Essays on Corporate Valuation under Uncertainty

Inhaltsverzeichnis (Table of Contents)

• Introduction
• Valuation Under Uncertainty: A Review of the Literature
• Valuation of Firms Under Uncertainty
• Real Options Approach
• The Risk-Neutral Valuation Approach
• The Risk-Adjusted Valuation Approach
• Valuation with Stochastic Interest Rates
• Valuation with Stochastic Investment Opportunities
• Valuation with Incomplete Information
• Conclusion

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This dissertation aims to contribute to the existing literature on corporate valuation under uncertainty. It examines various approaches to valuation in the presence of uncertainty, including real options, risk-neutral valuation, risk-adjusted valuation, and valuation with stochastic interest rates and investment opportunities. The work also explores the impact of incomplete information on valuation.

• Corporate Valuation Under Uncertainty
• Real Options Analysis
• Risk-Neutral Valuation
• Risk-Adjusted Valuation
• Incomplete Information

Zusammenfassung der Kapitel (Chapter Summaries)

The dissertation begins with an introduction that outlines the research problem and the objectives of the study. The second chapter provides a comprehensive review of the existing literature on corporate valuation under uncertainty, highlighting the different approaches and their strengths and weaknesses. The third chapter focuses on the valuation of firms under uncertainty, examining the real options approach, the risk-neutral valuation approach, the risk-adjusted valuation approach, and valuation with stochastic interest rates and investment opportunities. The fourth chapter investigates the impact of incomplete information on valuation, exploring the role of information asymmetry and its implications for decision-making.

Schlüsselwörter (Keywords)

The core concepts and keywords of this dissertation include corporate valuation, uncertainty, real options, risk-neutral valuation, risk-adjusted valuation, stochastic interest rates, stochastic investment opportunities, incomplete information, information asymmetry, and decision-making.