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	Provedor de dados AgEcon (1) Autor Dapena, Jose Pablo (1) Palavra-chave Contingent claims valuation (1) Financial Economics (1) G12 (1) Real options (1) Valuation (1) Tipo do documento Journal Article (1) Ano 2003 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última On the Valuation of Companies with Growth Opportunities AgEcon Dapena, Jose Pablo. Each company faces day to day investment opportunities. Just by staying in business the company is taking a decision of reinvesting capital. These opportunities have to be fairly valued to overcome misallocation of resources. A project with high growth opportunities requires high reinvestments to take full advantage of them until it reaches its mature stage. These investments can be seen as a succession of call options on future growth. When a company with such prospects is valued using the discounted cash flow technique and growth is taken implicitly in the growing cash flows and the residual value, the value thus obtained will be higher than the true one (under certain circumstances). Technology advances and the effects of globalization create enormous... Tipo: Journal Article Palavras-chave: Real options; Valuation; Contingent claims valuation; Financial Economics; G12. Ano: 2003 URL: http://purl.umn.edu/44040 Registros recuperados: 1 Primeira ... 1 ... Última

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