's investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a … total investment. We also evaluate the reduction in the firm's value due to profit sharing, linking this reduction to the …

persistent decline in investment. Moreover, the territorial dispute has led to persistent pessimism in these firms' expectations … about future sales, which can explain 60% of the overall decline in investment. …

built to analyze the determinants of the use of foreign currency debt and their potential consequences for firm investment … investment. This (lack of) result is interpreted as evidence that firms match liabilities and assets denominated in foreign …

This paper applies real options theory to establish an overseas oil investment evaluation model that is based on Monte … investment, our model has incorporated not only the uncertainties of oil price and investment cost but also the uncertainties of … exchange rate and investment environment. These unique features have enabled our model to be best equipped to evaluate the …