Real Options and Investment Incentives

Viac o knihe

The book explores the complexities of delegated investment decision-making within corporations, highlighting the potential for divisional managers to exploit their informational advantages for personal gain. It delves into the dynamics of initial investment decisions and the implications of subsequent choices, offering a comprehensive analysis that bridges two significant areas of study: controlling investment decisions and investment valuation. Through this examination, the work aims to provide insights into optimizing decision-making processes in large organizations.