We develop a dynamic investment options framework with optimal capital structure and analyze the effect of debt … revenues, issuing long term debt that expires after the investment option maturity. This effect, which is due to the option …-of-the-money investment options. …

This paper studies the aggregate implications of microeconomic investment irreversibility and idiosyncratic uncertainty …

This paper presents a dynamic model of the firm with risk-free debt contracts, investment irreversibility, and debt … model also shows that investment irreversibility alone cannot generate the cross-sectional patterns observed in stock …

This paper presents a dynamic model of the firm with risk-free debt contracts, investment irreversibility, and debt … model also shows that investment irreversibility alone cannot generate the cross-sectional patterns observed in stock …

Several new models are used to eliminate lack of classic methods in valuation of investment decisions. Finding an … answer for the question “which method is used to value investment” is important for investor to decide right investment … investment project. Furthermore, AHP method is utilized to determine elements that are used in project valuation process. Whereas …

We examine the relation between family presence and corporate investment policy. Our analysis centers on two incentives … that potentially lead to differences in investment policy between family firms and nonfamily firms: family owners' risk … aversion and their real option to invest. Our findings indicate that (1) investment patterns differ between family and …

for further research, especially on the motivations behind investment decisions. Investments in market economies are … society. By shaping business concerns and strategies, social institutions have a major impact on investment decisions in a … capitalist system. The role of such institutions in investment decisions via policy making is generally neglected in strategies …

turn affect rent. By extending the theory of investment under uncertainty, we model the renter's decision to buy a house …