메뉴 건너뛰기




Volumn 41, Issue 2, 2001, Pages 193-233

Valuing managerial flexibility: An application of real-option theory to mining investments

Author keywords

Contingent claims analysis; Copper mining; Discounted cash flow; Managerial flexibility; Panel data; Real options; Unit root

Indexed keywords

COPPER; MINING INDUSTRY; PRICE DYNAMICS; RESOURCE DEVELOPMENT;

EID: 0035708319     PISSN: 00950696     EISSN: None     Source Type: Journal    
DOI: 10.1006/jeem.2000.1139     Document Type: Article
Times cited : (102)

References (61)
  • 4
    • 84936077063 scopus 로고
    • The weak form of efficiency of the London Metal Exchange
    • (1985) Appl. Econom. , vol.17 , pp. 571-587
    • Bird, P.1
  • 16
    • 0030482425 scopus 로고    scopus 로고
    • Option premiums in mineral asset pricing: Are they important?
    • (1996) Land Econom. , vol.72 , pp. 167-186
    • Davis, G.A.1
  • 19
  • 24
    • 0000489379 scopus 로고
    • The semi-strong form of efficiency of the London Metal Exchange
    • (1983) Appl. Econom. , vol.15 , pp. 681-698
    • Goss, B.A.1
  • 35
    • 0003114587 scopus 로고
    • The valuation of risky assets and the selection of risky investments in stock portfolios and capital budgets
    • (1965) Rev. Econom. Statist. , vol.47 , pp. 13-37
    • Lintner, J.1
  • 36
    • 84993843852 scopus 로고
    • Implementing option-pricing models when asset returns are predictable
    • (1995) J. Finance , vol.50 , pp. 87-129
    • Lo, A.W.1    Wang, J.2
  • 50
    • 84993911739 scopus 로고
    • Empirical testing of real-option models
    • (1993) J. Finance , vol.18 , pp. 621-640
    • Quigg, L.1
  • 51
    • 0000792991 scopus 로고    scopus 로고
    • The stochastic behavior of commodity prices: Implications for valuation and hedging
    • (1997) J. Finance , vol.52 , pp. 923-974
    • Schwartz, E.S.1
  • 54
    • 84980092818 scopus 로고
    • Capital asset prices: A theory of market equilibrium under conditions of risk
    • (1964) J. Finance , vol.19 , pp. 425-442
    • Sharpe, W.F.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.