Hüttel, Silke; Mußhoff, Oliver; Odening, Martin; … - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2008
inaction caused by sunk costs. The second, the neo-institutional finance theory, emphasises capital market imperfections and … approach, focuses on irreversibility and uncertainty in perfect capital markets; of particular interest is the range of … to prove these imperfections and thus do not account for the range of inaction caused by irreversibility. In this study …