Strategy, Value and Risk: The Real Options Approach

Hardcover | October 15, 2009

byJamie Rogers

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Updated and revised, this second edition applies advanced financial analytics within a strategic framework that recognizes an environment where sustainable competitive advantage is a progressively more difficult task. Real options offer the link to value and the strategic opportunities that lie in an increasingly dynamic landscape.

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From the Publisher

Updated and revised, this second edition applies advanced financial analytics within a strategic framework that recognizes an environment where sustainable competitive advantage is a progressively more difficult task. Real options offer the link to value and the strategic opportunities that lie in an increasingly dynamic landscape.

JAMIE ROGERS is an Executive Director at The Weston Group, a merchant bank based in New York, USA. He has extensive experience in a range of areas that include valuation and risk management in the financial, energy and commodity markets, corporate finance and derivatives.

other books by Jamie Rogers

Format:HardcoverDimensions:208 pages, 9.59 × 6.35 × 0.79 inPublished:October 15, 2009Publisher:Palgrave MacmillanLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0230577377

ISBN - 13:9780230577374

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Extra Content

Table of Contents

List of Figures and Tables
Preface
Acknowledgements
Introduction
PART I THE EVOLUTION OF STRATEGY, VALUE AND MEASURING RISK
Strategy: From Corporate Planning to Shareholder Value
Valuation
Investment Risk
Five Shareholder Value Case Studies
PART II DEVELOPMENTS IN STRATEGY, VALUE AND RISK MANAGEMENT
Developments in Strategy
Real Options
Firm Value
Risk Management
PART III QUANTIFYING REAL OPTIONS 59
Derivatives
Data Analysis
Option Pricing Methods
Implementing Real Options
PART IV REAL OPTIONS CASE STUDIES AND PRACTICAL IMPLICATIONS
Seven Strategic Real Options Case Studies
Conclusion and Practical Implications
References
Index


Editorial Reviews

"The idea that options exist in almost every decision scenario is intuitively sensible. What we need to do is recognize them, assess their value and include that value in the decision making process. This concise book effectively gets those two basic ideas over in a manner that can be understood by even the most mathematically-challenges executives." - Maria Barbera, Innovations E-newsletter   "For the reader looking for a clear and concise introduction to real options, this book hits the spot. While the focus is on real options analysis, Rogers provides a pleasing blend of financial engineering, modern finance, and accounting-based valuation, all with the view of understanding the value from strategies and all under the eye of an informed, experienced practitioner." - Stephen H. Penman, George O. May Professor of Accounting, Columbia Business School, New York, USA   "Real option theory represents an innovative approach to valuation. This book does a sound job of blending theory and practice. The inclusion of case studies is useful. The addition of material on corporate finance theory and financial statement in the Second Edition enhances the utility of the book." - Satyajit Das, Risk Consultant and Author   "Jamie Rogers' compact treatment of real options invites managers to learn the field by studying its stories and successes, with just enough theory to demonstrate the rigor of thought beyond the case studies. No manager can fully understand modern strategy and valuation without some knowledge of real options, and this book provides a strong starting point." - David C. Shimko, Chief Risk Officer, NewOak Capital, New York, USA