Add to ORKGThe paper tests a standard real options model of investment using a data set of listed Dutch manufacturing firms over the period of 1984-1997. The threshold value that triggers investment is based on the historical distribution of the profit process and the risk-adjusted discount rate of the firm. The system Generalized Method of Moments (GMM) estimates show that Dutch firms are on average concerned with the option values of investment opportunities. We explore the arguments why firms would be confronted with higher investment hurdles.
This paper examines the effect of uncertainty on investment timing in a game theoretical real option...
Investment behavior at the firm level is characterized by lumpy adjustments and frequent periods of ...
We analyze the optimal investment strategy of a firm that can complete a project either in one stage...
The paper tests a standard real options model of investment using a data set of listed Dutch manufac...
The paper tests a standard real options model of investment using a data set of listed Dutch manufac...
The paper tests a standard real options model of investment using a data set of listed Dutch manufac...
This paper shows that, with (partial) irreversibility, higher uncertainty reduces the impact effect ...
This paper examines the investment-uncertainty relationship for a panel of Dutch firms. The uncertai...
This paper estimates the responsiveness of irreversible investment to uncertainty using financial da...
This paper shows that, with (partial) irreversibility, higher uncertainty reduces the impact effect ...
This paper examines the investment-uncertainty relationship for a panel of Dutch firms. The uncertai...
Readers may verbatim copies of this document for non-commercial purposes by any means, provided that...
This paper analyzes equilibrium rationing on credit markets in the case of gains from waiting to acq...
This article presents a survey of recent theoretical, as well as empirical, contributions concerning...
Recent theoretical developments relating to investment under uncertainty have highlighted the import...
This paper examines the effect of uncertainty on investment timing in a game theoretical real option...
Investment behavior at the firm level is characterized by lumpy adjustments and frequent periods of ...
We analyze the optimal investment strategy of a firm that can complete a project either in one stage...
The paper tests a standard real options model of investment using a data set of listed Dutch manufac...
The paper tests a standard real options model of investment using a data set of listed Dutch manufac...
The paper tests a standard real options model of investment using a data set of listed Dutch manufac...
This paper shows that, with (partial) irreversibility, higher uncertainty reduces the impact effect ...
This paper examines the investment-uncertainty relationship for a panel of Dutch firms. The uncertai...
This paper estimates the responsiveness of irreversible investment to uncertainty using financial da...
This paper shows that, with (partial) irreversibility, higher uncertainty reduces the impact effect ...
This paper examines the investment-uncertainty relationship for a panel of Dutch firms. The uncertai...
Readers may verbatim copies of this document for non-commercial purposes by any means, provided that...
This paper analyzes equilibrium rationing on credit markets in the case of gains from waiting to acq...
This article presents a survey of recent theoretical, as well as empirical, contributions concerning...
Recent theoretical developments relating to investment under uncertainty have highlighted the import...
This paper examines the effect of uncertainty on investment timing in a game theoretical real option...
Investment behavior at the firm level is characterized by lumpy adjustments and frequent periods of ...
We analyze the optimal investment strategy of a firm that can complete a project either in one stage...