Please use this identifier to cite or link to this item:
|Type:||Artigo de evento|
|Title:||The Effects Of Environmental Studies Requirement On The Investment Decision Process Under Real Options Approach: A Case Study Of Recent Brazilian Petroleum Industry|
|Abstract:||Investment analysis based solely on the NPV criteria may not always promote an efficient resource allocation because of its inability to incorporate implicit management's options present during the project's life. On the other hand, real options model may produce more realistic results by incorporating value derived from the interaction of uncertainty, irreversibility, and managerial freedom. This paper explores the results of both traditional discounted cash flow and real options models in approaching the problem of delays in the start up of oil production due to additional environmental requirements.|
|Appears in Collections:||Unicamp - Artigos e Outros Documentos|
Files in This Item:
There are no files associated with this item.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.