THE RUSSIAN MODEL OF THE REAL OPTIONS METHOD |
| 2 | |
| 2012 |
| ECONOMIC SCIENCES |
| scientific article | 333 (470+571) | ||
| 238-243 | real option, investment, high risk, assessment of options, binomial model |
| The method of real options is adapted to the conditions of high-risk Russian economy. It is shown that the Black-Scholes model to estimate the real options is not applicable in Russia. Therefore, we use the binomial model modified for high-risk conditions. This modified model also allows us to track the points favorable for early exercise of real options. |
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