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Investment under Uncertainty
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“Dixit and Pindyck [155] showed that the NPV decision-making criterion ignores the flexibility afforded by the embedded real (i.e., non-financial) options because managers can obtain the right, but not the obligation to take a further strategic action at a future date.”
From Strategizing carbon-neutral mines: A case for pilot projects (2014) · cites this paper as [155]
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Metadata
- Authors
- Dixit, R. K., & Pindyck, R. S.
- ORCID
- Pindyck, Robert S.
- Venue
- Princeton University Press eBooks
- Publisher
- Princeton University Press
- Published
- 1994-12-31
- OpenAlex
- W4365787967
- Cited by
- 9,029
- References
- 0
- Citations by year
- 2026: 585 · 2025: 378 · 2024: 319 · 2023: 327 · 2022: 317 · 2021: 342 · 2020: 339 · 2019: 368 · 2018: 362 · 2017: 400 · 2016: 347 · 2015: 325 · 2014: 336 · 2013: 387 · 2012: 372
- FWCI
- 132.66
- Type
- book
- Language
- en
- Open access
- closed
- Locations
- Princeton University Press eBooks (publishedVersion)
- Topics
- Social Sciences › Economics, Econometrics and Finance › Finance › Capital Investment and Risk Analysis
- Social Sciences › Decision Sciences › General Decision Sciences › Decision-Making and Behavioral Economics
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic theories and models
- Keywords
- investment under uncertainty, capital investment, risk, capital budgeting
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