search query: @author Pitts, C. G. C. / total: 2
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| Author: | Busby, J. S. Pitts, C. G. C. |
| Title: | Real options in practice: An exploratory survey of how finance officers deal with flexibility in capital appraisal |
| Journal: | Management Accounting Research
1997 : JUNE, VOL. 8:2, p. 169-186 |
| Index terms: | OPTIONS BONDS FLEXIBILITY INVESTMENTS UNCERTAINTY |
| Language: | eng |
| Abstract: | This survey suggests that real options often occur in investment projects, and are moderately important in influencing the support of decision-makers for an investment proposal. There is a substantial variation among companies in both frequency of occurrence and importance of these options. Whereas some decision-makers value the presence of real options, others regard options as being undesirable when seeking the commitment of an organization to a proposed plan of action. Most decision-makers could recall an investment which had options, and more than half of these options had been exercised. Yet only half the time was the existence of these options necessary for the initial sanctioning of the investments. |
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