Gabler Edition Wissenschaft

Real Option Valuation in Service Industries

Authors: Müller, Jürgen

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eBook $54.99
price for USA in USD (gross)
  • ISBN 978-3-322-99299-4
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $69.99
price for USA in USD
  • ISBN 978-3-8244-7138-6
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

Uncertainty is the greatest risk management faces, but it also provides enormous opportunities for value creation. Basing strategic decisions on theoretically rigorous analysis is therefore vital to long-term corporate success in an uncertain and changing marketplace. The real option approach is the tool to integrate the values of flexibility and uncertainty into capital budgeting. Jürgen Müller applies the real option approach to service industries, in this case to retail banking; he provides empirical support for the approach and simplifies the applicability of real option concepts in corporate practice. Based on a case study of the Polish retail banking market, the author develops and illustrates a simplified approach to real option valuation based on the binomial option pricing model.

About the authors

Dr. Jürgen Müller wrote his doctoral thesis in business administration while doing research at the finance department of the University of Trier. He is presently working as a consultant for McKinsey&Company Inc., Frankfurt/Main, focussing on financial institutions and corporate finance topics.

Table of contents (5 chapters)

  • Introduction

    Müller, Jürgen

    Pages 1-9

  • Retail Banking in an emerging market: The case of Poland

    Müller, Jürgen

    Pages 11-36

  • The evaluation of capital investment decisions

    Müller, Jürgen

    Pages 37-106

  • Applying real option valuation to a retail banking startup in Poland

    Müller, Jürgen

    Pages 107-218

  • Critical review and outlook

    Müller, Jürgen

    Pages 219-221

Buy this book

eBook $54.99
price for USA in USD (gross)
  • ISBN 978-3-322-99299-4
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $69.99
price for USA in USD
  • ISBN 978-3-8244-7138-6
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Real Option Valuation in Service Industries
Authors
Series Title
Gabler Edition Wissenschaft
Copyright
2000
Publisher
Deutscher Universitätsverlag
Copyright Holder
Springer Fachmedien Wiesbaden
eBook ISBN
978-3-322-99299-4
DOI
10.1007/978-3-322-99299-4
Softcover ISBN
978-3-8244-7138-6
Edition Number
1
Number of Pages
XXV, 267
Number of Illustrations and Tables
5 b/w illustrations
Topics