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Market switching in shipping — A real option model applied to the valuation of combination carriers
16 references·14 citing·28 second hop
Market switching in shipping — A real option model applied to the valuation of combination carriers (2007)Market switching in shipping — A real opt…The Art of Smooth Pasting (2013)The Art of Smooth PastingPricing and Hedging Spread Options (2003)Pricing and Hedging Spread Op…When Are Real Options Exercised? An Empirical Study of Mine Closings (2002)When Are Real Options Exercis…LAG Length Selection and the Construction of Unit Root Tests with Good Size and Power (2001)LAG Length Selection and the …The Stochastic Behavior of Commodity Prices: Implications for Valuation and Hedging (1997)The Stochastic Behavior of Co…Efficient Tests for an Autoregressive Unit Root (1996)Efficient Tests for an Autore…Real Options in Capital Investment: Models, Strategies, and Applications (1995)Real Options in Capital Inves…Investment Under Uncertainty. (1994)Investment Under Uncertainty.Investment under Uncertainty (1994)Investment under UncertaintyEfficient Tests for an Autoregressive Unit Root (1992)Efficient Tests for an Autore…Entry and Exit Decisions under Uncertainty (1989)Entry and Exit Decisions unde…Evaluating Natural Resource Investments (1985)Evaluating Natural Resource I…Testing for Unit Roots in Autoregressive-Moving Average Models of Unknown Order (1984)Testing for Unit Roots in Aut…The Value of Waiting to Invest (1982)The Value of Waiting to InvestDistribution of the Estimators for Autoregressive Time Series With a Unit Root (1979)Distribution of the Estimator…Distribution of the Estimators for Autoregressive Time Series with a Unit Root (1979)Distribution of the Estimator…The value of flexibility in mitigating supply chain transportation risks (2020)The value of flexibility in m…Technology Choice under Emission Regulation Uncertainty in International Container Shipping (2019)Technology Choice under Emiss…Towards improved port capacity investment decisions under uncertainty: a real options approach (2018)Towards improved port capacit…Operation platform design for modular adaptable ships: Towards the configure-to-order strategy (2018)Operation platform design for…Income uncertainty and the decision to invest in bulk shipping (2017)Income uncertainty and the de…A module configuration and valuation model for operational flexibility in ship design using contract scenarios (2017)A module configuration and va…Investment into container shipping capacity: A real options approach in oligopolistic competition (2016)Investment into container shi…Fleet replacement decisions under demand and fuel price uncertainties (2016)Fleet replacement decisions u…Optimal switching decisions under stochastic volatility with fast mean reversion (2015)Optimal switching decisions u…Optimal investment timing in the dry bulk shipping sector (2015)Optimal investment timing in …Stochastic dynamical modelling of spot freight rates (2014)Stochastic dynamical modellin…A real option application to investment in low-sulphur maritime transport (2014)A real option application to …Value based trading of real assets in shipping under stochastic freight rates (2008)Value based trading of real a…Pricing freight rate options (2006)Pricing freight rate optionsA Monetary History of the United States 1867-1960 (1964)Time Series Analysis Forecasting and Control. (1971)Time Series Analysis: Forecasting and Control (1977)Statistical analysis of cointegration vectors (1988)Bounds testing approaches to the analysis of level relationships (2001)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)The Pricing of Options and Corporate Liabilities (1973)Determinants of corporate borrowing (1977)A Theory of the Term Structure of Interest Rates (1985)Irreversibility, Uncertainty, and Investment (1990)Time Series Regression with a Unit Root (1987)Testing for a Unit Root in Time Series Regression (1988)Unit root tests for panel data (2001)A simple panel unit root test in the presence of cross‐section dependence (2007)The Value Premium (2005)Policy Uncertainty and Corporate Investment (2015)Unit root tests in panel data: asymptotic and finite-sample properties (2002)Testing for unit roots in heterogeneous panels (2003)A PANIC Attack on Unit Roots and Cointegration (2004)Energy consumption, income, and carbon emissions in the United States (2006)Economic growth, energy consumption, financial development, international trade and CO2 emissions in Indonesia (2013)A Comparative Study of Unit Root Tests with Panel Data and a New Simple Test (1999)Capital markets research in accounting (2001)
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References

  • 1979Distribution of the Estimators for Autoregressive Time Series with a Unit Root23,183 cited
  • 1994Investment Under Uncertainty.9,497 cited
  • 1979Distribution of the Estimators for Autoregressive Time Series With a Unit Root9,128 cited
  • 1994Investment under Uncertainty9,016 cited
  • 1996Efficient Tests for an Autoregressive Unit Root5,637 cited
  • 1992Efficient Tests for an Autoregressive Unit Root4,234 cited
  • 2001LAG Length Selection and the Construction of Unit Root Tests with Good Size and Power3,944 cited
  • 1982The Value of Waiting to Invest3,606 cited
  • 1984Testing for Unit Roots in Autoregressive-Moving Average Models of Unknown Order3,426 cited
  • 1985Evaluating Natural Resource Investments2,379 cited
  • 1989Entry and Exit Decisions under Uncertainty2,356 cited
  • 1997The Stochastic Behavior of Commodity Prices: Implications for Valuation and Hedging2,116 cited
  • 2013The Art of Smooth Pasting423 cited
  • 2003Pricing and Hedging Spread Options338 cited
  • 2002When Are Real Options Exercised? An Empirical Study of Mine Closings324 cited
  • 1995

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Real Options in Capital Investment: Models, Strategies, and Applications
307 cited

Cited by

  • 2006Pricing freight rate options69 cited
  • 2016Fleet replacement decisions under demand and fuel price uncertainties62 cited
  • 2016Investment into container shipping capacity: A real options approach in oligopolistic competition50 cited
  • 2008Value based trading of real assets in shipping under stochastic freight rates48 cited
  • 2014A real option application to investment in low-sulphur maritime transport38 cited
  • 2019Technology Choice under Emission Regulation Uncertainty in International Container Shipping37 cited
  • 2020The value of flexibility in mitigating supply chain transportation risks33 cited
  • 2014Stochastic dynamical modelling of spot freight rates28 cited
  • 2015Optimal switching decisions under stochastic volatility with fast mean reversion27 cited
  • 2018Towards improved port capacity investment decisions under uncertainty: a real options approach27 cited
  • 2017Income uncertainty and the decision to invest in bulk shipping27 cited
  • 2015Optimal investment timing in the dry bulk shipping sector26 cited
  • 2017A module configuration and valuation model for operational flexibility in ship design using contract scenarios13 cited
  • 2018Operation platform design for modular adaptable ships: Towards the configure-to-order strategy10 cited