Real options approach to valuation of fuel cell companies.
This paper develops a growth option model for the valuation of a part of the business of Ballard Power Systems, a leading fuel cell company. It is modeled as a compound growth option, and an explanation is provided for the difference in valuation arrived at by using the dynamic discounting cash flow...
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| Format: | Thesis |
| Language: | English |
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2008
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| Online Access: | http://hdl.handle.net/10356/7659 |
| Summary: | This paper develops a growth option model for the valuation of a part of the business of Ballard Power Systems, a leading fuel cell company. It is modeled as a compound growth option, and an explanation is provided for the difference in valuation arrived at by using the dynamic discounting cash flow method. |
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