A Real Option Approach to the Comprehensive Analysis of Bank Consolidation Values

Analytical solution of the Schwartz-Moon growth option model revisited

“…The framework of the present paper is based on the one presented in Owoloko [1], Schwartz and Moon [2] and a special case of Chang et al in [3]. The assumptions of the model proposed in [2] which also applies in [3] were enumerated in [1].…”

“…The framework of the present paper is based on the one presented in Owoloko [1], Schwartz and Moon [2] and a special case of Chang et al in [3]. The assumptions of the model proposed in [2] which also applies in [3] were enumerated in [1]. As stated in [1], the models in [2,4], and those previously reported in literatures: [5], [6] and [7], where the model have been used, a discrete version of the continuous-time process is used to simulate the value of a company.…”

A Contingent Claim Approach to Bank Valuation

“…In order for banks to successfully carry out these operational concerns, there is the need to continually value them. We adopt in this study the ([11] [12]) model with some modifications as in [13]. The valuation model adopted in this study takes care of the non-cash items (depreciation, accumulated property, plant and equipment and amortization) which are excluded in [2].…”