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

This book analyzes real options valuation for non-constant versus constant interest rates using simulations and historical backtesting. It provides a systematic analysis and compares real options valuation using constant interest rates and the implied forward rates with methods that simulate interes...

Πλήρης περιγραφή

Λεπτομέρειες βιβλιογραφικής εγγραφής
Κύριος συγγραφέας: Schulmerich, Marcus (Συγγραφέας)
Συγγραφή απο Οργανισμό/Αρχή: SpringerLink (Online service)
Μορφή: Ηλεκτρονική πηγή Ηλ. βιβλίο
Γλώσσα:English
Έκδοση: Berlin, Heidelberg : Springer Berlin Heidelberg, 2010.
Θέματα:
Διαθέσιμο Online:Full Text via HEAL-Link
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001 978-3-642-12662-8
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020 |a 9783642126628  |9 978-3-642-12662-8 
024 7 |a 10.1007/978-3-642-12662-8  |2 doi 
040 |d GrThAP 
050 4 |a HB172.5 
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100 1 |a Schulmerich, Marcus.  |e author. 
245 1 0 |a Real Options Valuation  |h [electronic resource] :  |b The Importance of Interest Rate Modelling in Theory and Practice /  |c by Marcus Schulmerich. 
264 1 |a Berlin, Heidelberg :  |b Springer Berlin Heidelberg,  |c 2010. 
300 |a XVIII, 389 p.  |b online resource. 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
347 |a text file  |b PDF  |2 rda 
505 0 |a Real Options in Theory and Practice -- Stochastic Models for the Term Structure of Interest Rates -- Real Options Valuation Tools in Corporate Finance -- Analysis of Various Real Options in Simulations and Backtesting -- Summary and Outlook. 
520 |a This book analyzes real options valuation for non-constant versus constant interest rates using simulations and historical backtesting. It provides a systematic analysis and compares real options valuation using constant interest rates and the implied forward rates with methods that simulate interest rates stochastically. Real options are investigated and combined with various pricing tools and stochastic term structure models. Interest rates for real options valuation are simulated by using stochastic term structure models (Vasicek, Cox-Ingersoll-Ross, Ho-Lee, and Hull-White one-factor and two-factor models) and by using implied forward rates. All necessary theory is provided in the book. The analyses were conducted using a proprietary computer simulation program. All results are explained in detail and rules are derived for application in Corporate Finance practice. The major change in this second edition is the expanded number of tested scenarios. The second edition contains an expanded number of tested scenarios covering the time period of the financial crisis 2008, one of the worst stock market crashes in history. The findings confirm the results provided in the first edition. 
650 0 |a Finance. 
650 0 |a Applied mathematics. 
650 0 |a Engineering mathematics. 
650 0 |a Economics, Mathematical. 
650 0 |a Probabilities. 
650 0 |a Macroeconomics. 
650 1 4 |a Economics. 
650 2 4 |a Macroeconomics/Monetary Economics//Financial Economics. 
650 2 4 |a Applications of Mathematics. 
650 2 4 |a Probability Theory and Stochastic Processes. 
650 2 4 |a Finance, general. 
650 2 4 |a Quantitative Finance. 
710 2 |a SpringerLink (Online service) 
773 0 |t Springer eBooks 
776 0 8 |i Printed edition:  |z 9783642126611 
856 4 0 |u http://dx.doi.org/10.1007/978-3-642-12662-8  |z Full Text via HEAL-Link 
912 |a ZDB-2-SBE 
950 |a Business and Economics (Springer-11643)