J. Rogers

Strategy, Value and Risk (eBook, PDF)

The Real Options Approach

• Format: PDF

Produktbeschreibung

Updated and revised, this second edition applies advanced financial analytics within a strategic framework that recognizes an environment where sustainable competitive advantage is a progressively more difficult task. Real Options offer the link to value and the strategic opportunities that lie in an increasingly dynamic landscape

Produktdetails

• Verlag: Palgrave Macmillan UK
• Erscheinungstermin: 18. September 2009
• Englisch
• ISBN-13: 9780230353930
• Artikelnr.: 44930708

Autorenporträt

JAMIE ROGERS is an Executive Director at The Weston Group, a merchant bank based in New York, USA. He has extensive experience in a range of areas that include valuation and risk management in the financial, energy and commodity markets, corporate finance and derivatives.

Inhaltsangabe

List of Figures and Tables Preface Acknowledgements Introduction PART I THE EVOLUTION OF STRATEGY, VALUE AND MEASURING RISK Strategy: From Corporate Planning to Shareholder Value Valuation Investment Risk Five Shareholder Value Case Studies PART II DEVELOPMENTS IN STRATEGY, VALUE AND RISK MANAGEMENT Developments in Strategy Real Options Firm Value Risk Management PART III QUANTIFYING REAL OPTIONS 59 Derivatives Data Analysis Option Pricing Methods Implementing Real Options PART IV REAL OPTIONS CASE STUDIES AND PRACTICAL IMPLICATIONS Seven Strategic Real Options Case Studies Conclusion and Practical Implications References Index

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List of Figures and Tables - Preface - Acknowledgements - Introduction - The Business Environment and Strategy - Value and Risk - Strategy and Real Options - PART I: THE EVOLUTION OF STRATEGY, VALUE AND MEASURING RISK - Strategy: From Corporate Planning to Shareholder Value - Valuation - Investment Risk - Six Strategic DCF Case Studies - PART II: DEVELOPMENTS IN STRATEGY, VALUE AND RISK MANAGEMENT - Developments in Strategy - Real Options - Risk Management - PART III: QUANTIFYING REAL OPTIONS 59 - The Solution Methods - Derivatives - Data Analysis - Option Pricing Methods - Implementing Real Options - PART IV: REAL OPTIONS CASE STUDIES AND PRACTICAL IMPLICATIONS - Three Strategic Real Options Case Studies - Conclusion and Practical Implications - References - Index - - -

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1. Strategy.- 2. Value.- 3. Risk.- 4. Financial statistics.- 5. Derivatives.- 6. Derivative model applications.- 7. Platforms, data, and analytics.- 8. Energy.- 9. Pharmaceuticals and Biotechnology.- 10. A Growth Firm.- 11. Firm transformation and divesture.

Rezensionen

'For the reader looking for a clear and concise introduction to real options, this book hits the spot. While the focus is on real options analysis, Rogers provides a pleasing blend of financial engineering, modern finance, and accounting-based valuation, all with the view of understanding the value from strategies and all under the eye of an informed, experienced practitioner' - Stephen H. Penman, George O. May Professor of Accounting, Columbia Business School, New York, USA

"Real option theory represents an innovative approach to valuation. This book does a sound job of blending theory and practice. The inclusion of case studies is useful. The addition of material on corporate finance theory and financial statement in the Second Edition enhances the utility of the book." - Satyajit Das, Risk Consultant and Author

"Jamie Rogers' compact treatment of real options invites managers to learn the field by studying its stories and successes, with just enough theory to demonstrate the rigor of thought beyond the case studies. No manager can fully understand modern strategy and valuation without some knowledge of real options, and this book provides a strong starting point." - David C. Shimko, Chief Risk Officer, NewOak Capital, New York, USA

'The idea that options exist in almost every decision scenario is intuitively sensible. What we need to do is recognize them, assess their value and include that value in the decision making process. This concisebook effectively gets those two basic ideas over in a manner that can be understood by even the most mathematically-challenges executives.' - Maria Barbera, Innovations E-newsletter