Financial investment: more difficult to make profit, but easier to abandon than physical investment.
The option to abandon is a put option. The option to wait before investing is a call. Also sometimes doing a project give us the opportunity to go further in a second project. Ex: launching a new software may be followed by a n°2. This is exactly like a call option, and therefore increases the value of the investment.
The theory of efficient markets and its consequences >>
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Corporate finance
The subject: corporate finance
PART ONE: CAPITAL EXPENDITURE
The present value
Investment
decisions
Practical
problems in capital budgeting
Firms evaluation
PART TWO. BASICS OF FINANCE
The financial
markets
Options
The market
efficiency
Risk
Mergers,
Acquisitions, and Corporate Control
International
Financial Management
PART THREE FINANCING DECISIONS
Corporate
financing
Dividend policy
and capital structure
PART FOUR FINANCIAL MANAGEMENT
Financial
planning
Short-term
financial management
Courses created and updated by Dr David Chelly, PhD in Management sciences from the University of Tours.
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