Avaliação de projetos de desenvolvimento de shopping centers: através da teoria de opções reais
This work develops an evaluation of a shopping center through the traditional model of iscounted cash flow and, alternatively, through the model of real options. The objective is to analyze the main differences between these two models. The results show that the use of real options is able to measur...
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| Tipo de recurso: | tesis de maestría |
| Estado: | Versión publicada |
| Fecha de publicación: | 2009 |
| País: | Brasil |
| Institución: | Fundação Getulio Vargas (FGV) |
| Repositorio: | Repositório Institucional do FGV (FGV Repositório Digital) |
| Idioma: | portugués |
| OAI Identifier: | oai:repositorio.fgv.br:10438/6541 |
| Acceso en línea: | https://hdl.handle.net/10438/6541 |
| Access Level: | acceso abierto |
| Palabra clave: | Real options Shopping center Abandonment options Expansion option Opções reais Opção de abandono Opção de expansão Economia Projetos de desenvolvimento - Avaliação - Estudo de casos Mercado de opções Fluxo de caixa |
| Sumario: | This work develops an evaluation of a shopping center through the traditional model of iscounted cash flow and, alternatively, through the model of real options. The objective is to analyze the main differences between these two models. The results show that the use of real options is able to measure the flexibilities that may exist in a project. The results obtained by the two methods have significant differences, which can reach more than 10% of the value or the project. |
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