000			01311naa a2200229uu 4500
001			8971
003			OSt
005			20190211154609.0
008			021204s2005 xx ||||gr |0|| 0 eng d
245	1	0	_aStock market valuation with real options : _blesson from netscape
260			_c2002
520	3		_aDiscounted cash flow is the main tool for valuing projects and companies. Real options techniques can augment valuation. The case of Netscape is used to demonstrate this. We begin with a defensive cash flow scenario. On top of this, we superimpose a number of real options valuations. Some experts would dispute our methodology because it is not built upon market-priced risk. Nonetheless, it provides an approximate valuation. We prefer equity valuation using various methodologies, including real options where appropriate, to arrive at a range of value. But we cannot, using financial logic, justify the high Netscape flotation price
650		4	_aStock Market Valuation _918275
650		4	_aReal Options _917516
650		4	_aVolatility _918276
650		4	_aCompetitive Advantage Period _918277
773	0	8	_tEuropean Management Journal _g20, 5, p. 512-526 _d, 2002 _w
942			_cS
998			_a20021204 _bLucima _cLucimara
998			_a20060609 _b1732^b _cQuiteria
999			_aConvertido do Formato PHL _bPHL2MARC21 1.1 _c9116 _d9116
700			_a
041			_aeng