Angebote zu "Irreversibility" (16 Treffer)

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Irreversibility and Private Investment Decision...
59,00 € *
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Irreversibility and Private Investment Decisions under Uncertainty ab 59 € als Taschenbuch: Effects of Irreversibility and Macroeconomic Uncertainty on Aggregate Private Investment Decisions in Nigeria. Aus dem Bereich: Bücher, Wissenschaft, Wirtschaftswissenschaft,

Anbieter: hugendubel
Stand: 20.02.2020
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Investment Under Uncertainty
48,99 € *
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How should firms decide whether and when to invest in new capital equipment, additions to their workforce, or the development of new products? This book provides an exposition of a theoretical approach to the capital investment decisions of firms, stressing the irreversibility of most investment decisions.

Anbieter: buecher
Stand: 20.02.2020
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Investment Under Uncertainty
48,99 € *
ggf. zzgl. Versand

How should firms decide whether and when to invest in new capital equipment, additions to their workforce, or the development of new products? This book provides an exposition of a theoretical approach to the capital investment decisions of firms, stressing the irreversibility of most investment decisions.

Anbieter: buecher
Stand: 20.02.2020
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Irreversibility and Private Investment Decision...
59,00 € *
ggf. zzgl. Versand

Irreversibility and Private Investment Decisions under Uncertainty ab 59 EURO Effects of Irreversibility and Macroeconomic Uncertainty on Aggregate Private Investment Decisions in Nigeria

Anbieter: ebook.de
Stand: 20.02.2020
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Irreversibility and Private Investment Decision...
59,00 € *
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Developing countries are in dire need of sustainable economic growth and theoretical literature suggests the resurgence of private investment as a panacea for rapid economic growth. This calls for the examination of the determinants of private investment in the literature. Recent works have, however, indicated that the lost option value of investment and effect of uncertainty can be large but empirical literature on this issue is scanty in developing countries. The book, thus, examines private investment decisions in Nigeria and provides improved understanding and more dynamic framework for private investment decisions in the wake of irreversibility and uncertainty. The book concludes that high levels of uncertainty indicators cause private investment to decline while irreversibility affects the timing of private investment spending in the short run and makes private investors less eager to invest thus impacting negative effect on investment spending. The book is relevant to academia in the context of policy discussion on the causes of Africa's dismal growth performance and offers important guidelines for designing more effective policies as regards private investment decisions.

Anbieter: Dodax
Stand: 20.02.2020
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Public Investment Management
79,00 € *
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This book focuses on the need to "put the management in charge" of the implementation of public investment and public policies, in order to render as flexible as possible the project response to the unforeseen changes in the environment, in a world where uncertainty and irreversibility dominate. In particular, the book reviews the attempts from several countries to: (i)Empower managers to move away from ex-ante controls, while increasing accountability through continuous monitoring and evaluation of performance, (ii)Make project design more flexible through modularity and sequencing, (iii)Assess projects not as a product but as a process of value creation, and as a part of an overall national policy strategy,(iv) Introduce a medium term expenditure framework to lengthen the public financial commitments and ensure financial predictability in the budget process.

Anbieter: Dodax
Stand: 20.02.2020
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Development of a Bayesian Real Options Framework
68,00 € *
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This research investigates how the real options framework and Bayesian decision theory may be utilized to improve the capital budgeting decision process. In particular, it investigates the theoretical and modeling advantage of merging option pricing theory with the Bayesian revision process to value investment decisions defined by partial or full irreversibility of capital outlays, uncertainty, and the opportunity to gather information. Benchmarking from existing real options and Bayesian approaches, new modeling methodologies are developed that value delay investment scenarios in the context of information acquisition and inclusion in the decision process. In this context, real option attributes are discussed from a statistical decision theoretic perspective, thresholds are identified for improved decision-making, information's impact on downstream decision-making is formally defined, and project activation policies are developed. Using real data provided by firms in the aerospace maintenance, repair, and overhaul industry, this Bayesian Learning Real Options (BLRO) methodology is demonstrated within contingent investment and license valuation scenarios.

Anbieter: Dodax
Stand: 20.02.2020
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Corporate Taxation in a Dynamic World
117,69 € *
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This book analyzes the economic principles of modern corporate taxation. With respect to the existing products it represents a novelty in at least two respects. First of all, it analyzes not only the effects of taxation on firms' marginal choices, but also focuses on the impact of taxation on discrete choices, such as plant location, R&D investment, and new marketing programs. The second novelty is represented by the application of option pricing techniques to corporate taxation. To give an idea of the importance of options it is sufficient to say that managers are aware that new business programs are an opportunity and not an obligation. This means that they behave as if they owned option-rights. Due to the partial irreversibility of their choices, they know that the exercise of such options reduces their business flexibility.

Anbieter: Dodax
Stand: 20.02.2020
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Investment Under Uncertainty
79,90 CHF *
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How should firms decide whether and when to invest in new capital equipment, additions to their workforce, or the development of new products? Why have traditional economic models of investment failed to explain the behavior of investment spending in the United States and other countries? In this book, Avinash Dixit and Robert Pindyck provide the first detailed exposition of a new theoretical approach to the capital investment decisions of firms, stressing the irreversibility of most investment decisions, and the ongoing uncertainty of the economic environment in which these decisions are made. In so doing, they answer important questions about investment decisions and the behavior of investment spending. This new approach to investment recognizes the option value of waiting for better (but never complete) information. It exploits an analogy with the theory of options in financial markets, which permits a much richer dynamic framework than was possible with the traditional theory of investment. The authors present the new theory in a clear and systematic way, and consolidate, synthesize, and extend the various strands of research that have come out of the theory. Their book shows the importance of the theory for understanding investment behavior of firms; develops the implications of this theory for industry dynamics and for government policy concerning investment; and shows how the theory can be applied to specific industries and to a wide variety of business problems.

Anbieter: Orell Fuessli CH
Stand: 20.02.2020
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