We provide theoretical and empirical evidence that policy uncertainty can significantly affect firm level investment and entry decisions in the context of international trade. When market entry costs are sunk, policy uncertainty can create a real option value of waiting to enter foreign markets...

We provide theoretical and empirical evidence that policy uncertainty can significantly affect firm level investment and entry decisions in the context of international trade. When market entry costs are sunk, policy uncertainty can create a real option value of waiting to enter foreign markets...

Dieses fundierte Lehrbuch führt in das klassische Themenspektrum der Investitionsrechnung ein: - Statische Verfahren - Dynamische Verfahren - Investitionsprogrammplanung - Optimale Nutzungsdauer und optimaler Ersatzzeitpunkt - Risikoanalyse von Investitionsentscheidungen Ein wichtiges...