BOTTERON, Pascal; CASANOVA, Jean-François - Swiss Finance Institute - 2003
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Keywords: real options, staged investments, structured products, embedded options.
JEL classification: G12, G30, G31, G32 … options. Real options have been initially used to price natural
resource investments such as gold mine, oil leases and more …
valuation of start-ups considered as a portfolio of real options.
The objective of this research is to show a new facet of …