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Economic and Business Management
book

Economic and Business Management

by Xiaoxia Huang, Feng Zhang
March 2022
Intermediate to advanced content levelIntermediate to advanced
294 pages
16h 47m
English
CRC Press
Content preview from Economic and Business Management

Real options, firm valuation, and corporate information environment

Yanping Bao

School of Business, Macau University of Science and Technology, Macau, China

Chongqing Finance and Economics College, Chongqing, China

Chan Lyu

School of Business, Macau University of Science and Technology, Macau, China

DOI: 10.1201/9781003203704-8

ABSTRACT: This paper uses the real options model to evaluate the firm value of Chinese A-share listed firms. We find that the value based on the real options model is closed to the intrinsic value of the enterprise, and can explain the variance of stock returns. We further analyze the influence of the corporate information environment on the correlation of real option value, and find that less agency conflict is beneficial ...

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Publisher Resources

ISBN: 9781000581621