University of Hertfordshire

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Gerçek Opsiyonların Fiyatlandırılması

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Translated title of the contributionPricing of Real Options
Original languageOther
Pages (from-to)p. 70-81
JournalJournal of Accounting and Finance, Association of Accounting and Finance Academicians (AAFA) Publications
IssueNo.26
Publication statusPublished - Apr 2005

Abstract

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.

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