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Real options with uncertain maturity and competition

Miltersen, Kristian R.; Schwartz, Eduardo S. - 2007

Persistent link: https://www.econbiz.de/10003443319

Patents and R&D as real options

Schwartz, Eduardo S. - In: Economic notes : economic review of Banca Monte dei … 33 (2004) 1, pp. 23-54

Persistent link: https://www.econbiz.de/10003690172

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

Growth options and firm valuation

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