• A
  • A
  • A
  • ABC
  • ABC
  • ABC
  • А
  • А
  • А
  • А
  • А
Regular version of the site
National Research University Higher School of EconomicsStudent ThesesEvaluation of the company's strategic investments using real options.

Student
Title
Supervisor
Faculty
Educational Programme
Final Grade
Year of Graduation
Yana Bulgakova
Evaluation of the company's strategic investments using real options.
Finance
(Master’s programme)
7
2016
The investments are of strategic importance to most companies, because the sustainable development of a company in the long run depends on the success of investment implementation. Often these projects are rejected because they are valued using traditional approaches to evaluating the effectiveness of investment projects, that do not take into account the active role of project management after the decision on the beginning of project implementation, in addition, they do not allow to take into account the fact that the strategic investment projects not only bring direct economic benefits, but also new investment opportunities.

To solve this problem, in the paper it proposed the use of real options to evaluate the effectiveness of strategic investment projects. Real options allow taking into account these shortcomings, as well as reducing the risks associated with the implementation of the strategic project.

Student Theses at HSE must be completed in accordance with the University Rules and regulations specified by each educational programme.

Summaries of all theses must be published and made freely available on the HSE website.

The full text of a thesis can be published in open access on the HSE website only if the authoring student (copyright holder) agrees, or, if the thesis was written by a team of students, if all the co-authors (copyright holders) agree. After a thesis is published on the HSE website, it obtains the status of an online publication.

Student theses are objects of copyright and their use is subject to limitations in accordance with the Russian Federation’s law on intellectual property.

In the event that a thesis is quoted or otherwise used, reference to the author’s name and the source of quotation is required.

Search all student theses