Wörner, Stefan; Racheva-Iotova, Boryana; Stoyanov, Stoyan - In: Computational Statistics 55 (2002) 2, pp. 247-263
Applying real options thinking to company valuation seems theoretically and intuitively appealing. However, the real option analogy of a single European option as well as the compound option proxy perform poorly when applied to company valuation. We therefore suggest to rework the building...