Numerous studies have tried to provide a better understanding of firm-level investment behaviour using econometric … approach, focuses on irreversibility and uncertainty in perfect capital markets; of particular interest is the range of …

A firm-level sequential investment model is developed to analyze how uncertainty about environmental policies in the … future affects current investment decisions. Three specific policies are considered -- a pollution tax, an investment credit … standard) affect current investment decisions. …

innovation of comparing two option values simultaneously. The implementation of goods price uncertainty turns out to reduce the … contrast to the latest trade models, uncertainty is introduced as a continuous phenomenon. Furthermore, the model contains the … probability of entering a new market as an exporter. FDI becomes the optimal entry mode with increasing uncertainty. Additionally …

We investigate the empirical linkages between sales uncertainty and firms’ inventory investment behavior while … higher sales uncertainty leads to larger stocks of inventories. We also identify an indirect effect of sales uncertainty on … the adverse effects of uncertainty. …

and Pindyck, 1994) an investment plan under uncertainty is derived. In contrast to static models firms postpone their …-concentration trade-of concept. Additionally firms have the possibility to postpone their investment decision which gives them the … investment decision although positive returns can be achieved. For specific risk values the model predicts, in the presence of a …

We investigate the empirical linkages between sales uncertainty and firms' inventory investment behavior while … higher sales uncertainty leads to larger stocks of inventories. We also identify an indirect effect of sales uncertainty on … the adverse effects of uncertainty. …

The objective of this paper is to combine a real options framework with portfolio optimization techniques and to apply … adoption decision of particular technologies under uncertainty. These technologies are coal-fired power plants, biomassfired … optimization, where the measure of risk is the Conditional Value-at-Risk (CVaR). …

returns than needed to secure investment, even when taking the uncertainties involved into account. The results obtained can …

stochastic shocks imply that investment in radical innovation may very often be too time consuming and/or expensive to remain … attractive for private entrepreneurs. -- radical innovation ; innovation ; entrepreneurship ; investment ; R&D ; risk ; real …We refine modelling of the radical innovation decision in this paper by extending real option theory to include non …

stochastic shocks imply that investment in radical innovation may very often be too time consuming and/or expensive to remain …We refine modelling of the radical innovation decision in this paper by extending real option theory to include non …