USING OF REAL OPTIONS IN PROJECT FINANCING WITH LEASED ASSETS
Abstract
In the conditions of the growing competition and growth of number of ahead of schedule terminated leasing transactions lessors need to predict correctly the probable financial risks connected with uncertain behavior of all participants of the project. The built-in real options can provide this protection against financial risks to the leasing companies. The present study examines the applicability of main types of real options in project financing with leased assets, as well as conditions imposed on the leased assets and the project itself. This article describes particularities of real option valuation if underlying asset is a leased asset. This article includes analysis of leased assets residual value predictability and presents ways how to estimate it correctly.
About the Author
N. I. Nesterova
NRU „Higher school of economics”; PJSC „Sberbank of Russia”, Moscow
Russian Federation
Russian Federation
Graduate Student, Department of stock market and investment market
senior specialist in credit risk department
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Review
For citations:
Nesterova N.I. USING OF REAL OPTIONS IN PROJECT FINANCING WITH LEASED ASSETS. Finance: Theory and Practice. 2015;(6):179-184. (In Russ.)
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