Real options theory suggests that managerial flexibility embedded within irreversible investments can account for a significant value in project valuation. Although the argument has become the dominant focus of capital investment theory over decades, yet recent survey literature in capital budgeting indicates that corporate practitioners still do not explicitly apply real options in investment ...

This paper investigates irreversible investment with financial constraints by comparing two approaches based on Tobin's q and the real options theories. The paper examines capital investment in two distinct periods. Tobin's q approach shows different results between the two periods. However, the real options approach yields estimates which are similar for the two periods and compatible with the...

this paper evaluates the real exchange rate fluctuations and uncertainties resulting from it, in the iranian economy. for this purpose, at first indirect effect of real exchange rate uncertainties on economic growth through foreign investment, private investment and exports are expressed, then the real exchange rate uncertainties and its relationship with economic growth and final pattern of in...

Keywords: Capital asset pricing model (Capm) Capital asset pricing theory Finance theory Hedonic pricing Portfolio theory Residential rental real estate investment (RRREI) Security market line Systematic/unsystematic risk

This paper examines price level determination from the perspective of portfolio choice. Arbitrages among money balances, bonds, and investment goods determine their relative demands. Returns to real balance holdings and after-tax returns to investment goods determine the relative values of nominal and real assets. Because expectations of government policies ultimately determine the expected ret...

this research aims to develop a theory of talent management. the research method is qualitative based on grounded theory. data were gathered in investment market as theoric sampling and 16 interviews were done by managers of investment market. the results of open, axial and selective coding lead to develop dual-core hr architecture theory. based on this theory, organizations should differentiat...

Many information resource managers have learned to be proactive in today’s highly competitive business environment. However, limited financial resources and many uncertainties require them to maximize their shareholders’ equity while controlling the risks incurred at an acceptable level. As the unprecedented development in information technology continuously produces great opportunities that ar...

The main aim of this study is to investigate the impact of real interest rate on investment level in Jordan over the period (19902005). A cointegration analysis with three variables (investment level, real interest rate, and income level) is employed. Two unit root tests (Phillips-Perron test and Augmented DickeyFuller test) have been exploited to check the integration order of the variables. T...