... smaller isolated markets, similar to Australia, could be considered. Originality/value The use of international corporate acquisitions data, from Australia, supports both Competitive Advantage Theory and Market Driven Acquisitions Theory. There is little evidence to suggest that Cheap Capital...

...Richard J. Kish; Wenlong Weng Purpose This article proposes an evaluation of capital investments that accounts for not only the initial assets, but also any potential growth options. Design/methodology/approach Using a piecewise linear approximation, a robust valuation technique...