The aim of this article is to analyse the asset replacement problem in the perspective of optimal replacement time given a certain tax environment and depreciation policy. Using a real options approach, our model minimises current operation and maintenance costs and permits a new valuation of...

The Ease of Doing Business Index is widely used by multinationals in their investment location decisions. Factor analysis and Chronbach’s alpha show its limited consistency and descriptive power of the business environment.

In a world where greenhouse gases (GHG) carry a price, organisations can create financial instruments that are tradable on the carbon market by investing in projects that reduce GHG emissions. The purpose of this study is to critically analyse an investment project from EcoSecurities to mitigate...