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Capital Budgeting with Real Options by Victor Euclides Briones Morales is a document available to read on EtoBox.
What is Capital Budgeting with Real Options about?
This document discusses using full information when evaluating capital budgeting decisions and exercising real options. It argues that the traditional net present value approach is limited because it does not allow for dynamic adjustments over time as new information becomes available. The paper proposes a model that incorporates management flexibility to make periodic adjustments to investment projects based on all available information at that time, rather than just expected values.
- Author
- Victor Euclides Briones Morales
- Language
- EN