International Investment: Value Creation and Appraisal
- List Price: $48.00
- Publisher: Handelshojskolens Forlag
- Publish date: 01/01/2008
- ISBN: 9788716133885
- ISBN10: 8716133889
One of the most important areas in which the basic, traditional capital budgeting model needs refinement is in allowing for the fact that a particular investment may endow operating options -- for example, to expand further if so desired, or to disengage if adverse circumstances prevail. This flexibility is not part of the traditional capital budgeting model.