... superstar players based on a combination of real option valuations, incorporating the players' life cycles and game theory. Findings The authors find that in a large percentage (70%) of the analysed cases, the price paid was higher than the intrinsic market value resulting from Transfermarkt, implying...

... Real option G14 G33 Corporate bankruptcy has been researched by scholars and practitioners since the 1960s following the seminal works of Modigliani and Miller (1958, 1963) that established the capital structure irrelevancy theory. A key assumption of this theory is that firms...