This paper deals with the use of the CAPM for capital budgeting purposes. Four different measures are deductively drawn …

evident changes have occurred: risk-free rates in solid and developed financial markets (e. g. USA, Germany) have fallen, but … due to increased market volatility, the risk premiums have increased. The latter is especially evident in transition …

simulation, real options, decision trees, multicriteria utility function under risk, theory of games and methods of portfolio …Importance of risk and uncertainty in present period of dynamic changes grows. The article deals with risk and … uncertainty in strategic decision making. First the concepts of risk and uncertainty and possibilities of their measurement are …

Risk is a reality of the economic environment, with consequences which cannot always be foreseen or anticipated. Risk … management becomes more stringent as potential exo/endogenous vulnerability factors are rapidly increasing. Identifying risk … areas, structuring risk factors and defining their probability, optimal management of resources in order to reduce risk …

This paper generalizes the theory of irreversible investment under uncertainty by allowing for risk averse investors in … the absence of com-plete markets.Until now this theory has only been developed in the cases of risk neutrality, or risk … price that distinguishes price regions in which it is optimal for a risk averse investor to invest and price regions in …