Hachicha, Sameh; Kaaniche, Leila; Abid, Fathi - In: Agricultural Finance Review 71 (2011) July, pp. 240-258
growth option). The project valuation is based, first on actual data at the time of the initial decision and second the … can deteriorate the follow-on project value by as much as 53 percent. The implicit growth option falls to only 27 percent …