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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...
| Call Number: | Libro Electrónico |
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| Main Author: | |
| Corporate Author: | |
| Format: | Electronic eBook |
| Language: | Inglés |
| Published: |
Berlin, Heidelberg :
Springer Berlin Heidelberg : Imprint: Springer,
2007.
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| Edition: | 1st ed. 2007. |
| Subjects: | |
| Online Access: | Texto Completo |
Table of Contents:
- 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.