Return predictability and the real option value of segments
Theory suggests that firm value should include the value of real options; that is, firms have the option to expand more profitable businesses and liquidate less profitable businesses. In a diversified firm, each segment has its own real options. Applying real options theory to a diversified firm at...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2018
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soa_research/1631 https://ink.library.smu.edu.sg/context/soa_research/article/2658/viewcontent/101007_2Fs11142_017_9421_3.pdf |
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| Institution: | Singapore Management University |
| Language: | English |