SZodixStudyAcademic Library
ShelvesOpen access
Study · an open academic library·Metadata from OpenAlex (CC0)·Shelves·OpenAlex metadata, de-duplicated
Uncertainty, Real Options, and Cost Behavior: Evidence from Washington State Hospitals
16 references·16 citing·40 second hopsampled
Uncertainty, Real Options, and Cost Behavior: Evidence from Washington State Hospitals (2005)Uncertainty, Real Options, and Cost Behav…Options, Futures and Other Derivatives (2003)Options, Futures and Other De…Are Selling, General, and Administrative Costs “Sticky”? (2003)Are Selling, General, and Adm…When Are Real Options Exercised? An Empirical Study of Mine Closings (2002)When Are Real Options Exercis…The relation between nonrecurring accounting transactions and CEO cash compensation. (1998)The relation between nonrecur…Application of option-pricing theory: twenty five years later (1998)Application of option-pricing…The Accuracy of Proportional Cost Models: Evidence from Hospital Service Departments (1997)The Accuracy of Proportional …The Effect of Uncertainty on Investment: Some Stylized Facts (1995)The Effect of Uncertainty on …Investment Under Uncertainty. (1994)Investment Under Uncertainty.Investment under Uncertainty (1994)Investment under UncertaintyAre overhead costs strictly proportional to activity? (1994)Are overhead costs strictly p…Empirical Testing of Real Option-Pricing Models (1993)Empirical Testing of Real Opt…Options, Futures, and Other Derivative Securities. (1990)Options, Futures, and Other D…Manufacturing overhead cost driver analysis (1990)Manufacturing overhead cost d…Investment and the Valuation of Firms When There is an Option to Shut Down (1985)Investment and the Valuation …The Value of Waiting to Invest (1982)The Value of Waiting to InvestRisk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…Breaking it Down: Economic Consequences of Disaggregated Cost Disclosures (2023)Breaking it Down: Economic Co…Suppliers' Product Market Competition, Customer Concentration, and Cost Structure (2020)Suppliers' Product Market Com…Cost Structure, Operating Leverage, and CDS Spreads (2020)Cost Structure, Operating Lev…Internal Control Weakness and the Asymmetrical Behavior of Selling, General, and Administrative Costs (2019)Internal Control Weakness and…Managerial Incentives, Options, and Cost-Structure Choices (2017)Managerial Incentives, Option…Management Accounting and Control in the Hospital Industry: A Review (2017)Management Accounting and Con…Female CEOs, Returns and Risk in Spanish Publishing Firms (2017)Female CEOs, Returns and Risk…Does Ownership Structure Affect Labor Decisions? (2016)Does Ownership Structure Affe…Implications of Cost Behavior for Analysts' Earnings Forecasts (2015)Implications of Cost Behavior…The Impact of Changes in Regulation on Cost Behavior (2014)The Impact of Changes in Regu…Does Operational and Financial Hedging Reduce Exposure? Evidence from the U.S. Airline Industry (2014)Does Operational and Financia…Real Options in the Motion Picture Industry: Evidence from Film Marketing and Sequels* (2011)Real Options in the Motion Pi…The Role of Performance Measure Noise in Mediating the Relation between Task Complexity and Outsourcing (2010)The Role of Performance Measu…The Impact of Academic Accounting Research on Professional Practice: An Analysis by the AAA Research Impact Task Force (2009)The Impact of Academic Accoun…Understanding Cost Management: What Can We Learn from the Evidence on 'Sticky Costs'? (2007)Understanding Cost Management…Management Accounting and Control in Health Care: An Economics Perspective (2006)Management Accounting and Con…The effects of price and cost uncertainty on investment (1972)THE VALUE OF AN OPTION TO EXCHANGE ONE ASSET FOR ANOTHER (1978)Real Options and Interactions with Financial Flexibility (1993)Investor valuation of the abandonment option (1996)Corporate Investment and Asset Price Dynamics: Implications for the Cross‐section of Returns (2004)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)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)The theory and practice of econometrics (1986)Handbook of Management Accounting Research (2009)Cost Behavior and Analysts’ Earnings Forecasts (2010)Employment protection legislation, adjustment costs and cross-country differences in cost behavior (2012)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Behavior of Stock-Market Prices (1965)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)On Persistence in Mutual Fund Performance (1997)Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition (1974)Evaluating Natural Resource Investments (1985)Challenges to the practical implementation of modeling and valuing real options (1998)Real options and preemption under incomplete information (2002)Arbitrage Theory in Continuous Time (1998)Facts and Fantasies about Commodity Futures (2006)A critical review on supply chain risk – Definition, measure and modeling (2014)The Stochastic Behavior of Commodity Prices: Implications for Valuation and Hedging (1997)The Value Premium (2005)Policy Uncertainty and Corporate Investment (2015)Investment and Demand Uncertainty (1999)Economic policy uncertainty and firm-level investment (2013)The Asset Redeployability Channel: How Uncertainty Affects Corporate Investment (2016)5 Stochastic volatility (1996)Statistical aspects of ARCH and stochastic volatility (1996)Monte Carlo methods for security pricing (1997)Capital markets research in accounting (2001)
this work references cited by second hop· second hop is a sample of the most-cited connections

References

  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1994Investment Under Uncertainty.9,497 cited
  • 1994Investment under Uncertainty9,016 cited
  • 2003Options, Futures and Other Derivatives3,864 cited
  • 1982The Value of Waiting to Invest3,606 cited
  • 2003Are Selling, General, and Administrative Costs “Sticky”?1,361 cited
  • 1990Options, Futures, and Other Derivative Securities.1,227 cited
  • 1995The Effect of Uncertainty on Investment: Some Stylized Facts832 cited
  • 1985Investment and the Valuation of Firms When There is an Option to Shut Down759 cited
  • 1993Empirical Testing of Real Option-Pricing Models458 cited
  • 2002When Are Real Options Exercised? An Empirical Study of Mine Closings324 cited
  • 1997The Accuracy of Proportional Cost Models: Evidence from Hospital Service Departments310 cited
  • 1998The relation between nonrecurring accounting transactions and CEO cash compensation.280 cited
  • 1998Application of option-pricing theory: twenty five years later229 cited
  • 1994Are overhead costs strictly proportional to activity?228 cited
  • 1990

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

Manufacturing overhead cost driver analysis
188 cited

Cited by

  • 2014The Impact of Changes in Regulation on Cost Behavior193 cited
  • 2016Does Ownership Structure Affect Labor Decisions?108 cited
  • 2009The Impact of Academic Accounting Research on Professional Practice: An Analysis by the AAA Research Impact Task Force105 cited
  • 2007Understanding Cost Management: What Can We Learn from the Evidence on 'Sticky Costs'?100 cited
  • 2017Managerial Incentives, Options, and Cost-Structure Choices91 cited
  • 2015Implications of Cost Behavior for Analysts' Earnings Forecasts76 cited
  • 2019Internal Control Weakness and the Asymmetrical Behavior of Selling, General, and Administrative Costs55 cited
  • 2014Does Operational and Financial Hedging Reduce Exposure? Evidence from the U.S. Airline Industry54 cited
  • 2017Female CEOs, Returns and Risk in Spanish Publishing Firms50 cited
  • 2023Breaking it Down: Economic Consequences of Disaggregated Cost Disclosures48 cited
  • 2011Real Options in the Motion Picture Industry: Evidence from Film Marketing and Sequels*47 cited
  • 2006Management Accounting and Control in Health Care: An Economics Perspective43 cited
  • 2017Management Accounting and Control in the Hospital Industry: A Review42 cited
  • 2020Suppliers' Product Market Competition, Customer Concentration, and Cost Structure34 cited
  • 2020Cost Structure, Operating Leverage, and CDS Spreads34 cited
  • 2010The Role of Performance Measure Noise in Mediating the Relation between Task Complexity and Outsourcing33 cited