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Are real options more valuable in the presence of agency conflicts?

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  • Barbara Harreiter

  • Thomas Pfeiffer

  • Georg Schneider

Abstract

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Suggested Citation

  • Barbara Harreiter & Thomas Pfeiffer & Georg Schneider, 2007. "Are real options more valuable in the presence of agency conflicts?," Review of Managerial Science, Springer, vol. 1(3), pages 185-207, November.
    • Handle: RePEc:spr:rvmgts:v:1:y:2007:i:3:p:185-207
    DOI: 10.1007/s11846-007-0011-9
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    References listed on IDEAS

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    1. Sunil Dutta & Stefan Reichelstein, 1999. "Performance Measurement in Multi-Period Agencies," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 155(1), pages 158-158, March.
    2. Avinash K. Dixit & Robert S. Pindyck, 1994. "Investment under Uncertainty," Economics Books, Princeton University Press, edition 1, number 5474.
    3. Gunther Friedl, 2002. "Sequential Investment And Time To Build," Schmalenbach Business Review (sbr), LMU Munich School of Management, vol. 54(1), pages 56-79, January.
    4. Canice Prendergast, 1999. "The Provision of Incentives in Firms," Journal of Economic Literature, American Economic Association, vol. 37(1), pages 7-63, March.
    5. Rick Antle & Peter Bogetoft & Andrew W. Stark, 2007. "Incentive Problems and Investment Timing Options," Springer Books, in: Rick Antle & Frøystein Gjesdal & Pierre Jinghong Liang (ed.), Essays in Accounting Theory in Honour of Joel S. Demski, chapter 0, pages 145-168, Springer.
    6. Anil Arya & Jonathan Glover, 2001. "Option Value to Waiting Created by a Control Problem," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 39(3), pages 405-415, December.
    7. Kenneth J. Arrow & Anthony C. Fisher, 1974. "Environmental Preservation, Uncertainty, and Irreversibility," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 88(2), pages 312-319.
    8. Henry, Claude, 1974. "Investment Decisions Under Uncertainty: The "Irreversibility Effect."," American Economic Review, American Economic Association, vol. 64(6), pages 1006-1012, December.
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    JEL classification:

    • D86 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Economics of Contract Law

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