We analyze cross-border acquisitions (CBAs) in the context of growth options by investigating the shareholder wealth … higher than the pre-CBA forecast. Our results suggest that CBAs are a means by which acquirers exercise value creating growth … options, but only in the case when developed country acquirers buy developed country targets. …

, growth options become less sensitive to the underlying asset value and more valuable as idiosyncratic volatility goes up …

expected equity returns and cash holdings. In addition, this positive relation is stronger for firms with less valuable growth … options. Using a data set of US pubic companies, I find evidence consistent with the model's predictions. …

this relationship is affected by the level of growth options relative to assets-in-place. Using a sample of 865 firm … diversity together with the level of growth options significantly affects firm value after effectively controlling for the … apparent among firms with high levels of growth options. However, among firms having at least one female director on the board …

debt capacity of growth options is negative. Underinvestment costs of debt increase and free cash flow benefits of debt … fall with additional growth options. Thus, if firm value increases with additional growth options, then leverage not only … leverage and growth options and provides a new economic interpretation of book leverage regressions. …

Using recently collected data on Finnish small businesses, we provide evidence that the debt capacity of growth options …

these public resources and to achieve high growth rates through 2015. This paper analyzes agricultural growth options that …

Comprehensive Africa Agriculture Development Programme (CAADP). The analysis provides an assessment of agricultural growth options …