CREATING FIRM VALUE: LINKING DEMAND UNCERTAINTY, ADAPTATION VERSUS REPLACEMENT INVESTMENTS, AND RISK
Real assets investment can relate to real options. This study aims at analysing the effect of demand uncertainty on replacement investment and adaptation investment supported by manager’s attitude towards risk and the effect of each investment type on firm values. The 352 observation data was collec...
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| Format: | Article |
| Language: | English |
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Universitas Padjadjaran
2020-03-01
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| Series: | Jurnal Bisnis dan Manajemen |
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| Online Access: | http://journal.feb.unpad.ac.id/index.php/jbm/article/view/461 |