We apply utility indifference pricing to solve a contingent claim problem, valuing a connected pair of gas fields where the underlying process is not standard Geometric Brownian motion and the assumption of complete markets is not fulfilled. First, empirical data are often characterized by...

For the management focused on growth of value of the company is important not only ability to apply the standard methods to an assessment of the companies, but also that is more important, to possess tools of diagnostics of fair value of the company. It will allow to carry out the analysis of...

We apply utility indifference pricing to solve a contingent claim problem, valuing a connected pair of gas fields where the underlying process is not standard Geometric Brownian motion and the assumption of complete markets is not fulfilled. First, empirical data are often characterized by...

This paper deals with approving the effect of both a governance system and individual cognitive and emotional features in the financial analysis of a firms’ innovation decision. After discussing the theoretical linking between ownership concentration and the CEO’s attitude and behavior, we...

There is a planning gap for CCS projects in Europe. CCS demonstration plants are not implemented as expected. This fact is at odds with optimistic valuation reports that apply socio-economic valuation criteria for climate projects. However, CCS plants are in most cases to be implemented by...

The accepted approach to capital budgeting leaves decision makers without appropriate guidance because it ignores the cognitive, organizational, and institutional dimensions of their decision-making process. This approach is based upon the unrealistic assumptions of neoclassical finance, where...

We present evidence consistent with theories that psychological biases affect rationality decision of managers. We find a strong evidence on the effect of managerial psychology on corporate investment decision's rationality. Using models estimation from a Tunisian context, we find that the...

Este caso consiste en un juego de roles, donde los grupos deberán tomar uno de los tres roles descritos: Sr. Ahorro, Sra. Ansiosa y Sr. Conforme. En función de los supuestos generales y el resto de información proporcionada, los estudiantes deberán tomar decisiones de consumo, inversión y...

This paper investigates empirically the association between financing decision and investment decision. This issue has been hotly debated in academic circles. This study controls the effect of realized growth, firm size, dividend policy, accounting return, and liquidity on financing decision....

One of the most important criteria in classifying investment projects is economic dependence between new and existing projects. Economic dependence causes the neccessity of specific information in decision making process. The prerequisite of shaping incremental effects projections is to take...