Real Options and Investment Incentives

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 o...

Πλήρης περιγραφή

Λεπτομέρειες βιβλιογραφικής εγγραφής
Κύριος συγγραφέας: Friedl, Gunther (Συγγραφέας)
Συγγραφή απο Οργανισμό/Αρχή: SpringerLink (Online service)
Μορφή: Ηλεκτρονική πηγή Ηλ. βιβλίο
Γλώσσα:English
Έκδοση: Berlin, Heidelberg : Springer Berlin Heidelberg, 2007.
Θέματα:
Διαθέσιμο Online:Full Text via HEAL-Link
Πίνακας περιεχομένων:
  • 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.