Strategic implications of valuation methods

dc.contributor.authorAlessandri, Todd M.
dc.contributor.authorLander, Diane M.
dc.contributor.authorBettis, Richard A.
dc.date.accessioned2011-01-27T14:45:43Z
dc.date.available2011-01-27T14:45:43Z
dc.date.issued2003
dc.descriptionAuthor's Original
dc.description.abstractStrategy 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.description.bibliographicCitationAlessandri, 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, 459-484en_US
dc.digSpecsPDF/A-1ben_US
dc.format.extent648810 bytesen_US
dc.format.mediaTypeapplication/pdfen_US
dc.identifier.urihttps://hdl.handle.net/10474/1672
dc.language.isoen_USen_US
dc.publisherSouthern New Hampshire Universityen_US
dc.relation.hasversiondoi: 10.1016/S0742-3322(07)24017-3en_US
dc.relation.requiresAdobe Acrobat Readeren_US
dc.rightsEmerald Group Publishing Limited retains all ownership rights. Further reproduction in violation of copyright is prohibiteden_US
dc.rightsHolderEmerald Group Publishing Limited
dc.subject.othergrowth optionsen_US
dc.subject.otherfinancial theoryen_US
dc.subject.othervaluationen_US
dc.subject.othergrowth options
dc.subject.othervaluation
dc.subject.otherfinancial theory
dc.titleStrategic implications of valuation methodsen_US
dc.typeWorking Paperen_US
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