Тип публикации: статья из журнала
Год издания: 2009
Ключевые слова: strategic management, corporate strategies, competitive strategies, management effectiveness of corporation, company's capitalization, real option, the Binominal Option Pricing Model, binominal lattices, Portfolio Replication Method, Black-Scholes model, Monte Carlo method
Аннотация: In the given article the approaches to the core of strategic management of company are showed, the role and meaning of various indexes for estimation of corporate strategies effectiveness are analyzed. On the basis of characteristic of modern conceptions about management effectiveness of corporation the interconnection of corporatiПоказать полностьюons strategies with method of real option valuation is revealed, the objective necessity to use this method is disclosed with the aim of increasing the companys valuation and effectiveness of individual project. The nature of adequate estimation of option value is shown. Though the scientific activity in the given area is very active, there is no method of valuation, which can give precisely the quantitative formula of management decisions, built on the base of real options. For valuation of real options the three main methods are in usage, they are: the Binominal Option Pricing Model, the Black-Scholes Model and the Monte Carlo Method. In the given article the following is presented: the core of the approaches, their benefits and drawbacks and the picture of calculation of Real Option price. In the Conclusion part the resume and recommendations are submitted those of choosing this or that method of valuation.
Журнал: Журнал Сибирского федерального университета. Серия: Гуманитарные науки
Выпуск журнала: Т. 2, № 2
Номера страниц: 267-279
ISSN журнала: 19971370
Место издания: Красноярск
Издатель: Федеральное государственное автономное образовательное учреждение высшего образования Сибирский федеральный университет