Firm's Value under Investment Irreversibility, Stochastic Demand and General Production Function

被引：0

作者：

Bouasker, Olfa ^{[1
]}

Prigent, Jean-Luc ^{[2
]}

机构：

[1] Univ Evry, Evry, France

[2] Univ Cergy, THEMA, 33 Blvd Port, F-95011 Cergy, France

来源：

INTERNATIONAL JOURNAL OF BUSINESS | 2008年 / 13卷 / 04期

关键词：

Corporate finance; Firm's value; Real options;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

As mentioned in Pindyck (1988), since most investment expenditures are irreversible, investors can decide to allocate their amounts until the full value of an incremental unit of capacity equals its full cost. The investment process includes the option of using or not the bought units. We examine in particular the influence of both production functions and stochastic demand on capacity choice, firm's value and long-run marginal cost.

引用

页码：315 / 330

页数：16

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