An analytic valuation formula for two subsequent options to expand is presented, in order to prove some properties of the interactions among multiple options which were pointed out in Trigeorgis (1993). Moreover the formula is applied to compare different expansion opportunities, aiming at singling out the preferable managerial strategy.
Agliardi R. (2006). Options to expand:some remarks. FINANCE RESEARCH LETTERS, 3(1), 65-72 [10.1016/j.frl.2006.01.003].
Options to expand:some remarks
AGLIARDI, ROSSELLA
2006
Abstract
An analytic valuation formula for two subsequent options to expand is presented, in order to prove some properties of the interactions among multiple options which were pointed out in Trigeorgis (1993). Moreover the formula is applied to compare different expansion opportunities, aiming at singling out the preferable managerial strategy.File in questo prodotto:
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