The Use of Real Options in Biotechnology Capital Budgeting: Theory and Practice
This paper examines the theoretical applicability and empirical rates of use for real options valuation and planning techniques. In theory, real options are the best valuation and planning tool for a biotechnology start-up, primarily due to the staged nature of investments and the discrete changes i...
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| Format: | Others |
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Scholarship @ Claremont
2012
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| Online Access: | http://scholarship.claremont.edu/cmc_theses/523 http://scholarship.claremont.edu/cgi/viewcontent.cgi?article=1510&context=cmc_theses |