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dc.contributor.authorGiuseppe Travaglini
dc.date.accessioned2020-08-25T06:29:01Z-
dc.date.available2020-08-25T06:29:01Z-
dc.date.issued2006/08/01
dc.identifier.issnissn16070704
dc.identifier.urihttp://dspace.fcu.edu.tw/handle/2376/2265-
dc.description.abstractThe 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.extent11
dc.language.iso英文
dc.relation.ispartofseriesinternational journal of business and economics
dc.relation.isversionofVolume5,No.2
dc.subjectirreversibility|real option|risk-adjusted rate
dc.titleIrreversibility and Interest Rates
dc.type期刊篇目
分類:Volume05,No.2

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