| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5069913 | Finance Research Letters | 2006 | 8 Pages |
Abstract
An analytic valuation formula for two subsequent options to expand is presented, in order to prove some properties of the interactions among multiple options which were pointed out in Trigeorgis [1993. Journal of Financial and Quantitative Analysis 28, 1-20]. Moreover the formula is applied to compare different expansion opportunities, aiming at singling out the preferable managerial strategy.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Rossella Agliardi,