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dc.contributor.authorSvavarsson, Danielswe
dc.contributor.authorStamatogiannis, Nikosswe
dc.contributor.authorLinde, Jonathanswe
dc.date.accessioned2003-04-07swe
dc.date.accessioned2007-01-17T03:23:50Z
dc.date.available2007-01-17T03:23:50Z
dc.date.issued2001swe
dc.identifier.urihttp://hdl.handle.net/2077/2492
dc.description.abstractThis paper discusses different approaches to the capital investment process. The main focus is on investigating the practical aspects when applying real option theory to capital budgeting. We apply an extended framework introduced by Timothy A. Luehrman (1997) to a case study for Gothenburg Energy AB. The project is evaluated based on different assumptions in three separate scenarios. The results form each scenario are discussed in context of the applicability of the real options approach to the investment decision. Further, the robustness of the results to different assumptions about the evolation of the project value is examined.swe
dc.format.extent137 pagesswe
dc.format.extent629566 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoenswe
dc.relation.ispartofseriesMasters Thesis, nr 2000:29swe
dc.subjectCapital budgetingswe
dc.subjectReal option theoryswe
dc.subjectFinancial option theoryswe
dc.subjectFlexibilityswe
dc.subjectDiscounted cash flow analysis.swe
dc.titleThe value of flexibility - A real option approach to capital budgetingswe
dc.setspec.uppsokSocialBehaviourLawswe
dc.type.uppsokDswe
dc.contributor.departmentGöteborgs universitet/Graduate Business Schoolswe
dc.type.degreeStudent essayswe
dc.gup.originGöteborg University. School of Business, Economics and Lawswe
dc.gup.epcid2082swe


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