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A Real Options Analysis for Renewable Energy Investment Decisions under China Carbon Trading Market
13 references·0 citing·42 second hop
A Real Options Analysis for Renewable Energy Investment Decisions under China Carbon Trading Market (2018)A Real Options Analysis for Renewable Ene…Real options analysis for renewable energy investment decisions in developing countries (2016)Real options analysis for ren…A real options approach to analyse wind energy investments under different support schemes (2016)A real options approach to an…Valuation of Wind Energy Projects: A Real Options Approach (2014)Valuation of Wind Energy Proj…Wind Power Projects Planning Considering Real Options for the Wind Resource Assessment (2011)Wind Power Projects Planning …Using real option analysis for highly uncertain technology investments: The case of wind energy technology (2011)Using real option analysis fo…Investment timing and optimal capacity choice for small hydropower projects (2007)Investment timing and optimal…A real option analysis of investments in hydropower—The case of Norway (2007)A real option analysis of inv…Optimal investment strategies in decentralized renewable power generation under uncertainty (2006)Optimal investment strategies…A Real Options Approach to Evaluating New Nuclear Power Plants (2006)A Real Options Approach to Ev…Renewable energy sources project appraisal under uncertainty: the case of wind energy exploitation within a changing energy market environment (2002)Renewable energy sources proj…Investment decision under uncertainty, The irreversibility effect (1974)Investment decision under unc…The Pricing of Options and Corporate Liabilities (1973)The Pricing of Options and Co…An Intertemporal Capital Asset Pricing Model (1973)An Intertemporal Capital Asse…Investment under Uncertainty (1994)Investment Under Uncertainty. (1994)Valuing Chinese feed-in tariffs program for solar power generation: A real options analysis (2013)A real option model for renewable energy policy evaluation with application to solar PV power generation in China (2014)Determinants of corporate borrowing (1977)Multi-criteria decision aid for the formulation of sustainable technological energy priorities using linguistic variables (2006)Valuation for renewable energy: A comparative review (2007)Renewable energy policy evaluation using real option model — The case of Taiwan (2010)Real Options: Managerial Flexibility and Strategy in Resource Allocation (1996)The impact of Chinese carbon emission trading scheme (ETS) on low carbon energy (LCE) investment (2015)Compound real options valuation of renewable energy projects: The case of a wind farm in Serbia (2016)Investment and risk appraisal in energy storage systems: A real options approach (2016)Autoregressive Conditional Heteroscedasticity with Estimates of the Variance of United Kingdom Inflation (1982)Generalized autoregressive conditional heteroskedasticity (1986)Conditional Heteroskedasticity in Asset Returns: A New Approach (1991)Real Options Valuation of U.S. Federal Renewable Energy Research, Development, \nDemonstration, and Deployment (2005)How to proceed with competing alternative energy technologies: A real options analysis (2010)A Monte Carlo approach to integrating uncertainty into the levelized cost of electricity (2016)The Value of Waiting to Invest (1982)Strategic capacity investment under uncertainty (2015)Real option valuation in renewable energy literature: Research focus, trends and design (2017)Real Options in Operations Research: A Review (2017)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)A Closed-Form Solution for Options with Stochastic Volatility with Applications to Bond and Currency Options (1993)Theory of rational option pricing (2005)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)Real Options: A Practitioner's Guide (2001)Valuing the attributes of renewable energy investments (2004)Renewable energy investments under different support schemes: A real options approach (2012)Multidimensional evaluation of global investments on the renewable energy with the integrated fuzzy decision-making model under the hesitancy (2019)How does green finance drive the decarbonization of the economy? Empirical evidence from China (2023)Review of renewable energy investment and financing in China: Status, mode, issues and countermeasures (2013)A real options model for renewable energy investment with application to solar photovoltaic power generation in China (2016)Scientific progress and irreversibility: an economic interpretation of the ‘Precautionary Principle’ (2000)Oil Price Uncertainty (2010)Oil price shocks and stock market activities: Evidence from oil-importing and oil-exporting countries (2013)
this work references cited by second hop

References

  • 1973The Pricing of Options and Corporate Liabilities29,064 cited
  • 1973An Intertemporal Capital Asset Pricing Model6,557 cited
  • 1974Investment decision under uncertainty, The irreversibility effect593 cited
  • 2006Optimal investment strategies in decentralized renewable power generation under uncertainty241 cited
  • 2016Real options analysis for renewable energy investment decisions in developing countries204 cited
  • 2007Investment timing and optimal capacity choice for small hydropower projects192 cited
  • 2002Renewable energy sources project appraisal under uncertainty: the case of wind energy exploitation within a changing energy market environment154 cited
  • 2007A real option analysis of investments in hydropower—The case of Norway127 cited
  • 2006A Real Options Approach to Evaluating New Nuclear Power Plants125 cited
  • 2011Using real option analysis for highly uncertain technology investments: The case of wind energy technology94 cited
  • 2016A real options approach to analyse wind energy investments under different support schemes87 cited
  • 2014Valuation of Wind Energy Projects: A Real Options Approach70 cited
  • 2011Wind Power Projects Planning Considering Real Options for the Wind Resource Assessment51 cited

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