Mitigation of global warming requires substantial investment in electricity generation from
renewable sources. A large share of new generation capacity is required in regions with …

Capital Budgeting Research and Practice: The State of the Art | Emerald Insight Books and
journals Case studies Expert Briefings Open Access Publish with us Advanced search Capital …

Purpose The aim of the paper is to investigate the Black and Scholes model by providing an
updated framework of the international literature on the topic, within the field of real option …

Procurement auctions for renewable energy support have become a standard policy
instrument to stimulate investment in clean energy. Winning bidders have the right but not …

In this article I address the questions posed to the 25th Anniversary of JMAR Panel on the
management accounting topics we have established knowledge on, are currently working …

Decision Tree Analysis and Internal Rate of Return, do not properly take into account
uncertainty and flexibility, which are crucial for both valuating a project and the related …

In this paper, we propose a binomial approach to modeling sequential R&D investments.
More specifically, we present a compound real options approach, simplifying the existing …

Traditional valuation methods such as net present value (NPV) utilize increased discount
rates to account for risk, in the process introducing a time bias effect that promotes short …

Researchers have advocated real options thinking (ROT) for evaluating and managing risky
IT investments to account for managerial decision flexibility. Effective ROT is a three-step …

This paper studies the antecedents of cognitive options appraisal in a cross-cultural sample
of specialists and generalists. Examining the role of national culture and ambiguity in the …