Real Options and Investment Incentives

de

Éditeur :

Springer


Paru le : 2007-03-07

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Description
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.
Pages
119 pages
Collection
n.c
Parution
2007-03-07
Marque
Springer
EAN papier
9783540482666
EAN PDF
9783540482680

Informations sur l'ebook
Nombre pages copiables
1
Nombre pages imprimables
11
Taille du fichier
758 Ko
Prix
94,94 €

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