In this article we develop a real options approach to the consideration of a sudden drop in futures cash flows in an investment project and its impact on the investment strategy of the company. We apply our model in the context of investing in a wind energy project because of the relatively long...

The growth of technological firms is based on the exploitation of innovative products and services thus forcing them to strongly invest in research and development (Ramp;D). If the Ramp;D expenditures announce the strategic positioning of firms, they can also significantly decrease the financial...

The subprime crisis showed that governance mechanisms are still far from perfect in most organisations, and also highlighted the many flaws in bank governance systems. Indeed, the majority of organisations do not appear to consider governance as a key issue. Instead, they work from the...