000 02422nam a22004335i 4500
001 978-3-540-48268-0
003 DE-He213
005 20161121230959.0
007 cr nn 008mamaa
008 100301s2007 gw | s |||| 0|eng d
020 _a9783540482680
_9978-3-540-48268-0
024 7 _a10.1007/978-3-540-48268-0
_2doi
050 4 _aHG1-HG9999
072 7 _aKFF
_2bicssc
072 7 _aBUS027000
_2bisacsh
082 0 4 _a332
_223
100 1 _aFriedl, Gunther.
_eauthor.
245 1 0 _aReal Options and Investment Incentives
_h[electronic resource] /
_cby Gunther Friedl.
264 1 _aBerlin, Heidelberg :
_bSpringer Berlin Heidelberg,
_c2007.
300 _aXIII, 119 p. 4 illus.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 _aInstitutional and Methodological Background for the Analysis of Investment Incentives -- Capital Rationing as an Incentive Instrument for Growth Options -- Residual Income as a Performance Measure for Switching Options -- Residual Income as a Performance Measure in the Presence of Waiting Options -- Implications and Conclusions.
520 _aMany large corporations delegate investment decision-making authority to their divisions. Because they are better informed, divisional managers should be able to make better decisions than corporate headquarters. However, they can use this informational advantage to pursue their own interests. The objective of this work is to analyze the problem of delegated decision-making within firms when investment projects are characterized by the possibility to make subsequent decisions after the initial investment decision has been made. By analyzing this question, the monograph combines and unifies two important lines of literature: on the one hand the literature on controlling investment decisions, on the other hand the investment valuation literature.
650 0 _aFinance.
650 0 _aAccounting.
650 0 _aBookkeeping.
650 1 4 _aFinance.
650 2 4 _aFinance, general.
650 2 4 _aAccounting/Auditing.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer eBooks
776 0 8 _iPrinted edition:
_z9783540482666
856 4 0 _uhttp://dx.doi.org/10.1007/978-3-540-48268-0
912 _aZDB-2-SBE
950 _aBusiness and Economics (Springer-11643)
999 _c506770
_d506770