完整後設資料紀錄
DC 欄位 | 值 | 語言 |
---|---|---|
dc.contributor.author | Giuseppe Travaglini | |
dc.date.accessioned | 2020-08-25T06:29:01Z | - |
dc.date.available | 2020-08-25T06:29:01Z | - |
dc.date.issued | 2006/08/01 | |
dc.identifier.issn | issn16070704 | |
dc.identifier.uri | http://dspace.fcu.edu.tw/handle/2376/2265 | - |
dc.description.abstract | The literature on irreversible investment fails to explore the relationship between the_x000D_ present value of alternative strategies and appropriate risk-adjusted interest rates. We attempt to fill this gap by showing that, to avoid arbitrage opportunities, the real option’s rate must be higher than the rate of the immediate strategy. Further, we explain how irreversibility influences the risk-return combination of competing strategies acting as a pure risk factor. | |
dc.description.sponsorship | 逢甲大學 | |
dc.format.extent | 11 | |
dc.language.iso | 英文 | |
dc.relation.ispartofseries | international journal of business and economics | |
dc.relation.isversionof | Volume5,No.2 | |
dc.subject | irreversibility|real option|risk-adjusted rate | |
dc.title | Irreversibility and Interest Rates | |
dc.type | 期刊篇目 | |
分類: | Volume05,No.2 |
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