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Real Options and Expanded Net Present Value

Patrick L. Anderson

in The Economics of Business Valuation: Towards a Value Functional Approach

Published in print:
2013
Published Online:
September 2013
ISBN:
9780804758307
eISBN:
9780804783224
Item type:
chapter
Publisher:
Stanford University Press
DOI:
10.11126/stanford/9780804758307.003.0012
Subject:
Economics and Finance, Financial Economics

This chapter demonstrates the importance of management flexibility regarding the timing, scale, and type of investments, which is the basis for the study of “real options.” The chapter describes an ... More


The Failure of the Neoclassical Investment Rule

Patrick L. Anderson

in The Economics of Business Valuation: Towards a Value Functional Approach

Published in print:
2013
Published Online:
September 2013
ISBN:
9780804758307
eISBN:
9780804783224
Item type:
chapter
Publisher:
Stanford University Press
DOI:
10.11126/stanford/9780804758307.003.0003
Subject:
Economics and Finance, Financial Economics

This chapter presents telling evidence that the value of a firm is not the net present value of its expected profits. This is a provocative statement, and deserves careful support: the notion that ... More


The Economic Value of Educational Reform

Eric A. Hanushek and Ludger Woessmann

in The Knowledge Capital of Nations: Education and the Economics of Growth

Published in print:
2015
Published Online:
September 2015
ISBN:
9780262029179
eISBN:
9780262329170
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262029179.003.0007
Subject:
Economics and Finance, Development, Growth, and Environmental

The prior chapters emphasize that cognitive skills have strong effects on long-run economic growth – but do not tell directly the economic value of any improvements in educational outcomes. This ... More


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