Gunther Friedl 
Real Options and Investment Incentives [PDF ebook] 

Ondersteuning

Many large corporations delegate investment decision-making authority to their divisions. Because they are better informed, divisional managers should be able to make better decisions than corporate headquarters. However, they can use this informational advantage to pursue their own interests. The objective of this work is to analyze the problem of delegated decision-making within firms when investment projects are characterized by the possibility to make subsequent decisions after the initial investment decision has been made. By analyzing this question, the monograph combines and unifies two important lines of literature: on the one hand the literature on controlling investment decisions, on the other hand the investment valuation literature.

€96.29
Betalingsmethoden

Inhoudsopgave

Institutional and Methodological Background for the Analysis of Investment Incentives.- Capital Rationing as an Incentive Instrument for Growth Options.- Residual Income as a Performance Measure for Switching Options.- Residual Income as a Performance Measure in the Presence of Waiting Options.- Implications and Conclusions.

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Taal Engels ● Formaat PDF ● Pagina’s 119 ● ISBN 9783540482680 ● Bestandsgrootte 1.0 MB ● Uitgeverij Springer Berlin ● Stad Heidelberg ● Land DE ● Gepubliceerd 2007 ● Downloadbare 24 maanden ● Valuta EUR ● ID 2162561 ● Kopieerbeveiliging Sociale DRM

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