Budoucnost ekonomického hodnocení investic

Title in English Future of investments evaluation
Authors

STEHLÍK Antonín

Year of publication 2005
Type Article in Periodical
Magazine / Source Politická ekonomie
MU Faculty or unit

Faculty of Economics and Administration

Citation
Field Economy
Keywords valuation; options; real options; volatility
Description The aim of the text is to present current approach in investments evaluation based on real option theory. Each investment has more possibilities of realization, which can be described as real options. It is possible to evaluate the price of real option by utilization of the below described model. The real option classification is not steady yet. The real option analysis does not replace the standard techniques (the net present value approach) but they are very important complement as it is shown at the end of this paper. Real options is the modern approach to capital budgeting.
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