{"id":47232,"date":"2022-07-18T15:26:27","date_gmt":"2022-07-18T14:26:27","guid":{"rendered":"https:\/\/www.istegroup.com\/?post_type=product&#038;p=47232"},"modified":"2024-01-03T13:45:59","modified_gmt":"2024-01-03T13:45:59","slug":"evaluation-de-la-structure-de-passif-par-les-options-reelles","status":"publish","type":"product","link":"https:\/\/www.istegroup.com\/fr\/produit\/evaluation-de-la-structure-de-passif-par-les-options-reelles\/","title":{"rendered":"\u00c9valuation de la structure de passif par les options r\u00e9elles"},"content":{"rendered":"<p>La valorisation de la structure de passif peut \u00eatre appr\u00e9hend\u00e9e au regard des options r\u00e9elles, dans la mesure o\u00f9 les actions d\u2019une soci\u00e9t\u00e9 peuvent \u00eatre consid\u00e9r\u00e9es comme analogues \u00e0 l\u2019achat d\u2019une option financi\u00e8re d\u2019achat. Dans cette optique, la dette peut \u00eatre assimil\u00e9e \u00e0 la vente d\u2019une option de vente. Ainsi, les analystes financiers peuvent r\u00e9partir autrement la valeur d\u2019entreprise entre ces deux modes de financement.<\/p>\n<p><em>\u00c9valuation de la structure de passif par les options r\u00e9elles<\/em> expose en quoi la m\u00e9thode innovante des options r\u00e9elles est compl\u00e9mentaire des m\u00e9thodes traditionnelles. En effet, celle-ci est particuli\u00e8rement adapt\u00e9e pour valoriser des entreprises appartenant \u00e0 des secteurs d\u2019activit\u00e9 o\u00f9 la volatilit\u00e9 d\u2019un sousjacent est importante comme les industries mini\u00e8res ou p\u00e9troli\u00e8res ou l\u2019industrie pharmaceutique dont les d\u00e9penses en recherche et d\u00e9veloppement sont cons\u00e9quentes. L\u2019int\u00e9gration de la valeur \u00e9conomique de la dette nette \u2013 et non plus comptable \u2013 et de la volatilit\u00e9 des actifs est la principale plus-value de cette approche.<\/p>","protected":false},"excerpt":{"rendered":"<p>La valorisation de la structure de passif peut \u00eatre appr\u00e9hend\u00e9e au regard des options r\u00e9elles, dans la mesure o\u00f9 les actions d\u2019une soci\u00e9t\u00e9 peuvent \u00eatre consid\u00e9r\u00e9es comme analogues \u00e0 l\u2019achat d\u2019une option financi\u00e8re d\u2019achat. Dans cette optique, la dette peut \u00eatre assimil\u00e9e \u00e0 la vente d\u2019une option de vente. Ainsi, les analystes financiers peuvent r\u00e9partir [&hellip;]<\/p>\n","protected":false},"featured_media":47241,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"product_brand":[],"product_cat":[670],"product_tag":[],"class_list":{"0":"post-47232","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-innovation-entrepreneuriat-et-gestion-11041751","8":"first","9":"instock","10":"shipping-taxable","11":"purchasable","12":"product-type-variable"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u00c9valuation de la structure de passif par les options r\u00e9elles - ISTE Group<\/title>\n<meta name=\"description\" content=\"\u00c9valuation de la structure de passif par les options r\u00e9elles expose en quoi la m\u00e9thode innovante des options r\u00e9elles est compl\u00e9mentaire des m\u00e9thodes traditionnelles.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.istegroup.com\/en\/produit\/evaluation-de-la-structure-de-passif-par-les-options-reelles\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u00c9valuation de la structure de passif par les options r\u00e9elles - 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