Evaluation of Corporative Value in Case of Insecurity: Determinants and Models

Georgi Lachov

Economic Thought journal, 2008, issue 2, 89-106

Abstract: Examined are the determinants and models for evaluation of corporative value in case of insecurity. Supported is the opinion that determinants of corporative value are the expected returns of the possessed assets and of future investment opportunities which are evaluated with the relevant traditional models of discounted money flows and with the models of real options. Endorsed is the leading role of management flexibility which allows management in acquiring new information the usage of potential to increase the returns and to restrain the risks of decrease of corporative value. Analyzed are the real options as instruments for revealing of the wide corporative value in case of insecurity.

JEL-codes: G31 G32 (search for similar items in EconPapers)
Date: 2008
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