Devaluating projects and the investment-uncertainty relationship

Journal of Economic Dynamics and Control

Volumn 31, Issue 12, 2007, Pages 3881-3888

  Gutiérrez, Óscar ^a  

^a UNIVERSITAT AUTÒNOMA DE BARCELONA   (Spain)

Author keywords

CAPM; Investment uncertainty relationship; Real options

Indexed keywords

EID: 34548817009     PISSN: 01651889     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jedc.2006.12.013     Document Type: Article

References (6)

1. Abel A., and Eberly J. The effects of irreversibility and uncertainty on capital accumulation. Journal of Monetary Economics 44 (1999) 339-377
2. Black F., Jensen M., and Scholes M. The capital asset pricing model: some empirical tests. In: Jensen M.C. (Ed). Studies in the Theory of Capital Markets (1972), Praeger, Inc
3. Dixit A.K., and Pindyck R.S. Investment under Uncertainty (1994), Princeton University Press, Princeton, NJ
4. McDonald R., and Siegel D. The value of waiting to invest. Quarterly Journal of Economics 101 (1986) 707-728
5. Sarkar S. On the investment-uncertainty relationship in a real options model. Journal of Economic Dynamics and Control 24 (2000) 219-225
6. Wong, K., 2006. The effect of uncertainty on investment timing in a real options model. Journal of Economic Dynamics and Control, in press, doi:10.1016/j.jedc.2006.07.002.