This paper studies the optimal risk-averse timing to sell a risky asset. The investor's risk preference is described by … models and utilities, with emphasis on their dependence on asset price, risk aversion, and quantity. We find that the timing … to illustrate the investor's strategies and the premium associated with optimally timing to sell …

We show how directors can set the strength of a firm's anti-takeover provisions in order to influence the investment-timing …

investor chooses the least expensive proposal and the timing of the investment. Innovators have to provide costly, but …, because the investor has less need to delay expensive investments. With endogenous number of innovators investment timing … the investment costs. When private benefits are large the investor may have to counter this by delaying the timing of …

induce efficient timing, a novel vertical restraint being for the upstream to sell a call option on the input. We also extend …

is whether or not the concessionare should be allowed to set the timing of new investments. In this paper we investigate … the impact of concession length and investment timing flexibility on the "concession value." It is generally argued that … investment timing flexibility, should always result in higher concession values. Our result suggests that this is not always the …