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Risk, risk aversion, and agricultural technology adoption : a novel valuation method based on real options and inverse stochastic dominance
Spiegel, Alisa; Britz, Wolfgang; Finger, Robert - In: Q open : a journal of agricultural, climate, … 1 (2021) 2, pp. 1-26
Risk and risk preferences belong to the key determinants of investment-based technology adoption in agriculture. We … stochastic dynamic farm-level model to quantify the effect of both risk and risk aversion on the timing and scale of agricultural … technology adoption. Our illustrative example on short rotation coppice adoption shows that risk aversion leads to technology …
Persistent link: https://www.econbiz.de/10013327948
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Methodology for economic analysis of highly uncertain innovative projects of improbability type
Babkin, Aleksandr; Kvasha, Nadezhda; Demidenko, Daniil; … - In: Risks : open access journal 11 (2023) 1, pp. 1-20
ensures that the flexible risk response concept under conditions of improbable uncertainty is taken into account when …
Persistent link: https://www.econbiz.de/10014232403
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Managerial rationales for investing and divesting under uncertainty
Platou, Rikke S.; Aspelund, Arild - In: Cogent business & management 6 (2019), pp. 1-19
This study examines the strategic investment and divestment decisions of fifteen Norwegian power companies that were made in response to an increasingly uncertain business environment. The objective is to investigate the rationales underlying decisions for strategic renewal through the lens of...
Persistent link: https://www.econbiz.de/10012622016
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Investment decisions with two-factor uncertainty
Compernolle, Tine; Huisman, Kuno J. M.; Kort, Peter M.; … - In: Journal of risk and financial management : JRFM 14 (2021) 11, pp. 1-17
This paper considers investment problems in real options with non-homogeneous two-factor uncertainty. We derive some analytical properties of the resulting optimal stopping problem and present a finite difference algorithm to approximate the firm’s value function and optimal exercise boundary....
Persistent link: https://www.econbiz.de/10012795555
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On an irreversible investment problem with two-factor uncertainty
Dammann, Felix; Ferrari, Giorgio - 2021
We consider a real options model for the optimal irreversible investment problem of a profit maximizing company. The company has the opportunity to invest into a production plant capable of producing two products, of which the prices follow two independent geometric Brownian motions. After...
Persistent link: https://www.econbiz.de/10012488060
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Economic policy uncertainty and renewable energy innovation : International evidence
Feng, Gen-Fu; Zheng, Mingbo - In: Innovation and green development 1 (2022) 2, pp. 1-11
This research investigates the impact of economic policy uncertainty on renewable energy innovation, based on a panel of 22 countries during the period 1985-2019. The results indicate that economic policy uncertainty exerts a positive effect on renewable energy innovation that lasts for at least...
Persistent link: https://www.econbiz.de/10014433837
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On the investment-uncertainty relationship : a game theoretic real option approach
Lukas, Elmar; Welling, Andreas - 2012
Persistent link: https://www.econbiz.de/10009689386
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Economic risk of wind farm investments in UAE : evaluation through real options approach
Sisodia, Gyanendra Singh; Al Mazrouei, Wafa Mohammed Ebrahim - In: International Journal of Energy Economics and Policy : IJEEP 13 (2023) 5, pp. 658-666
Persistent link: https://www.econbiz.de/10014384645
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Measuring synergies of banks' cross-border mergers by real options : case study of Luminor Group AB
Čirjevskis, Andrejs - In: Journal of risk and financial management : JRFM 14 (2021) 9, pp. 1-20
Applying the real options valuation to measure merger and acquisition (M&A) synergy is highly debatable, with questions arising from the usefulness of this approach in real-world settings. Understanding the full benefits (and possible limits) of real options applications to measure synergy in...
Persistent link: https://www.econbiz.de/10012628071
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Investment timing and eco(nomic)-efficiency of climate-friendly investments in supply chains
Lukas, Elmar; Welling, Andreas - 2012
Persistent link: https://www.econbiz.de/10009659889