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Die Arbeit hat das Ziel, die ursprünglich rein kapitalmarkttheoretisch ausgelegte Optionspreistheorie für das … den Leitlinien der Optionspreistheorie folgen.Mit einer auf die 16 führenden Pharmaunternehmen bezogenen empirischen …
Persistent link: https://www.econbiz.de/10009467496
Deterministische Discounted Cash Flow Modelle (DCF-Modelle) greifen im Rahmen der Unternehmensbewertung lediglich auf einwertige Größen zurück. Bei stochastischen Modellen werden einzelne Plangrößen hingegen mehrwertig dargestellt, indem aus Wahrscheinlichkeitsverteilungen verschiedene...
Persistent link: https://www.econbiz.de/10009451171
Increasing the shares of Renewable Energy Sources (RES) and Distributed Energy Resources (DER) is one of the most important levers in many countries to cope with the environmental, political, and economic challenges of future energy supply. The underlying research question of this thesis is...
Persistent link: https://www.econbiz.de/10009434450
Increasing the shares of Renewable Energy Sources (RES) and Distributed Energy Resources (DER) is one of the most important levers in many countries to cope with the environmental, political, and economic challenges of future energy supply. The underlying research question of this thesis is...
Persistent link: https://www.econbiz.de/10009434650
There is no doubt that fossil fuels are expensive energy resources. Their use also leads to the environmental problems. Although there is a tendency of increase in renewable energy capacity, its share in global final energy consumption is relatively low. This paper aims to increase awareness of...
Persistent link: https://www.econbiz.de/10012158660
Persistent link: https://www.econbiz.de/10009464095
Bedeutungzu. In diesem Beitrag wird untersucht, inwiefern das klassische Kapitalwertkriteriumund der Realoptionsansatz einen … Investitionstheorieund gemäß dem Realoptionsansatz bestimmt wurden. Bei der Bestimmung der normativenBenchmarks wird die individuelle … Risikoeinstellung der Teilnehmer berücksichtigt. DieErgebnisse zeigen, dass der Realoptionsansatz besser als das Kapitalwertkriterium …
Persistent link: https://www.econbiz.de/10009442716
One critical factor in open pit mining projects is the estimation of the recoverable reserves. The reason for this is that at the valuation stage there is a lack of information about future metal prices and production costs. Consequently, the estimation of the recoverable reserves needs to be...
Persistent link: https://www.econbiz.de/10009437735
For the last 40 years, academics advocated the use of the traditional Discounted CashFlow (DCF) techniques but these suggestions were ignored by practitioners for a longtime. The Net Present Value (NPV), Internal Rate of Return (IRR) and Present ValuePayback Period (PVPP) are now some of the...
Persistent link: https://www.econbiz.de/10009442134
Many investment decisions of agribusiness firms such as when to invest in an emerging market or whether to expand the capacity of the firm involve irreversible investment and uncertainty about demand, cost or competition. This paper uses an option-value model to examine the factors affecting an...
Persistent link: https://www.econbiz.de/10009442866