Implementation lag and the investment decision

The effect of implementation lag on investment trigger depends on project reversibility and growth rate. Conventional results (that longer lag and greater uncertainty raise investment trigger) are overturned if the project is sufficiently reversible and/or has a high enough growth rate.

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Year of publication:	2013
Authors:	Sarkar, Sudipto ; Zhang, Chuanqian
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 119.2013, 2, p. 136-140
Publisher:	Elsevier
Subject:	Investment trigger \| Real option \| Investment lag \| Reversibility

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Type of publication:	Article
Classification:	G3 - Corporate Finance and Governance
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010664154