Investment timing in African private equity: A real options analysis

dc.contributor.author	Achacha, Linda Yunia
dc.date.accessioned	2022-02-07T16:43:45Z
dc.date.available	2022-02-07T16:43:45Z
dc.date.issued	2021
dc.description	Submitted in fulfilment of the requirements for the Bachelor of Business Science in Finance Degree at Strathmore University	en_US
dc.description.abstract	This paper modifies the standard binomial option pricing approach to real options analysis so as to incorporate exogenous volatility. Real options allow a manager to gather information about a potential investment payoff prior to investment occurring . The focal point of this paper is to uncover the value that deferral options have in regard to investment decisions and to determine the optimal investment timing given macroeconomic conditions. The results show that enhanced value is yielded by deferral options in instances of higher exogenous volatility and that the most optimal investment outcomes are achievable when there is higher volatility which is proven by the complete elimination of downward movement investment loss.	en_US
dc.identifier.uri	http://hdl.handle.net/11071/12625
dc.language.iso	en	en_US
dc.publisher	Strathmore University	en_US
dc.title	Investment timing in African private equity: A real options analysis	en_US
dc.type	Undergraduate Project	en_US

Now showing 1 - 1 of 1

Name:: Investment timing in African private equity A real options analysis.pdf
Size:: 9.06 MB
Format:: Adobe Portable Document Format
Description:

Now showing 1 - 1 of 1