Academic Archive

Strategic implications of valuation methods

Show simple item record Alessandri, Todd M. Lander, Diane M. Bettis, Richard A. 2011-01-27T14:45:43Z 2011-01-27T14:45:43Z 2003
dc.description Author's Original
dc.description.abstract Strategy is ultimately aimed at creating shareholder value, placing valuation in a central role linking finance and strategy. Focusing on growth options, this paper uses a unique "perfect information" model to examine, from a strategy point of view, the relationship between the market value of the firm and its intrinsic, or DCF, value. Although the research is at the level of the firm, the results have implications at the level of individual strategies and projects, since a firm can be conceptualized as a collection of projects. The findings highlight the relationship between the value of growth options and macroeconomic conditions, industry characteristics, and firm-specific factors. A revised version of this paper has since been published in the journal Advances in Strategic Management. Please use this version in your citations. en_US
dc.format.extent 648810 bytes en_US
dc.language.iso en_US en_US
dc.publisher Southern New Hampshire University en_US
dc.relation.hasversion doi: 10.1016/S0742-3322(07)24017-3 en_US
dc.relation.requires Adobe Acrobat Reader en_US
dc.rights Emerald Group Publishing Limited retains all ownership rights. Further reproduction in violation of copyright is prohibited en_US
dc.subject.other growth options en_US
dc.subject.other financial theory en_US
dc.subject.other valuation en_US
dc.subject.other growth options
dc.subject.other valuation
dc.subject.other financial theory
dc.title Strategic implications of valuation methods en_US
dc.type Working Paper en_US
dc.description.bibliographicCitation Alessandri, T. M., Lander, D. M., & Bettis, R. A. (2007), Strategic Implications of Valuation: Evidence from Valuing Growth Options, in Professor Brian Silverman (ed.) Real Options Theory. Advances in Strategic Management, 24, 459-484 en_US
dc.digSpecs PDF/A-1b en_US
dc.format.mediaType application/pdf en_US
dc.rightsHolder Emerald Group Publishing Limited

Files in this item

This item appears in the following Collection(s)

Show simple item record