Investment timing and implied option value for risk-aversion entrepreneurs under macroeconomic risk
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DOI: 10.1016/j.iref.2024.103463
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More about this item
Keywords
Investment timing; Implied option value; Risk aversion; Macroeconomic risk;All these keywords.
JEL classification:
- E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
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