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Cash flow multipliers and optimal investment decisions

Kraft, Holger; Schwartz, Eduardo S. - In: European financial management : the journal of the … 21 (2015) 3, pp. 399-429

Persistent link: https://www.econbiz.de/10011317999

Kraft, Holger; Schwartz, Eduardo S.; Weiss, Farina - 2013 - This version: February 5, 2013

This paper studies the relation between firm value and a firm's growth options. We find strong empirical evidence that (average) Tobin's Q increases with firm-level volatility. However, the significance mainly comes from R&D firms, which have more growth options than non-R&D firms. By...

Persistent link: https://www.econbiz.de/10010226082

Optimal investment and production decisions and the value of the firm

Cortazar, Gonzalo - In: Review of derivatives research 2 (1998) 1, pp. 39-57

Persistent link: https://www.econbiz.de/10001250188

Rational pricing of internet companies

Schwartz, Eduardo S. (contributor); … - 2000 - [Elektronische Ressource], rev

Persistent link: https://www.econbiz.de/10001582207

Growth options and firm valuation

Kraft, Holger; Schwartz, Eduardo S.; Weiss, Farina - In: Essays on empirical asset pricing and …, (pp. 17-49). 2017

This paper studies the relation between firm value and a firm's growth options. We find strong empirical evidence that (average) Tobin's Q increases with firm-level volatility. The significance mainly comes from R&D firms, which have more growth options than non-R&D firms. By decomposing...

Persistent link: https://www.econbiz.de/10012306051

Growth options and firm valuation

Kraft, Holger; Schwartz, Eduardo S.; Weiss, Farina - 2017 - This version: April 12, 2017

This paper studies the relation between firm value and a firm's growth options. We find strong empirical evidence that (average) Tobin's Q increases with firm-level volatility. The significance mainly comes from R&D firms, which have more growth options than non-R&D firms. By decomposing...

Persistent link: https://www.econbiz.de/10012060951