Irreversible Investments In Organizational Resources and ...

The objective of this paper is to transfer the real options valuation approach to investments in organizational resources and capabilities ...

Irreversible investments in organizational resources and capabilities ...

The objective of this paper is to transfer the real options valuation approach to investments in organizational resources and capabilities which have been ...

chapter 14 Flashcards - Quizlet

The reason that many investments are irreversible stems from the existence of variable costs.Negative shocks tend to reduce uncertainty and increase business ...

Irreversible Investment, Real Options, and Competition: Evidence ...

We find that increases in both idiosyncratic and systematic (market) risk lead developers to delay new real estate investments. Empirically, a one-standard ...

Irreversible Investment, Real Options, and Competition

We find that increases in both idiosyncratic and systematic risk lead developers to delay new real estate investments. Empirically, a one-standard deviation ...

Irreversible Investment - Kellogg School of Management

Irreversibility constrains the ability to redeploy capital in "bad" states, so the agent is particularly sensitive to these states when investing ex ante. This ...

Irreversibility and Aggregate Investment | MIT Economics

Investment is often irreversible: once installed, capital has little or no value unless used in production. This paper proposes and solves a model of ...

Irreversible Investment | SpringerLink

Irreversible investment acknowledges that the value of capital may not be fully recoverable when resold. This simple generalization has rich implications for ...

Irreversible investment, real options, and competition: Evidence from ...

Increases in the number of potential competitors located near a project negate the negative relationship between idiosyncratic risk and development. These ...

Does the Theory of Irreversible Investments Help Explain

Does the Theory of Irreversible Investments Help Explain. Movements in Office-Commercial Construction? Rena Sivitanidou* and Petros Sivitanides**. Focusing on ...

Incentivizing Irreversible Investment | The Accounting Review

This paper presents an analytically tractable, discrete-time, neoclassical model with irreversible investment and the possibility of unfavorable ...

Irreversible Investment, Capacity Choice, and the Value of the Firm

Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating ...

Irreversibility, Uncertainty, and Investment - jstor

and determine whether or not the firm should invest. Section III then works through a basic continuous-time model of irreversible investment that was first.

Irreversibility, Uncertainty, and Investment - MIT

and determine whether or not the firm should invest. Section III then works through a basic continuous-time model of irreversible investment that was first.

Irreversibility, uncertainty, and investment (English)

Despite its importance to economic growth and the evolution of market structure, the investment behavior of firms, industries, and countries remains poorly ...

Investment, irreversibility, and options: An empirical framework

The study employs a panel data set consisting of U.S. manufacturing firms and finds that irreversibility, through its negative impact on marginal put options ...

Real Options, Irreversible Investment and Firm Uncertainty - Brandeis

Distinguishing between industry uncertainty and firm-specific uncertainty is important for irreversible investments. Dixit and Pindyck (1994) argue that the ...

Irreversible Investment with Regime Shifts∗ - Berkeley Haas

This paper proposes and solves a model of investment decisions in which the growth rate and volatility of the decision variable shift between different states ...

Irreversible investment and information acquisition under uncertainty

We analyse the decision of an agent to invest in new industrial activities the con- sequences of which on people's health and the environment are initially ...

Irreversible Investment, Real Options, and Competition

Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating ...