메뉴 건너뛰기




Volumn 31, Issue 12, 2003, Pages 1213-1220

A comparison of discounted cashflow and modern asset pricing methods - Project selection and policy implications

Author keywords

Asset pricing; CAPM; Discounting; Oil

Indexed keywords

COSTS; ENERGY POLICY; PROJECT MANAGEMENT; RANDOM PROCESSES; TAXATION;

EID: 0037412094     PISSN: 03014215     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0301-4215(02)00181-7     Document Type: Article
Times cited : (13)

References (23)
  • 1
    • 0031648034 scopus 로고    scopus 로고
    • Alternative models of uncertain commodity prices for use with modern asset pricing methods
    • Baker, M., Mayfield, S., Parsons, J. 1998. Alternative models of uncertain commodity prices for use with modern asset pricing methods. The Energy Journal 19, 115-148.
    • (1998) The Energy Journal , vol.19 , pp. 115-148
    • Baker, M.1    Mayfield, S.2    Parsons, J.3
  • 6
    • 0036670393 scopus 로고    scopus 로고
    • Project valuation when there are two cashflow streams
    • forthcoming
    • Emhjellen, M., Alaouze, C.M., 2002. Project valuation when there are two cashflow streams, Energy Economics, forthcoming.
    • (2002) Energy Economics
    • Emhjellen, M.1    Alaouze, C.M.2
  • 8
    • 0002838715 scopus 로고
    • Project evaluation: A practical modern asset pricing method
    • Jacoby, H., Laughton, D., 1992. Project evaluation: a practical modern asset pricing method. The Energy Journal 13, 19-47.
    • (1992) The Energy Journal , vol.13 , pp. 19-47
    • Jacoby, H.1    Laughton, D.2
  • 10
    • 21344497329 scopus 로고
    • Case studies on real options
    • Kemna, A.G.Z., 1993. Case studies on real options. Financial Management 22, 259-270.
    • (1993) Financial Management , vol.22 , pp. 259-270
    • Kemna, A.G.Z.1
  • 11
    • 0031647450 scopus 로고    scopus 로고
    • The management of flexibility in the upstream petroleum industry
    • Laughton, D., 1998a. The management of flexibility in the upstream petroleum industry. The Energy Journal 19, 83-114.
    • (1998) The Energy Journal , vol.19 , pp. 83-114
    • Laughton, D.1
  • 12
    • 0012782153 scopus 로고    scopus 로고
    • The potential for use of modern asset pricing methods for upstream petroleum project evaluation: Concluding remarks
    • Laughton, D., 1998b. The potential for use of modern asset pricing methods for upstream petroleum project evaluation: concluding remarks. The Energy Journal 19, 149-153.
    • (1998) The Energy Journal , vol.19 , pp. 149-153
    • Laughton, D.1
  • 13
    • 21344497782 scopus 로고
    • Reversion, timing, options and long-term decision-making
    • Laughton, D., Jacoby, H., 1993. Reversion, timing, options and long-term decision-making. Financial Management 22, 225-240.
    • (1993) Financial Management , vol.22 , pp. 225-240
    • Laughton, D.1    Jacoby, H.2
  • 14
    • 84980100064 scopus 로고
    • Security prices, risk and maximal gains from diversification
    • Lintner, J., 1965. Security prices, risk and maximal gains from diversification. Journal of Finance 20, 587-615.
    • (1965) Journal of Finance , vol.20 , pp. 587-615
    • Lintner, J.1
  • 15
    • 84974057893 scopus 로고
    • The weighted average cost of capital, perfect capital markets, and project life: A clarification
    • Miles, J.A., Ezzell, J.R., 1980. The weighted average cost of capital, perfect capital markets, and project life: a clarification. Journal of Financial and Quantitative Analysis 15, 719-730.
    • (1980) Journal of Financial and Quantitative Analysis , vol.15 , pp. 719-730
    • Miles, J.A.1    Ezzell, J.R.2
  • 16
    • 0001238604 scopus 로고
    • Equilibrium in a capital asset market
    • Mossin, J., 1966. Equilibrium in a capital asset market. Econometrica 34, 768-783.
    • (1966) Econometrica , vol.34 , pp. 768-783
    • Mossin, J.1
  • 18
    • 20244366023 scopus 로고    scopus 로고
    • The long-run evolution of oil prices
    • Pindyck, R.S., 1999. The long-run evolution of oil prices. The Energy Journal 19, 13-46.
    • (1999) The Energy Journal , vol.19 , pp. 13-46
    • Pindyck, R.S.1
  • 19
    • 0031647245 scopus 로고    scopus 로고
    • Implications of output price risk and operating leverage for the evaluation of petroleum development projects
    • Salahor, G., 1998. Implications of output price risk and operating leverage for the evaluation of petroleum development projects. The Energy Journal 19, 13-46.
    • (1998) The Energy Journal , vol.19 , pp. 13-46
    • Salahor, G.1
  • 20
    • 84980092818 scopus 로고
    • Capital asset prices: A theory of capital market equilibrium under conditions of risk
    • Sharpe, W., 1964. Capital asset prices: a theory of capital market equilibrium under conditions of risk. Journal of Finance 19, 425-442.
    • (1964) Journal of Finance , vol.19 , pp. 425-442
    • Sharpe, W.1
  • 21
    • 20244371604 scopus 로고    scopus 로고
    • The investment appraisal techniques used to assess risk in the oil industry
    • April 25-27, Houston, TX
    • Siew, W.-H., 2001. The investment appraisal techniques used to assess risk in the oil industry. Conference Proceedings of the 24th IAEE International Conference, April 25-27, Houston, TX.
    • (2001) Conference Proceedings of the 24th IAEE International Conference
    • Siew, W.-H.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.