Now showing items 1-2 of 2
Booms, Recessions and Financial Turmoil: A Fresh Look at Investment Decisions under Cyclical Uncertainty
(University of DundeeHamburg University, 2009)
The paper studies the interaction between cyclical uncertainty and investment in a stochastic real option framework where demand shifts stochastically between three different states, each with different rates of drift and ...
Political Risk, Economic Integration, and the Foreign Direct Investment Decision
(University of DundeeHamburg University, 2008)
In this paper we analyse the impact of policy uncertainty on foreign direct investment strategies. We also consider the impact of economic integration upon FDI decisions. The paper follows the real options approach, which ...