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Author: Felipe Luis Aguerrevere
Publisher:
ISBN:
Category : Investments
Languages : en
Pages : 308
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Book Description
Author: Felipe Luis Aguerrevere
Publisher:
ISBN:
Category : Investments
Languages : en
Pages : 308
Get Book Here
Book Description
Author: Jeffrey J. Reuer
Publisher: Emerald Group Publishing
ISBN: 1849504946
Category : Business & Economics
Languages : en
Pages : 520
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Book Description
Examines the ways in which real options theory can contribute to strategic management. This volume offers conceptual pieces that trace out pathways for the theory to move forward and presents research on the implications of real options for strategic investment, organization, and firm performance.
Author: Eduardo S. Schwartz
Publisher: MIT Press
ISBN: 9780262693189
Category : Business & Economics
Languages : en
Pages : 890
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Book Description
The study of investment under uncertainty was stagnant for several decades until developments in real options revitalized the field. The topics covered in this book include the reasons behind the under-investment programme.
Author: Geoffrey Sayre-McCord
Publisher: Cornell University Press
ISBN: 9780801495410
Category : Philosophy
Languages : en
Pages : 340
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Book Description
This collection of influential essays illustrates the range, depth, and importance of moral realism, the fundamental issues it raises, and the problems it faces.
Author: James J. Alleman
Publisher: Springer Science & Business Media
ISBN: 0585333149
Category : Business & Economics
Languages : en
Pages : 274
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Book Description
Randall B, Lowe Piper & Marbury, L.L.R The issue of costing and pricing in the telecommunications industry has been hotly debated for the last twenty years. Indeed, we are still wrestling today over the cost of the local exchange for access by interexchange and competitive local ex change carriers, as well as for universal service funding. The U.S. telecommunications world was a simple one before the emergence of competition, comprising only AT&T and independent local exchange carriers. Costs were allocated between intrastate and interstate jurisdictions and then again, between intrastate local and toll. The Bell System then divided those costs among itself (using a process referred to as the division of revenues) and independents (using a process called settlements). Tolls subsidized local calls to keep the politi cians happy, and the firm, as a whole, covered its costs and made a fair return. State regulators, however, lacked the wherewithal to audit this process. Their con cerns centered generally on whether local rates, irrespective of costs, were at a po litically acceptable level. Although federal regulators were better able to determine the reasonableness of the process and the resulting costs, they adopted an approach of "continuous surveillance" where, like the state regulator, the appearance of rea sonableness was what mattered. With the advent of competition, this historical costing predicate had to change. The Bell System, as well as the independents, were suddenly held accountable.
Author: Marc Zajicek
Publisher: diplom.de
ISBN: 3832475753
Category : Business & Economics
Languages : en
Pages : 78
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Book Description
Inhaltsangabe:Abstract: The objective of this dissertation is to examine the application of Real Options for the evaluation of companies with regard to acquisitions. There has been an intensive scientific discussion in the past years about the Real Options method for the evaluation of investments and mergers & acquisitions as in practice usually the management tries to capture future developments with static methods of capital budgeting. For example, future cash-flows are discounted with a fixed risk-adjusted discount rate. Therefore, the Real Options approach has been applied very rarely as it has the reputation of high complexity and poor practicability in daily business. However, the use of present values and capitalized values may produce pitfalls in acquisition decisions as strategic investment decisions might be characterized by a wide range of possibilities to react flexibly to a fast changing environment. In chapter 1, the term Mergers & Acquisitions (M&A) is defined and the motives as well as the relevance of M&A transactions for different branches are described in detail. Furthermore, the process and the different phases of a merger or an acquisition are explained. Chapter 2 presents traditional evaluation methods of static net present value, sensitivity analysis, Monte Carlo and decision tree. These classic methods are discussed and a comparison is drawn among these techniques in regard to practicability. At the end of this chapter, a evaluation is presented in regard to specific situations with the mayor parameter of uncertainty and flexibility for the application of these classic methods. The basic concept of option pricing is described in chapter 3. In addition, the Black-Scholes equation and the underlying assumptions are explained in detail in order to understand financial options, which are the basic for the Real Options approach. At the end of the chapter, an example of a call and put option is discussed in order to understand the functioning of options. Chapter 4 presents an introduction and definition of the Real Options method. Furthermore, the value drivers and the value creation due to the application of Real Options are discussed and analyzed in detail. After the discussion of the functioning of Real Options, a comparison of the analogy between financial Options and Real Options is done in order to possible differences. In this context, the limitations of the analogy of financial and Real Options are presented. Finally, [...]
Author: Caroline M. Sipp
Publisher: Springer Science & Business Media
ISBN: 1461458145
Category : Business & Economics
Languages : en
Pages : 136
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Book Description
This book seeks to answer “why, when and how are real options used in strategic technology venturing?” This work tests for the role of real options in decision making involving three types of firms in decreasing order of technology-dependence – technology-driven (TD) (where the profit is fully dependent on new technology creation and leveraging), technology-based (TB) (where the profit is enabled and supported by technology) and technology-neutral (TN) (where the profit is almost independent of technology). It also deals with strategic and non-strategic types of decisions driven by real options. This analysis shows that an environment presenting co-opetitive (simultaneous competition and collaboration) conditions triggers the use of real options (why), that serve to transform the position, posture and propensity of businesses to innovate and thus they co-evolve (when) into more effective and efficient forms of businesses (co-specialization) (how). The authors demonstrate that embracing risk and uncertainty can increase levels and probability of new venture formation. However, their simulation also shows that it should be adapted to the risk profile of the firm and that timing is also a factor to be considered. Although engaging the concepts of real options, this analysis does not focus on a specific investment valuation methodology, but highlights the relationship between knowledge and risk and rather addresses the management of mindsets, as moving towards a systematic conceptualization of real options represents a different paradigm in decision making.
Author: Beth Kiyoko Jamieson
Publisher: Penn State Press
ISBN: 0271021365
Category : Social Science
Languages : en
Pages : 271
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Book Description
This book offers a new approach to thinking about liberty in the wake of decades of criticism of liberalism from feminists, communitarians, & conservatives alike.
Author: Susan Anker
Publisher: Macmillan
ISBN: 0312648081
Category : Language Arts & Disciplines
Languages : en
Pages : 905
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Book Description
Real Essays delivers the powerful message that good writing, thinking, and reading skills are both essential and achievable. From the inspiring stories told by former students in Profiles of Success to the practical strategies for community involvement in the new Community Connections, Real Essays helps students to connect the writing class with their real lives and with the expectations of the larger world. So that students don’t get overwhelmed, the book focuses first on the most important things in each area, such as the Four Most Serious Errors in grammar; the Four Basics of each rhetorical strategy; and the academic skills of summary, analysis, and synthesis. Read the preface.
Author: Hugh White
Publisher: Quarterly Essay
ISBN: 1743820100
Category : Political Science
Languages : en
Pages : 124
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Book Description
America is fading, and China will soon be the dominant power in our region. What does this mean for Australia’s future? In this controversial and urgent essay, Hugh White shows that the contest between America and China is classic power politics of the harshest kind. He argues that we are heading for an unprecedented future, one without an English-speaking great and powerful friend to keep us secure and protect our interests. White sketches what the new Asia will look like, and how China could use its power. He also examines what has happened to the United States globally, under both Barack Obama and Donald Trump – a series of setbacks which Trump’s bluster on North Korea cannot disguise. White notes that we have got into the habit of seeing the world through Washington’s eyes, and argues that unless this changes, we will fail to navigate the biggest shift in Australia’s international circumstances since European settlement. The signs of failure are already clear, as we risk sliding straight from complacency to panic. ‘For almost a decade now, the world’s two most powerful countries have been competing. America has been trying to remain East Asia’s primary power, and China has been trying to replace it. How the contest will proceed – whether peacefully or violently, quickly or slowly – is still uncertain, but the most likely outcome is now becoming clear. America will lose, and China will win.’ —Hugh White, Without America ‘This important essay clarifies China’s brinkmanship in Asia and confronts the hard facts of what it means for Australia’ —Fiona Capp, The Sydney Morning Herald ‘In ... Without America: Australia in the New Asia, Hugh White has given us possibly his best piece of writing, and on a subject of the first importance.’ —Weekend Australian ‘Just when the foreign-policy orthodoxy seemed to be catching up with him, White [has] upend[ed] it again.’ —The Interpreter
