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An Improved Real Option Pricing Model of Internet Asset
Gao, Xi-Rong; Yang, Jian; Dong, Wen-xuan - In: International Journal of Asian Business and Information … 9 (2018) 2, pp. 15-28
This article shows that against the neglect on Internet asset value in traditional financial accounting theory and practice, the authors proposed an improved real option model for assessing Internet asset value based on Metcalfe's law and adaptive expectation hypothesis, and used it to assess...
Persistent link: https://www.econbiz.de/10012042604
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Firm Regulation and Profit Sharing: A Real Option Approach
Moretto, Michele; Valbonesi, Paola - In: The B.E. Journal of Economic Analysis & Policy 7 (2007) 1
Abstract To avoid the extremely high profit levels found in the recent experience of public utilities' regulation, some regulators have introduced a profit-sharing (PS) rule that revises prices to the benefit of consumers. However, in order to be successful, a PS rule should satisfy appropriate...
Persistent link: https://www.econbiz.de/10014587643
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Towards phronetic knowledge for strategic planning in corporate real estate management
van Reedt Dortland, Maartje; Voordijk, Hans; Dewulf, Geert - In: Journal of Corporate Real Estate 16 (2014) 3, pp. 203-219
Purpose – The objective of this paper is to provide insights about the potential of real option thinking for corporate real estate management (CREM) from the owner-user perspective. A promising approach to classifying and evaluating flexibility in real estate is the real options approach. Most...
Persistent link: https://www.econbiz.de/10014852195
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Entry and exit decisions with switching regime cash flows
Hainaut, Donatien - In: International Journal of Managerial Finance 8 (2012) 1, pp. 58-72
Purpose – The purpose of this paper is to propose a method to plan entry and exit times of a project delivering cash flows influenced by business cycles. In this setting, the profit yield by the project are driven by a geometric Brownian motion whose mean and variance switch between a finite...
Persistent link: https://www.econbiz.de/10014785343
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Valuing retail lease options through time
Vimpari, Jussi; Junnila, Seppo - In: Journal of Property Investment & Finance 35 (2017) 4, pp. 369-381
Purpose Retail properties are a perfect example of a property class where revenues determine the rent for the property owners. Estimating the value of new retail developments is challenging, as the initial revenues can have a significant variance from the long-term revenue levels. Owners and...
Persistent link: https://www.econbiz.de/10014898852
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Comparison of revenue guarantee programs in build-operation-transfer projects
Asao, Kohei; Miyamoto, Takashi; Kato, Hironori; … - In: Built Environment Project and Asset Management 3 (2013) 2, pp. 214-227
Purpose – The purpose of this study is to compare revenue guarantee programs in a build-operation-transfer project (BOT). Two types of revenue guarantee programs are formulated: a payment-based annual revenue guarantee program and a period-extension-based cumulative revenue guarantee program....
Persistent link: https://www.econbiz.de/10014677634
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Optimal investment in an automatic milking system: an application of real options
Hyde, Jeffrey; Stokes, Jeffrey R.; Engel, Phoebe D. - In: Agricultural Finance Review 63 (2003) 1, pp. 75-92
Automatic milking systems (AMSs) are a relatively new technology characterized by uncertainty and irreversibility. The choice to invest in such a system is analyzed in a real options framework. Alternative financing arrangements, depreciation methods, and other factors are investigated to...
Persistent link: https://www.econbiz.de/10014667291
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Market anomalies, asset pricing models, and stock returns: evidence from the Indian stock market
Dash, Saumya Ranjan; Mahakud, Jitendra - In: Journal of Asia Business Studies 9 (2015) 3, pp. 306-328
specifications are tested, the importance of medium- and long-term momentum effects has been captured to a greater extent. The size …, market leverage and short-term momentum effects still persist even in the case of alternative unconditional and conditional …
Persistent link: https://www.econbiz.de/10014838488
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The power of momentum on firm performance: a myth or a reality?
Tien, Chengli; Chen, Chien-Nan - In: Journal of Organizational Change Management 28 (2015) 3, pp. 452-468
Purpose – The purpose of this paper is to extend research related to a firm’s behavioural momentum and its financial …-level, and country-level factors can interact with the power of momentum to affect a firm’s performance. Design … also in electronics-related industries across a 22-year time span (1991-2012). Findings – The results show that momentum …
Persistent link: https://www.econbiz.de/10014891877
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Dynamics of external fit and internal fit: case of electronics industry
Lin, Chin-Shien; Peng, Tzu-Ju Ann; Chang, Ruei-Yuan; … - In: Chinese Management Studies 10 (2016) 1, pp. 184-203
between internal fit and external fit, and the momentum of internal fit was found as well. Moreover, the impact of the … such as trade-off, momentum and synergy between the two types of strategic fit, which may be helpful for making decision on …
Persistent link: https://www.econbiz.de/10014697734