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Оценка справедливой стоимости активов с использованием метода реальных опционов

https://doi.org/10.26794/2308-944X-2020-8-2-43-76

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Аннотация

Целью данной работы является анализ и систематизация возможных подходов к оценке реальных опционов, особенно при рассмотрении практических аспектов их применения в реальных оценочных задачах. Объектом исследования являются модели ценообразования опционов, а предметом — их применение при оценке реальных опционов, заложенных в корпоративные оценки, особенно с учетом побочных эффектов.
В статье делается попытка:
— сформулировать понятие справедливой стоимости и проанализировать традиционные подходы к ее расчету в контексте оценки активов;
— определить реальный опционный подход к оценке справедливой стоимости и проанализировать его теоретические предпосылки;
— определить роль подхода к реальным опционам в традиционной системе методов оценки стоимости.
Проанализированы практические аспекты их применения в задачах оценки с учетом соответствующих примеров и приведены реальные примеры применения этой методики в современных рыночных условиях с использованием последних данных.

Об авторе

А. Гулабян
Финансовый университет
Россия

Александр Гулабян - бакалавр экономики факультета международных финансов, Департамент мировой экономики и международных финансов

Москва



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Для цитирования:


Гулабян А. Оценка справедливой стоимости активов с использованием метода реальных опционов. Review of Business and Economics Studies. 2020;8(2):43-76. https://doi.org/10.26794/2308-944X-2020-8-2-43-76

For citation:


Gulabyan A. The Appraisal of Assets’ Fair Value Using the Real Options Technique. Review of Business and Economics Studies. 2020;8(2):43-76. https://doi.org/10.26794/2308-944X-2020-8-2-43-76

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