INVESTMENT AND THE VALUATION OF FIRMS WHEN THERE IS AN OPTION TO SHUT DOWN

被引:353
作者
MCDONALD, RL
SIEGEL, DR
机构
关键词
D O I
10.2307/2526587
中图分类号
F [经济];
学科分类号
02 ;
摘要
引用
收藏
页码:331 / 349
页数:19
相关论文
共 17 条
[1]  
ABEL AB, 1983, AM ECON REV, V73, P228
[2]   ENERGY PRICE UNCERTAINTY AND OPTIMAL FACTOR INTENSITY - A MEAN-VARIANCE ANALYSIS [J].
ABEL, AB .
ECONOMETRICA, 1983, 51 (06) :1839-1845
[3]   PRICING OF COMMODITY CONTRACTS [J].
BLACK, F .
JOURNAL OF FINANCIAL ECONOMICS, 1976, 3 (1-2) :167-179
[4]   PRICING OF OPTIONS AND CORPORATE LIABILITIES [J].
BLACK, F ;
SCHOLES, M .
JOURNAL OF POLITICAL ECONOMY, 1973, 81 (03) :637-654
[5]  
Brealey R. A., 1984, PRINCIPLES CORPORATE
[6]   MARKET RISK ADJUSTMENT IN PROJECT VALUATION [J].
CONSTANTINIDES, GM .
JOURNAL OF FINANCE, 1978, 33 (02) :603-616
[7]  
DIETRICH J, 1980, EC INQUIRY, V18, P961
[8]   CALL OPTION PRICING WHEN EXERCISE PRICE IS UNCERTAIN, AND VALUATION OF INDEX BONDS [J].
FISCHER, S .
JOURNAL OF FINANCE, 1978, 33 (01) :169-176
[9]   DEMAND FOR INDEX BONDS [J].
FISCHER, S .
JOURNAL OF POLITICAL ECONOMY, 1975, 83 (03) :509-534
[10]   EFFECTS OF PRICE AND COST UNCERTAINTY ON INVESTMENT [J].
HARTMAN, R .
JOURNAL OF ECONOMIC THEORY, 1972, 5 (02) :258-266