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| Campo DC | Valor | Lengua/Idioma |
|---|---|---|
| dc.provenance | Universidad Nacional del Sur | - |
| dc.creator | Milanesi, Gastón S. | - |
| dc.creator | Pesce, Gabriela | - |
| dc.creator | El Alabi, Emilio | - |
| dc.date | 2018-07-06T21:08:07Z | - |
| dc.date | 2018-07-06T21:08:07Z | - |
| dc.date.accessioned | 2019-07-01T16:14:24Z | - |
| dc.date.available | 2019-07-01T16:14:24Z | - |
| dc.date.issued | 2015 | - |
| dc.identifier | http://repositoriodigital.uns.edu.ar/handle/123456789/4262 | - |
| dc.identifier.uri | http://rodna.bn.gov.ar/jspui/handle/bnmm/327974 | - |
| dc.description | This paper proposes a fuzzy binomial valuation model to estimate leveraged firm value while conditioning its continuity or liquidation in cash flow generation after taxes to attend debt payments. It includes two triangular fuzzy variables. Thus, we incorporate ambiguity in the firm valuation process characterized by uncertainty in projections of both growth and financial costs. Our proposed model is presented, developed, and exemplified through a case results complement both the DCF (under the adjusted present value) and the traditional real option binomial method. This occurs because, in one hand, DCF method assumes decisions’ irreversibility and operating firms’ situation. On the other hand, traditional binomial model weakens previous restrictions but does not incorporate ambiguous variables in the analysis. Hence, fuzzy logic applied to option models allows us to complement probabilistic valuation approach working on a frame of possibilities. | - |
| dc.format | application/pdf | - |
| dc.format | 21 págs. | - |
| dc.language | eng | - |
| dc.publisher | Macrothink Institute. | - |
| dc.rights | Atribución – No Comercial – Sin Obra Derivada (BY-NC-ND) No se permite un uso comercial de la obra original ni la generación de obras derivadas. Esta licencia no es una licencia libre, y es la más cercana al derecho de autor tradicional. | - |
| dc.rights | https://creativecommons.org/licenses/by-nc-nd/2.5/ | - |
| dc.source.uri | http://repositoriodigital.uns.edu.ar/handle/123456789/4262 | - |
| dc.subject | Firm valuation | - |
| dc.subject | Fuzzy sets | - |
| dc.subject | Binomial model | - |
| dc.subject | Uncertainty | - |
| dc.subject | Adjust present value | - |
| dc.subject | Debt effects | - |
| dc.title | Continuity or liquidation in situations of ambiguity: fuzzy binomial model to valuate leveraged firms | - |
| Aparece en las colecciones: | Universidad Nacional del Sur - Dep. de Ciencias de la Administración | |
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