Time to build, option value, and investment decisions
نویسندگان
چکیده
منابع مشابه
Sequential Investment and Time to Build
Real world investment decisions are generally made sequentially over time. The possibility of subsequent decisions like suspending a project must be considered when an initial investment decision is made. This seems to be particularly important in the case of investments, which take a long 'time to build'. This paper analyzes the impact of lags between the initial investment decision and the co...
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ژورنال
عنوان ژورنال: Journal of Financial Economics
سال: 1987
ISSN: 0304-405X
DOI: 10.1016/0304-405x(87)90059-6