- Author
- Patena Wiktor, Urbański Aleksander
- Title
- Wycena opcji realnych - metody, wyzwania
- Source
- Rynek Terminowy, 2004, nr 3, s. 10-15, bibliogr. 24 poz., rys.
- Keyword
- Instrumenty pochodne, Wycena opcji, Opcje realne, Metodologia wyceny
Derivatives, Options pricing, Real options, Valuation methodology - Abstract
- Przy podejmowaniu decyzji inwestycyjnych nie można ignorować pojawiających się opcji realnych. Radykalnie zwiększają one możliwości reagowania firmy na zmieniające się warunki rynkowe. Artykuł poświęcony jest przeglądowi podstawowych faktów dotyczacych opcji realnych, a w szczególności metody ich wyceny.
- Accessibility
- The Main Library of the Cracow University of Economics
The Library of Warsaw School of Economics
The Library of University of Economics in Katowice
The Main Library of Poznań University of Economics and Business
The Main Library of the Wroclaw University of Economics - Bibliography
-
- Amram M., Kulatilaka N., Real Options: Managing Strategic Investment in an Uncertain World, Harvard Business School Press, Boston, 1999
- Amram M., Kulatilaka N., "Uncertainty: The New Rules for Strategy", The Journal of Business Strategy, Vol. 20, Issue 3, May/June 1999
- Black F., Scholes M., "The Pricing of Options and Corporate Liabilities", Journal of Political Economy, Vol.81, pp.637-659, May-June 19732]
- Borison A., "Real Options Analysis: Where are the Emperor's Clothes?", Working Paper, 2003, http://ardent.mit.edu/real_options/RO_current_lectures/bori-son.pdf [dostęp: 22.06.2004]
- Boer P.P., Valuation of Technology Using Real Options, Research Technology Management, July/August 2000
- Brealey R., Myers S., Principles of Corporate Finance, 6th Edition, Irwin MsGrow-Hill, Boston, 2000
- Capiński M., Patena W., "Real Options - Realistic Valuation", Working Paper, 2003, http://papers.ssrn.com
- Capiński M., Patena W., "Model wyceny opcji realnych", Rynek Terminowy, 2003/4, str. 109-112
- Constantinides G., "Market Risk Adjustment in Project Valuation", Journal of Finance, Vo. 33, No. 2, pp. 603-616, 1978
- Copeland T., Antikarov V., Real Options. A Practitioner's Guide, Texere, 2000
- Cox J., Ross S., Rubinstein M., "Option Pricing: A Simplified Approach", Journal of Financial Economics, vol.7, pp.229-263, 1979
- Dixit A.K., Pindyck R.S., Investment under Uncertainty, Princeton University Press, Princeton, NJ, 1994
- Fernandez P., Valuation methods and Shareholder Value Creation, Academic Press, San Diego, 2002
- Herath H.S.B., Park C.S., "Exploiting Uncertainty - Investment Opportunities as Real Options: A New Way of Thinking in Engineering Economics", The Engineering Economist, Vol. 45 , No. 1, pp. 2-36, 2001
- Howell S., Stark A., Newton D., Paxson D., Cavus M., Pereira J., Patel K., Real Options: Evaluating Corporate Investment Opportunities in a Dynamic World, Prentice Hall, 2001
- Hubalek F., Schachermayer W., "The Limitations of No-Arbitrage Arguments for Real Options", International Journal of Theoretical and Applied Finance, No. 4(2), pp. 361-373, 2001
- Hull J.C., Options, Futures and Other Derivatives, Prentice Hall, 1989
- Kellog D., Charnes J.M., "Real Options Valuation for a Biotechnology Company", Financial Analysts Journal, May/ June 2000, pp. 76-84
- Kemna A., "Case Studies on Real Options", Financial Management, Autumn 1993
- Luehrman T., "Investment Opportunities as Real Options: Getting Started on the Numbers", Harvard Business Review, July-August 1998, pp. 3-15
- Luenberger D., Investment Science, Oxford University Press, New York, 1998
- Merton R.C., "Theory of Rational Option Pricing", Bell Journal of Economics and Management Sciences, Vol. 4, No.1, pp. 141-183, 1973
- Smith J., McCradle K., "Valuing Oil Properties: Integrating Option Pricing and Decision Analysis Approaches", Operations Research, Vol. 46, No 2, 1998, pp. 198-217
- Trigeorgis L, Real Options, 4th Ed. The MIT Press, 1999
- Cited by
- ISSN
- 1508-972X
- Language
- pol
