SZodixStudyAcademic Library
ShelvesOpen access
Study · an open academic library·Metadata from OpenAlex (CC0)·Shelves·OpenAlex metadata, de-duplicated
On the investment–uncertainty relationship in a real options model
8 references·16 citing·42 second hop
On the investment–uncertainty relationship in a real options model (2000)On the investment–uncertainty relationshi…Investment Under Uncertainty. (1994)Investment Under Uncertainty.Investment under Uncertainty (1994)Investment under UncertaintyOn the Sign of the Investment-Uncertainty Relationship (1991)On the Sign of the Investment…Entry and Exit Decisions under Uncertainty (1989)Entry and Exit Decisions unde…Brownian Motion and Stochastic Flow Systems. (1987)Brownian Motion and Stochasti…Irreversible Investment, Capacity Choice and the Value of the Firm (1986)Irreversible Investment, Capa…The Value of Waiting to Invest (1982)The Value of Waiting to InvestAn Intertemporal Capital Asset Pricing Model (1973)An Intertemporal Capital Asse…Understanding the investment of renewable energy firms in the face of economic policy uncertainty – Micro-evidence from listed companies in China (2022)Understanding the investment …Monetary policy uncertainty and stock returns in G7 and BRICS countries: A quantile-on-quantile approach (2021)Monetary policy uncertainty a…Efectos de elementos de diseño del Programa Nacional de Cupos Transables de Emisión (PNCTE) sobre los precios de los cupos y las emisiones agregadas: Un enfoque experimental (2021)Efectos de elementos de diseñ…Risky Business: Political Instability and Sectoral Greenfield Foreign Direct Investment in the Arab World (2015)Risky Business: Political Ins…A real option model for renewable energy policy evaluation with application to solar PV power generation in China (2014)A real option model for renew…The R&D Investment–Uncertainty Relationship: Do Strategic Rivalry and Firm Size Matter? (2012)The R&D Investment–Uncertaint…Underinvestment, capital structure and strategic debt restructuring (2010)Underinvestment, capital stru…The effect of oil price volatility on strategic investment (2010)The effect of oil price volat…A real options based model and its application to China's overseas oil investment decisions (2009)A real options based model an…Investment in oligopoly under uncertainty: The accordion effect (2008)Investment in oligopoly under…Investment and uncertainty in the international oil and gas industry (2008)Investment and uncertainty in…The effect of uncertainty on investment timing in a real options model (2006)The effect of uncertainty on …Uncertainty and Growth of the Firm (2005)Uncertainty and Growth of the…Is the Investment–Uncertainty Relationship Nonlinear? An Empirical Analysis for the Netherlands (2005)Is the Investment–Uncertainty…The effect of mean reversion on investment under uncertainty (2002)The effect of mean reversion …Real Exchange Rate Uncertainty and Private Investment in Developing Countries (2002)Real Exchange Rate Uncertaint…The effects of price and cost uncertainty on investment (1972)Optimal Investment under Uncertainty. (1983)Foreign Direct Investment, Exchange Rate Variability and Demand Uncertainty (1994)Policy uncertainty, irreversibility, and cross-border flows of capital (2016)The Asset Redeployability Channel: How Uncertainty Affects Corporate Investment (2016)Capital Theory and Investment Behavior (1963)Option pricing when underlying stock returns are discontinuous (1976)Irreversibility, Uncertainty, and Cyclical Investment (1980)Conditional Heteroskedasticity in Asset Returns: A New Approach (1991)Joint Ventures and the Option to Expand and Acquire (1991)Operating Flexibility, Global Manufacturing, and the Option Value of a Multinational Network (1994)Investment in Human Capital: A Theoretical Analysis (1962)Evaluating Natural Resource Investments (1985)Irreversibility, Uncertainty, and Investment (1990)Theory of rational option pricing (2005)The Asset-Pricing Implications of Government Economic Policy Uncertainty (2015)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations (1991)Initial conditions and moment restrictions in dynamic panel data models (1998)The Effects of Oil Price Shocks on Stock Market Volatility: Evidence from European Data (2013)International crude oil prices and the stock prices of clean energy and technology companies: Evidence from non-linear cointegration tests with unknown structural breaks (2016)Exploring the nexus between monetary uncertainty and volatility in global crude oil: A contemporary approach of regime-switching (2023)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)Prices vs. Quantities (1974)Recursive Methods in Economic Dynamics (1989)Carbon Tax or Carbon Permits: The Impact on Generators’ Risks (2008)Market Power in Emission Permit Markets: Theory and Evidence from the EU ETS (2015)The economy impacts of Korean ETS with an emphasis on sectoral coverage based on a CGE approach (2017)The Stochastic Behavior of Commodity Prices: Implications for Valuation and Hedging (1997)The Value Premium (2005)Policy Uncertainty and Corporate Investment (2015)Time-changed Lévy processes and option pricing (2003)Selection, Growth, and the Size Distribution of Firms (2007)A Continuous-Time Version of the Principal–Agent Problem (2008)Investment and Hysteresis (1992)Real Options and Interactions with Financial Flexibility (1993)Strategic Growth Options (1998)Capital markets research in accounting (2001)
this work references cited by second hop

References

  • 1994Investment Under Uncertainty.9,497 cited
  • 1994Investment under Uncertainty9,016 cited
  • 1973An Intertemporal Capital Asset Pricing Model6,557 cited
  • 1982The Value of Waiting to Invest3,606 cited
  • 1989Entry and Exit Decisions under Uncertainty2,356 cited
  • 1986Irreversible Investment, Capacity Choice and the Value of the Firm1,296 cited
  • 1987Brownian Motion and Stochastic Flow Systems.1,091 cited
  • 1991On the Sign of the Investment-Uncertainty Relationship636 cited

Cited by

  • 2010The effect of oil price volatility on strategic investment252 cited
  • 2021Efectos de elementos de diseño del Programa Nacional de Cupos Transables de Emisión (PNCTE) sobre los precios de los cupos y las emisiones agregadas: Un enfoque experimental128 cited
  • 2002The effect of mean reversion on investment under uncertainty118 cited
  • 2014A real option model for renewable energy policy evaluation with application to solar PV power generation in China112 cited
  • 2002Real Exchange Rate Uncertainty and Private Investment in Developing Countries106 cited
  • 2006The effect of uncertainty on investment timing in a real options model105 cited
  • 2008Investment and uncertainty in the international oil and gas industry

Only edges whose both ends are imported exist here. Widen the year window, or show the whole map. Back to the work

94 cited
  • 2021Monetary policy uncertainty and stock returns in G7 and BRICS countries: A quantile-on-quantile approach83 cited
  • 2009A real options based model and its application to China's overseas oil investment decisions81 cited
  • 2010Underinvestment, capital structure and strategic debt restructuring76 cited
  • 2005Is the Investment–Uncertainty Relationship Nonlinear? An Empirical Analysis for the Netherlands69 cited
  • 2015Risky Business: Political Instability and Sectoral Greenfield Foreign Direct Investment in the Arab World68 cited
  • 2012The R&D Investment–Uncertainty Relationship: Do Strategic Rivalry and Firm Size Matter?67 cited
  • 2008Investment in oligopoly under uncertainty: The accordion effect65 cited
  • 2005Uncertainty and Growth of the Firm61 cited
  • 2022Understanding the investment of renewable energy firms in the face of economic policy uncertainty – Micro-evidence from listed companies in China59 cited