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Title: A real options approach to corporate investment strategy
Author: Gorton, Kevin Patrick
ISNI:       0000 0001 3506 9559
Awarding Body: University Manchester Metropolitan
Current Institution: Manchester Metropolitan University
Date of Award: 2009
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This thesis provides an in-depth account of how real option pricing theory can be applied to a large organisation, where day-to-day capital investment decisions are routinely undertaken using standard discounted cash flow analysis (DCF). The study shall define the theory and origin of option pricing from its early applications in the financial commodity markets (Black, and Scholes, 1973) and (Merton, 1973) to the seminal work of academics in developing risk neutral portfolio theory (Cox, Ross Rubinstein, 1979).
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available