To Buy or Not to Buy? Uncertainty, Irreversibility, and Heterogeneous Investment Dynamics in Italian Company Data.

This study tests for the presence of real options effects induced by uncertainty and (partial) irreversibility on fixed capital investment using Italian company data. Our approach recognizes that firm-level investment spending may, itself, be aggregated over multiple investment decisions in separate...

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Bibliographic Details
Main Authors: Bond, S, Lomardi, D
Format: Journal article
Language:English
Published: Palgrave Macmillan 2006