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Real options are important factors in investment decision-making process which simple discounted cash flow techniques (DCF) ignore them. In the absence of explicit real option models in practice it is interesting to see how financial managers take into account real option values. Anecdotal evidence...

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Bibliographic Details
Main Author: دکتر محسن دستگیر
Format: Article
Language:fas
Published: University of Tehran 2004-06-01
Series:بررسی‌های حسابداری و حسابرسی
Subjects:
Capital Budgeting
Hurdle Rates
Irreversibility and Uncertainty
Real Options
Online Access:https://acctgrev.ut.ac.ir/article_10450_931f1b2f3794145d2bff3ae435d5119f.pdf
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spelling doaj-17076518ed9148f2a3fb64611ccc60352020-11-24T21:22:37Zfas University of Tehranبررسی‌های حسابداری و حسابرسی2645-80202645-80392004-06-0111210450-دکتر محسن دستگیرReal options are important factors in investment decision-making process which simple discounted cash flow techniques (DCF) ignore them. In the absence of explicit real option models in practice it is interesting to see how financial managers take into account real option values. Anecdotal evidence suggests that investment decision-makers may use hurdle rates far in excess of their cost of capital to account for the real option values. The findings confirm the real option awareness and the use of real options in an ad hoc heuristic way by financial mangers in the large UK firms.https://acctgrev.ut.ac.ir/article_10450_931f1b2f3794145d2bff3ae435d5119f.pdfCapital BudgetingHurdle RatesIrreversibility and UncertaintyReal Options
collection DOAJ
language fas
format Article
sources DOAJ
author دکتر محسن دستگیر
spellingShingle دکتر محسن دستگیر
-
بررسی‌های حسابداری و حسابرسی
Capital Budgeting
Hurdle Rates
Irreversibility and Uncertainty
Real Options
author_facet دکتر محسن دستگیر
author_sort دکتر محسن دستگیر
title -
title_short -
title_full -
title_fullStr -
title_full_unstemmed -
title_sort -
publisher University of Tehran
series بررسی‌های حسابداری و حسابرسی
issn 2645-8020
2645-8039
publishDate 2004-06-01
description Real options are important factors in investment decision-making process which simple discounted cash flow techniques (DCF) ignore them. In the absence of explicit real option models in practice it is interesting to see how financial managers take into account real option values. Anecdotal evidence suggests that investment decision-makers may use hurdle rates far in excess of their cost of capital to account for the real option values. The findings confirm the real option awareness and the use of real options in an ad hoc heuristic way by financial mangers in the large UK firms.
topic Capital Budgeting
Hurdle Rates
Irreversibility and Uncertainty
Real Options
url https://acctgrev.ut.ac.ir/article_10450_931f1b2f3794145d2bff3ae435d5119f.pdf
_version_ 1725995036221374464

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