University of Hertfordshire

From the same journal

Gerçek Opsiyonların Fiyatlandırılması

Research output: Contribution to journalReview article

  • Nurgul Chambers
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Original languageOther
Pages (from-to)p. 70-81
JournalJournal of Accounting and Finance, Association of Accounting and Finance Academicians (AAFA) Publications
Journal publication dateApr 2005
Publication statusPublished - Apr 2005


A real options approach is a new way of thinking about corporate investment decisions. It is based on the premise that any corporate decision to invest or divest real assets, is simply an option. It gives the option holder a right to make an investment without any obligation to act. The decision maker, therefore, has more flexibility, and the value of this operating flexibility should be taken into consideration.

ID: 16575976