Gunther Friedl

Real Options and Investment Incentives (eBook, PDF)

• Format: PDF

Produktbeschreibung

This work analyzes 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.

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Produktdetails

• Verlag: Springer Berlin Heidelberg
• Seitenzahl: 119
• Erscheinungstermin: 7. März 2007
• Englisch
• ISBN-13: 9783540482680
• Artikelnr.: 37366621

Autorenporträt

Dr. Gunther Friedl ist wissenschaftlicher Assistent am Institut für Produktionswirtschaft und Controlling der Ludwig-Maximilians-Universität München.

Inhaltsangabe

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.