.png){kind=icon}
.png){kind=icon}
Return
Real options: Added return versus added risk
.png){kind=icon}
OA
AI
DOI：10.1016/j.jeconbus.2025.106276.png)
.png){kind=icon}
.png){kind=icon}
Share.png){kind=icon}
Save
Abstract
En 中文
• Most generally, real options increase risk for a firm holding them, just as they increase that firm’s return. • The first exception to that general result is that the firm’s risk is reduced by the presence of the abandonment option. • The second exception is that the firm’s risk is reduced by the option to alter the firm’s operating scale. • The third exception is that risk is cut by the switching option if the destination has less random cash flow than the origin.
Keywords:
Real options
Risk
Return
Resource allocation
AI Summary
Key information extracted from the uploaded paper, including a brief overview, abstract, background, key highlights, visual analysis, and future outlook.
Journal
J
IF:
3.4
Papers:
19
Citations:
0
Organization
No organization information available