Real Options Valuation The Importance of Interest Rate Modelling in Theory and Practice /

• Main Author: Schulmerich, Marcus (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Berlin, Heidelberg : Springer Berlin Heidelberg, 2005.
• Series: Lecture Notes in Economics and Mathematical Systems, 559
• Subjects: Finance.; Economics, Mathematical.; Probabilities.; Macroeconomics.; Economics.; Macroeconomics/Monetary Economics//Financial Economics.; Finance, general.; Quantitative Finance.; Probability Theory and Stochastic Processes.

Managerial decision-making during the lifetime of a project can have im­ portant implications on project handling and its contribution to shareholder value. Traditional capital budgeting methods (in particular methods based on net present value) fail to capture the role of managerial degrees of free...