Interfaces for enterprise valuation from a real options lens

2018 ◽  
Vol 27 (1) ◽  
pp. 69-80
Author(s):  
Jackson J. Tan
Keyword(s):  
Real Options ◽  
Enterprise Valuation

AUCTIONS, REAL OPTIONS VALUATION, AND PRIVATIZATION

2011 ◽  
Vol 13 (04) ◽  
pp. 403-415
Author(s):  
ALAA EL-SHAZLY
Keyword(s):  
Real Options ◽  
Private Information ◽  
Information Disclosure ◽  
Bayesian Nash Equilibrium ◽  
Enterprise Valuation ◽  
Real Options Approach ◽  
Sealed Bid ◽  
Real Options Valuation ◽  
Sealed Bid Auctions ◽  
Asset Quality

This article studies competitive bidding by strategic investors to buy enterprises that are being privatized through sealed-bid auctions. The bidders use a real options approach to enterprise valuation that accounts for asset quality given their private information. It is shown that the optimal bidding strategy under first-price sealed-bid auctions defines a Bayesian Nash equilibrium in which each strategic investor bids only a fraction of its prior valuation and competition decreases the bidder's profit margin. The greater the transparency and information disclosure on asset quality, the higher the seller's expected receipts will be.

Real Options and Project Evaluation

10.1596/27376 ◽  
2011 ◽  
Author(s):  
Odin K. Knudsen ◽  
Pasquale L. Scandizzo
Keyword(s):  
Real Options ◽  
Project Evaluation

Tracking Stocks and the Acquisition of Real Options

CFA Digest ◽  
2001 ◽  
Vol 31 (2) ◽  
pp. 101-102
Author(s):  
Frank T. Magiera
Keyword(s):  
Real Options ◽  
Tracking Stocks

Real Options and Investment Valuation

CFA Digest ◽  
2002 ◽  
Vol 32 (3) ◽  
pp. 40-43
Author(s):  
Frank T. Magiera
Keyword(s):  
Real Options ◽  
Investment Valuation

Real options in business practice

2013 ◽  
Vol 2013 (3 (156)) ◽  
Author(s):  
Paulina Adamczyk ◽  
Waldemar Rogowski
Keyword(s):  
Real Options ◽  
Business Practice
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