success of local collective dynamics depends on support for the actors involved, from situation analysis to problem definition, including idea generation, selection, implementation and evaluation. This book offers a comprehensive, systemic and operational vision for analyzing and acting on collective territorial dynamics.

Social Impact In Solidarity Based Organizations

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Author : Julien Kleszczowski
language : en
Publisher: John Wiley & Sons
Release Date : 2025-07-29

Social Impact In Solidarity Based Organizations written by Julien Kleszczowski and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-07-29 with Business & Economics categories.

In recent years, social impact assessment (SIA) has become an important issue for organizations in the social and solidarity economy (SSE). SIA refers to the measurement of the effects of these organizations on society, and it is increasingly seen as a performance measurement for this type of organization. Social Impact in Solidarity-based Organizations is based on a series of original case studies of SIA approaches carried out in a variety of organizations. It takes a nuanced, reflective look at SIA, charting a path between unreserved promotion and wholesale rejection of the very principle of the approach. The book focuses on the debates, uses and limits of SIA practices, placing them in their own contexts, values, challenges and objectives.

Inclusive Territories 2

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Author : Martine Brasseur
language : en
Publisher: John Wiley & Sons
Release Date : 2024-03-19

Inclusive Territories 2 written by Martine Brasseur and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-03-19 with Business & Economics categories.

Inequalities and other "social fractures" mark our contemporary economies and societies. While global approaches may have long been sufficient in the past, the focus today is on how local dynamics can make inclusion possible. This two-volume collective work reports on these local dynamics, shedding light on how the creation of inclusive territories can be envisaged and developed. To this end, the involvement of public, private and associative organizations has been identified as one of the conditions for success. In fact, they act both as partners in a territory and as inclusive spaces. Inclusive Territories 2 focuses on local partnerships that promote inclusion, presenting existing arrangements and discussing conditions for their impetus.

Promoting A More Inclusive Society For Dependent Or Disabled People

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Author : Corinne Grenier
language : en
Publisher: John Wiley & Sons
Release Date : 2025-07-14

Promoting A More Inclusive Society For Dependent Or Disabled People written by Corinne Grenier and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-07-14 with Social Science categories.

Promoting a more inclusive society for the elderly, people with disabilities and, more broadly, all of those in vulnerable situations, implies profound changes in the healthcare system in many countries. This movement, known as “deinstitutionalization”, implies strengthening people’s participation in the decisions and activities that concern them, whether they live in an institution, in their ordinary environment, or in respect to their habits and life projects. The aim is to achieve social participation by considering the people we support as partners in our organizations, as genuine professional and institutional players who contribute to this transformation of the healthcare system. This book brings together contributions from over 40 researchers from different countries (notably French-speaking and Canadian), as well as patients involved in research, experimentation or associations. These contributions examine the terminological and legal foundations of a more inclusive society – the different mechanisms, innovative forms of housing and ways of supporting the public and professionals in favor of inclusion – and the different models for animating territories, therefore fostering the community commitment of favoring inclusion.

Investment Decision Making Using Optional Models

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Author : David Heller
language : en
Publisher: John Wiley & Sons
Release Date : 2020-02-26

Investment Decision Making Using Optional Models written by David Heller and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-02-26 with Business & Economics categories.

In order to create value, companies must allocate their resources effectively and evaluate investment alternatives. This book examines, from a theoretical and empirical point of view, how managerial flexibility can be integrated into investment decisions through the optional approach. Unlike the traditional net present value method, the actual options take into account indeterminate elements. These lead to unpredictable cash flows at the time of the investment decision, especially in the context of complex and risky projects. The book puts into perspective the use of optional models and their interactions. The different categories of options are the subject of practical applications, through analysis of investment decisions where uncertainty is growing. Therefore, studies make it possible to consider the flexible nature of investment choices by integrating new information and risk over time.

Real Options

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Author : Lenos Trigeorgis
language : en
Publisher: MIT Press
Release Date : 1996-03-14

Real Options written by Lenos Trigeorgis and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996-03-14 with Business & Economics categories.

Comprehensive in scope, Real Options reviews current techniques of capital budgeting and details an approach (based on the pricing of options) that provides a means of quantifying the elusive elements of managerial flexibility in the face of unexpected changes in the market. In the 1970s and the 1980s, developments in the valuation of capital-investment opportunities based on options pricing revolutionized capital budgeting. Managerial flexibility to adapt and revise future decisions in order to capitalize on favorable future opportunities or to limit losses has proven vital to long-term corporate success in an uncertain and changing marketplace. In this book Lenos Trigeorgis, who has helped shape the field of real options, brings together a wealth of previously scattered knowledge and research on the new flexibility in corporate resource allocation and in the evaluation of investment alternatives brought about by the shift from static cash-flow approaches to the more dynamic paradigm of real options—an approach that incorporates decisions on whether to defer, expand, contract, abandon, switch use, or otherwise alter a capital investment. Comprehensive in scope, Real Options reviews current techniques of capital budgeting and details an approach (based on the pricing of options) that provides a means of quantifying the elusive elements of managerial flexibility in the face of unexpected changes in the market. Also discussed are the strategic value of new technology, project interdependence, and competitive interaction. The ability to value real options has so dramatically altered the way in which corporate resources are allocated that future textbooks on capital budgeting will bear little resemblance to those of even the recent past. Real Options is a pioneer in this area, coupling a coherent picture of how option theory is used with practical insights in into real-world applications.

The Legacy Of Fischer Black

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Author : Bruce N. Lehmann
language : en
Publisher: Oxford University Press
Release Date : 2005

The Legacy Of Fischer Black written by Bruce N. Lehmann and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.

Fischer Black was a remarkable social scientist, one whose contributions range from the lofty perch of highbrow theory to the trenches of practical application. The papers represented in this work span the same range, the contributions of a remarkable array of financial economists who embody in different ways Fischer's ideal of insight from economic theory that both guides and is rooted in the kind of detailed observation of relevant aspects of actual financial markets. It is hoped that readers find this volume to be both a fitting tribute and a stimulus to further research. After all, the advancement of economic science remained a constant goal throughout Fischer's remarkable career in the many and disparate venues in which he plies his trade.