메뉴 건너뛰기




Volumn 46, Issue 1, 2000, Pages 32-39

Valuing a forest as a call option: The sale of forestry corporation of New Zealand

Author keywords

And log price volatility; Black and Scholes formula; Call option pricing; Forest value sensitivity to cost of capital

Indexed keywords


EID: 0033973724     PISSN: 0015749X     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article
Times cited : (17)

References (12)
  • 1
    • 0342360808 scopus 로고
    • How to use the holes in Black-Scholes
    • Chew D.H., Jr. (ed.). McGraw-Hill, New York
    • BLACK, F. 1993. How to use the holes in Black-Scholes. P. 419-425 in The new corporate finance: Where theory meets practice, Chew D.H., Jr. (ed.). McGraw-Hill, New York.
    • (1993) The New Corporate Finance: Where Theory Meets Practice , pp. 419-425
    • Black, F.1
  • 2
    • 85015692260 scopus 로고
    • The pricing of options and corporate liabilities
    • BLACK, F., AND M. SCHOLES. 1973. The pricing of options and corporate liabilities. J. Polit. Econ. 81 (May-June):637-659.
    • (1973) J. Polit. Econ. , vol.81 , Issue.MAY-JUNE , pp. 637-659
    • Black, F.1    Scholes, M.2
  • 3
    • 49249142814 scopus 로고
    • Option pricing: A simplified approach
    • COX, J.C., S.A. ROSS, AND M. RUBINSTEIN. 1979. Option pricing: A simplified approach. J. Financ. Econ. 7 (October):229-263.
    • (1979) J. Financ. Econ. , vol.7 , Issue.OCTOBER , pp. 229-263
    • Cox, J.C.1    Ross, S.A.2    Rubinstein, M.3
  • 4
    • 0000657365 scopus 로고
    • Creating stockholder wealth
    • FISHER, A.B. 1995. Creating stockholder wealth. Fortune 132 (12):63-72.
    • (1995) Fortune , vol.132 , Issue.12 , pp. 63-72
    • Fisher, A.B.1
  • 7
    • 84974221195 scopus 로고
    • The valuation of forestry resources under stochastic prices and inventories
    • MORCK, R., E. SCHWARTZ, AND D. STANGELAND. 1989. The valuation of forestry resources under stochastic prices and inventories. J. Financ. Quant. Anal. 24 (December):473-487.
    • (1989) J. Financ. Quant. Anal. , vol.24 , Issue.DECEMBER , pp. 473-487
    • Morck, R.1    Schwartz, E.2    Stangeland, D.3
  • 8
    • 0032073604 scopus 로고    scopus 로고
    • The optimal timber rotation: An option value approach
    • PLANTINGA, A.J. 1998. The optimal timber rotation: An option value approach. For. Sci. 44 (May): 192-202.
    • (1998) For. Sci. , vol.44 , Issue.MAY , pp. 192-202
    • Plantinga, A.J.1
  • 9
    • 0029789912 scopus 로고    scopus 로고
    • Predicting the present value distribution of a forest plantation investment
    • REED, W.J., AND R.G. HAIGHT. 1996. Predicting the present value distribution of a forest plantation investment. For. Sci. 42 (3):378-388.
    • (1996) For. Sci. , vol.42 , Issue.3 , pp. 378-388
    • Reed, W.J.1    Haight, R.G.2
  • 10
    • 0003553294 scopus 로고    scopus 로고
    • The MIT Press, Cambridge, MA. 427 p.
    • TRIGEORGIS, L. 1996. Real options. The MIT Press, Cambridge, MA. 427 p.
    • (1996) Real Options
    • Trigeorgis, L.1
  • 11
    • 0343230351 scopus 로고
    • Option pricing: Timber and timberland valuation
    • Research Triangle Park, NC. SCFER Working Pap. No. 66. 25 p.
    • ZINKHAN, F.C. 1990. Option pricing: Timber and timberland valuation. Southeast. Cent. for For. Econ. Res., Research Triangle Park, NC. SCFER Working Pap. No. 66. 25 p.
    • (1990) Southeast. Cent. for For. Econ. Res.
    • Zinkhan, F.C.1
  • 12
    • 0028832774 scopus 로고
    • Forest economics: The management of options and values
    • ZINKHAN, F.C. 1995. Forest economics: The management of options and values. J. For. 93(1):25-29.
    • (1995) J. For. , vol.93 , Issue.1 , pp. 25-29
    • Zinkhan, F.C.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.