and real estate. We discuss the traditional valuation methods, in particular the net present value (NPV) rule, and show in … what circumstances these can lead to suboptimal investment decisions. Emphasis is placed on a real option valuation … bound in a competitive market and the real option exercise criteria and valuation models as providing the upper bound to …

Classical single-factor comparable company valuation (CCV) like e.g. valuation using the price-earnings ratio is …

This paper proposes a binomial model for company valuation, projecting scenarios of continuity or insolvency of the …

offlexibility in projects. The Real Option Valuation (ROV) is suggested as an alternativetechnique because it implicitly … incorporates this flexibility in project valuation. WithROV, opportunities in projects are treated as real options and are …

or even years ahead of operation. Such a valuation is notably required for hedging purposes. The revenue streams to be …

This paper proposes a binomial model for company valuation, projecting scenarios of continuity or insolvency of the …

In this study, we develop and empirically test a valuation model for a commonly encountered option in office leases: a …