Venture projects are fraught with exogenous market risk and endogenous agency risk. We apply a real options perspective to analyze the investment decision of the venture capitalist (VC) in this set-up. The solutions presented are conflictive: the VC reduces his exposure to exogenous risk by...

The thesis at hand provides a real option based decision support model for politically enforced environmental investments, which do not gain company internal economic profit. Therefore, a detailed methodology for the estimation of investments and operating costs for the exemplary application of...