| Description |
x, 246 pages : illustrations ; 25 cm |
| Series |
Financial Management Association survey and synthesis series |
|
Financial Management Association survey and synthesis series.
|
| Contents |
Pt. I. The Real Options Potential. Ch. 1. Introduction. Ch. 2. Uncertainty Creates Opportunities. Ch. 3. Option Valuation: The Nobel Prize-Winning Breakthrough. Ch. 4. From Wall Street to Main Street: Options on Real Assets. Ch. 5. Disciplined Strategy. Ch. 6. Quick Lessons -- Pt. II. The Real Options Solution Process. Ch. 7. The Four-Step Solution Process. Ch. 8. Calculating Option Values. Ch. 9. Adjusting for Leakage in Value -- Pt. III. A Portfolio of Applications. Ch. 10. Valuing a Start-up. Ch. 11. Investing in a Start-up. Ch. 12. Exploring for Oil. Ch. 13. Developing a Drug. Ch. 14. Investing in Infrastructure. Ch. 15. Valuing Vacant Land. Ch. 16. Buying Flexibility. Ch. 17. Combining Real and Financial Flexibility. Ch. 18. Investing to Preempt Competitors. Ch. 19. Writing a License -- Pt. IV. Conclusion. Ch. 20. Changing the Questions We Ask -- Appendix. A Quick Introduction to Discounted Cash Flow and the Estimation of Volatility |
| Summary |
Martha Amram and Nalin Kulatilaka suggest a smarter new way to think about strategic investments in terms of real options. By applying options thinking - the concept underlying the recent Nobel Prize-winning work on financial options - to the evaluation of nonfinancial assets, this innovative approach brings a financial market discipline to the evaluation of a company's opportunities. Using real options theory, managers can more effectively target crucial opportunities to redeploy, delay, modify, or even abandon capital-intensive projects as events unfold. Corporate executives in finance, investments, and project management should share this book with decision makers in information technology, strategic planning, corporate restructuring, venture capital, and law |
| Bibliography |
Includes bibliographical references (pages 231-240) and index |
| Notes |
Also available online via the World Wide Web, by subscription to Books24x7 (BusinessPro) |
| Subject |
Institutional investments.
|
|
Options (Finance)
|
| Author |
Kulatilaka, Nalin, 1953-
|
|
Financial Management Association.
|
| LC no. |
98022392 |
| ISBN |
0875848451 (alk. paper) |
|
