TY  - JOUR 
TI  - Valuación de opciones simples y complejas contenidas en arrendamientos financieros
PB  - Universidad Icesi
PY  - 2016
issn 01235923
AB  - The value of leasing agreements is a function of the present value of the payments plus the operative
real options. The equivalent loan method (ELM), widely applied in leasing valuation, fails because it does
not incorporate the options embedded in the contract. The paper proposes a model of valuation that
combines the ELM and the binomial approach for valuing real options. The mathematical approach and
its application for simple (purchase, early cancellation; roll over) and compound options (venture leasing;
percentage leasing; deferred payment; deferred payment and purchase); showing the model’s ability to
calculate the current expanded value of the contract, such as the sum of the payment of the present value
and operative options.
KW  - Producción intelectual registrada - Universidad Icesi
KW  - Arrendamiento
KW  - Contratos de arrendamiento
KW  - Valor económico
KW  - Compra
UR  - http://www.icesi.edu.co/revistas/index.php/estudios_gerenciales/article/view/2189
ER  -