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The theory of real options as theoretical foundation for the assessment of human capital in organizations
Welpe, Isabell; Lutz, Stephan; Barthel, Erich - In: Zeitschrift für Personalforschung (ZfP) 21 (2007) 3, pp. 274-294
The human capital represented by corporate employees involved in the information and knowledge economy is becoming an increasingly central value-creating factor in global competition. However, in contrast to other value-creating factors, human capital is more difficult to measure, evaluate and...
Persistent link: https://www.econbiz.de/10010292505
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Herd growth, farm organisation and subsidies in the dairy sector of Russia and Kazakhstan
Petrick, Martin; Götz, Linde - In: Journal of Agricultural Economics 70 (2019) 3, pp. 789-811
Initially taken as a template for farm restructuring after the demise of collective agriculture, the ‘Western family farm model’ has taken root in the former Soviet countries only belatedly and incompletely. We examine dairy structures in Russia and Kazakhstan and analyse the drivers of...
Persistent link: https://www.econbiz.de/10012041524
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Verbesserung der Klimabilanzen landwirtschaftlicher Betriebe und der Beitrag der Digitalisierung
Fuchs, Clemens; Gütschow, Paul; Langosch, Rainer; … - In: HMD Praxis der Wirtschaftsinformatik 58 (2020) 1, pp. 83-101
Eine nachhaltige Landbewirtschaftung kann ihren Beitrag zum Klimaschutz leisten. Die internationalen Vereinbarungen zum Klimaschutz finden ihren Niederschlag in der EU-Politik, z. B. der Farm-to-Fork-Strategie. Die Digitalisierung kann eine wichtige Unterstützung für die notwendige Anpassung...
Persistent link: https://www.econbiz.de/10014503631
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Markups, organic agriculture and downstream concentration at the example of European dairy farmers
Koppenberg, Maximilian - In: Agricultural Economics 54 (2023) 2, pp. 161-178
A competitive environment, highly concentrated processing and retailing sectors as well as increasing decoupling of direct payments from production volumes and the area under cultivation incentivizes farmers to find alternative ways to improve their bargaining position towards downstream...
Persistent link: https://www.econbiz.de/10014504028
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Modeling sequential R&D investments: A binomial compound option approach
Hauschild, Bastian; Reimsbach, Daniel - In: Business Research 8 (2015) 1, pp. 39-59
In this paper, we propose a binomial approach to modeling sequential R&D investments. More specifically, we present a compound real options approach, simplifying the existing valuation methodology. Based upon the same set of assumptions as prior models, we show that the number of computational...
Persistent link: https://www.econbiz.de/10011624498
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Combination of real options and game-theoretic approach in investment analysis
Arasteh, Abdollah - In: Journal of Industrial Engineering International 12 (2016), pp. 361-375
Investments in technology create a large amount of capital investments by major companies. Assessing such investment … projects is identified as critical to the efficient assignment of resources. Viewing investment projects as real options, this … paper expands a method for assessing technology investment decisions in the linkage existence of uncertainty and competition …
Persistent link: https://www.econbiz.de/10011640897
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Optimal investment under cost uncertainty
Detemple, Jerome; Kitapbayev, Yerkin - In: Risks 6 (2018) 1, pp. 1-19
This paper studies the valuation of real options when the cost of investment jumps at a random time. Three valuation … second identifies the premium relative to a project with delayed investment right and prices its components. The last one …. All formulas are in closed form. The behavior of optimal investment boundaries and valuation components are examined. …
Persistent link: https://www.econbiz.de/10011996566
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Threshold theory: Modelling risk attitude
Kasprowicz, Tomasz; Bednorz, Andrzej - In: e-Finanse: Financial Internet Quarterly 13 (2017) 4, pp. 97-109
In this paper we offer an alternative framework for examining why risk matters in the decisions of economic agents, and how the agent's risk attitude affects his decisions. This 'Threshold Theory' framework is based on a real options approach and the observation that in many situations an agent...
Persistent link: https://www.econbiz.de/10012011827
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Capital budgeting practices in Spain
de Alonso, Pablo; de Fuente, Gabriel; San Martin, Pablo - In: BRQ Business Research Quarterly 18 (2015) 1, pp. 37-56
This paper seeks to shed further light on the capital budgeting techniques used by Spanish companies. Our paper posits that the gap between theory and practice might be related to the nature of sources of value and to the efficiency of mechanisms aligning managerial and shareholder incentives,...
Persistent link: https://www.econbiz.de/10012118381
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The option to expand a project: its assessment with the binomial options pricing model
Cruz Rambaud, Salvador; Sánchez Pérez, Ana María - In: Operations Research Perspectives 4 (2017), pp. 12-20
Traditional methods of investment appraisal, like the Net Present Value, are not able to include the value of the …
Persistent link: https://www.econbiz.de/10011825944