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 | | Real Options and Option-Embedded Securities by William T. Moore ISBN-10: 9780471216599 ISBN-10: 0-471-21659-3 ISBN-13: 9780471216599 ISBN-13: 978-0-471-21659-9 Hardcover 2001-10 Wiley Find Lowest Price |
Editorials | ||
Product Description Praise for Real Options and Option-Embedded Securities "Whether you are deciding which capital projects to undertake, determining how to finance those projects, or managing and controlling risks arising from your investment and financing decisions, you confront options within the modern firm. Real Options and Option-Embedded Securities is noteworthy in that it offers a comprehensive treatment of pricing and strategic applications of options throughout the firm. This includes designing and valuing option-embedded securities issues, accounting for flexibility in capital project analysis, and employing options within a firm's risk management program. This book should prove quite useful to practicing financial managers and business students alike."-Clifford W. Smith Jr., Louise and Henry Epstein Professor, University of Rochester "In this uncertain and fast-changing economic environment, corporations and consultants draw heavily on the concept of real options to quantify and direct strategy. For instance, we value start-up ventures as options, and Real Options and Option-Embedded Securities provides a detailed guide to identifying and valuing options such as these. My only complaint about the book is that it wasn't available when I studied options in my MBA program! Nicely done. I highly recommend it."-Anton Griessner, Senior Consultant, Deloitte Consulting "This book accomplishes two things I didn't think possible. It presents a comprehensive yet understandable treatment of the challenging field of option pricing, and it offers a unified approach to the use of options in solving problems in corporate finance. The book delivers! I heartily recommend it to practitioners and students of modern finance."-Darla Moore, President, Rainwater, Inc. www.wileyfinance.com | ||
Reviews | ||
Not Worth the Read I have read several real options books, and this is by far the worst. I would suggest reading Tom Copeland's book if you want a more applied discussion or Lenos Trigeorgis if you want a more theoretical discusison. In fact, Moore (the author) doesn't even really get to real options until ten or so chapters into the book. Theere is too much preliminary stuff that talks about derivatives and financial option strategies, which one does not expect from a real options book. I basically just flipped through the pages and read the interesting paragraphs. I was done in a half hour. Most of the other stuff I already knew from reading other derivatives texts | ||
the best book on real options that I have read This book was thorough and comprehensive in its discussion of real options while remaining understandable. The real world examples, stories, and graphs helped increase my comprehension. I was most impressed by the author's detailed explanations of how options can be strategically used in corporate risk management. The chapters on valuation, modern option pricing, and capital investment decisions were excellent as well. Hands down the best book on real options that I have read. | ||