Real options approach to valuation of fuel cell companies.

This paper develops a growth option model for the valuation of a part of the business of Ballard Power Systems, a leading fuel cell company. It is modeled as a compound growth option, and an explanation is provided for the difference in valuation arrived at by using the dynamic discounting cash flow...

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Bibliographic Details
Main Author: Shriram Subramanian.
Other Authors: Ho, Kim Wai
Format: Theses and Dissertations
Language:English
Published: 2008
Subjects:
Online Access:http://hdl.handle.net/10356/7659
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Institution: Nanyang Technological University
Language: English