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Economic Evaluation of Oil and Gas Projects: Justification of Engineering Solutions in the Implementation of Field Development Projects
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Economic Evaluation of Oil and Gas Projects: Justification of Engineering Solutions in the Implementation of Field Development Projects (2022)Economic Evaluation of Oil and Gas Projec…Valuing uncertain asset cash flows when there are no options: A real options approach (2005)Valuing uncertain asset cash …Incorporating technical uncertainty in real option valuation of oil projects (2004)Incorporating technical uncer…Time Horizon and the Discount Rate (2002)Time Horizon and the Discount…The Theory‐Practice Gap in Capital Budgeting: Evidence from the United Kingdom (2000)The Theory‐Practice Gap in Ca…Alternative Models of Uncertain Commodity Prices for Use with Modern Asset Pricing Methods (1998)Alternative Models of Uncerta…The Stochastic Behavior of Commodity Prices: Implications for Valuation and Hedging (1997)The Stochastic Behavior of Co…Investment under Uncertainty (1994)Investment under UncertaintyReversion, Timing Options, and Long-Term Decision-Making (1993)Reversion, Timing Options, an…Investments of uncertain cost (1993)Investments of uncertain costFinance Theory and Financial Strategy (1984)Finance Theory and Financial …Risk-adjusted discount rates and capital budgeting under uncertainty (1977)Risk-adjusted discount rates …Determinants of corporate borrowing (1977)Determinants of corporate bor…CAPITAL BUDGETING AND THE CAPITAL ASSET PRICING MODEL: GOOD NEWS AND BAD NEWS (1977)CAPITAL BUDGETING AND THE CAP…CONCEPTUAL PROBLEMS IN THE USE OF RISK‐ADJUSTED DISCOUNT RATES* (1966)CONCEPTUAL PROBLEMS IN THE US…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)CAPITAL ASSET PRICES: A THEOR…Dividend Policy, Growth, and the Valuation of Shares (1961)Dividend Policy, Growth, and …The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (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)Prices for State-Contingent Claims: Some Estimates and Applications (1978)Residual Earnings Valuation With Risk and Stochastic Interest Rates (1999)A real options evaluation model for the diffusion prospects of new renewable power generation technologies (2006)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Corporate financing and investment decisions when firms have information that investors do not have (1984)The Capital Structure Puzzle (1984)A Survey of Corporate Governance (1997)DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES (1956)The Behavior of Stock-Market Prices (1965)An equilibrium characterization of the term structure (1977)Investment Under Uncertainty. (1994)Electricity Prices and Power Derivatives: Evidence from the Nordic Power Exchange (2002)What do we learn from the price of crude oil futures? (2010)The Fundamentals of Commodity Futures Returns (2012)The Nature of Option Interactions and the Valuation of Investments with Multiple Real Options (1993)National Innovation Systems: Why They Are Important, And How They Might Be Measured And Compared (1994)Technologies, Products and Organization in the Innovating Firm: What Adam Smith Tells Us and Joseph Schumpeter Doesn't (1998)Financial statement analysis (2007)The Value of Waiting to Invest (1982)Irreversibility, Uncertainty, and Investment (1990)Investment and Hysteresis (1992)Effects of Air Quality Regulation on in Polluting Industries (1997)Investment under market and climate policy uncertainty (2008)Climate Regulatory Risk and Corporate Bonds (2022)Capital Equipment Analysis: The Required Rate of Profit (1956)An Intertemporal Capital Asset Pricing Model (1973)Real Options as Engines of Choice and Heterogeneity (2004)Real Options Analysis: Where Are the Emperor's Clothes? (2005)The impact of macroeconomic uncertainty on non‐financial firms' demand for liquidity (2006)Cost of Capital Estimation and Capital Budgeting Practice in Australia (2007)Corporate disclosure, cost of capital and reputation: Evidence from finance directors (2008)Improved capital budgeting decision making: evidence from Canada (2010)The Pricing of Options and Corporate Liabilities (1973)Common risk factors in the returns on stocks and bonds (1993)Capital markets research in accounting (2001)Policy Uncertainty and Corporate Investment (2015)
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References

  • 1964CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK*19,431 cited
  • 1977Determinants of corporate borrowing13,160 cited
  • 1994Investment under Uncertainty9,016 cited
  • 1961Dividend Policy, Growth, and the Valuation of Shares6,554 cited
  • 1997The Stochastic Behavior of Commodity Prices: Implications for Valuation and Hedging2,116 cited
  • 1984Finance Theory and Financial Strategy818 cited
  • 1993Investments of uncertain cost480 cited
  • 1977Risk-adjusted discount rates and capital budgeting under uncertainty392 cited
  • 1977CAPITAL BUDGETING AND THE CAPITAL ASSET PRICING MODEL: GOOD NEWS AND BAD NEWS347 cited
  • 2000The Theory‐Practice Gap in Capital Budgeting: Evidence from the United Kingdom273 cited
  • 1966CONCEPTUAL PROBLEMS IN THE USE OF RISK‐ADJUSTED DISCOUNT RATES*250 cited
  • 2002Time Horizon and the Discount Rate229 cited
  • 1993Reversion, Timing Options, and Long-Term Decision-Making123 cited
  • 1998Alternative Models of Uncertain Commodity Prices for Use with Modern Asset Pricing Methods108 cited
  • 2005Valuing uncertain asset cash flows when there are no options: A real options approach94 cited

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  • 2004Incorporating technical uncertainty in real option valuation of oil projects81 cited
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