The optimal time to make a risky investment under a permanent exit option
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DOI: 10.1007/s10845-017-1299-1
Abstract: We study an optimal investment policy of a risky project when there exists the possibility that a firm may permanently exit the business under deeply deteriorated market conditions in the future. To capture the riskiness… read more here.
Keywords: permanent exit; uncertainty; exit option; investment ... See more keywords