000			03067nam a22004815i 4500
001			978-3-642-12662-8
003			DE-He213
005			20140220084535.0
007			cr nn 008mamaa
008			100803s2010 gw | s |||| 0|eng d
020			_a9783642126628 _9978-3-642-12662-8
024	7		_a10.1007/978-3-642-12662-8 _2doi
050		4	_aHG1-9999
072		7	_aKCBM _2bicssc
072		7	_aKCLF _2bicssc
072		7	_aBUS027000 _2bisacsh
082	0	4	_a332 _223
100	1		_aSchulmerich, Marcus. _eauthor.
245	1	0	_aReal Options Valuation _h[electronic resource] : _bThe Importance of Interest Rate Modelling in Theory and Practice / _cby Marcus Schulmerich.
264		1	_aBerlin, Heidelberg : _bSpringer Berlin Heidelberg, _c2010.
300			_aXVIII, 389p. 354 illus., 177 illus. in color. _bonline resource.
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
347			_atext file _bPDF _2rda
505	0		_aReal Options in Theory and Practice -- Stochastic Models for the Term Structure of Interest Rates -- Real Options Valuation Tools in Corporate Finance -- Analysis of Various Real Options in Simulations and Backtesting -- Summary and Outlook.
520			_aThis book analyzes real options valuation for non-constant versus constant interest rates using simulations and historical backtesting. It provides a systematic analysis and compares real options valuation using constant interest rates and the implied forward rates with methods that simulate interest rates stochastically. Real options are investigated and combined with various pricing tools and stochastic term structure models. Interest rates for real options valuation are simulated by using stochastic term structure models (Vasicek, Cox-Ingersoll-Ross, Ho-Lee, and Hull-White one-factor and two-factor models) and by using implied forward rates. All necessary theory is provided in the book. The analyses were conducted using a proprietary computer simulation program. All results are explained in detail and rules are derived for application in Corporate Finance practice. The major change in this second edition is the expanded number of tested scenarios. The second edition contains an expanded number of tested scenarios covering the time period of the financial crisis 2008, one of the worst stock market crashes in history. The findings confirm the results provided in the first edition.
650		0	_aEconomics.
650		0	_aFinance.
650		0	_aDistribution (Probability theory).
650		0	_aBanks and banking.
650	1	4	_aEconomics/Management Science.
650	2	4	_aFinancial Economics.
650	2	4	_aFinance /Banking.
650	2	4	_aQuantitative Finance.
650	2	4	_aProbability Theory and Stochastic Processes.
710	2		_aSpringerLink (Online service)
773	0		_tSpringer eBooks
776	0	8	_iPrinted edition: _z9783642126611
856	4	0	_uhttp://dx.doi.org/10.1007/978-3-642-12662-8
912			_aZDB-2-SBE
999			_c112120 _d112120