Kapitalwertorientierte Bewertungsverfahren, internationale Rechnungslegung, Entscheidungsnützlichkeit, Zweitwertbilanzierung, Corporate Finance, immaterielle Vermögenswerte, Monte-Carlo-Simulation, Wechselkursprognose. - Income approach for valuation, international financial reporting...

Green technological progress bears a strong potential to alleviate climate change, but its utilization is contingent on factors which are by nature impossible to anticipate or predict. Developing stochastic optimisation models, we explore how the decision to invest in research and development...

The impact of uncertainty on firms' investment outlays is subject to an ongoing debate. Theory identifies several channels. Irreversibility, financing constraints and risk aversion make a negative relationship between uncertainty and investment likely. On the other hand, the ability of firms to...