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Real Options and Investment Incentives
Gunther Friedl
Verlag Springer-Verlag, 2007
ISBN 9783540482680 , 119 Seiten
Format PDF, OL
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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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