Klumpes, Paul; Tippett, Mark - In: Journal of Business Finance & Accounting 31 (2004-11) 9-10, pp. 1449-1481
<heading id="h1" level="3" format="inline" implicit="no">Abstract: </heading>We determine optimal investment criteria for a capital project whose cash flows evolve in terms of a 'modified square root' process. The modified square root process has properties similar to the <link rid="b5">Cox, Ingersoll and Ross (1985)</link>'square root' process but in addition, encompasses the...
