Evaluating real options as a means for investment appraisal under uncertainty and its degree of utilisation by companies Rutilius Taurus Aemilianus Kurzfassung3

Kurzfassung3

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Evaluating real options as a means for investment appraisal under uncertainty and its degree of utilisation by companies Rutilius Taurus Aemilianus Kurzfassung3Inhaltsangabe: Abstract: This paper evaluates the real options approach (ROA) as a means for appraising capital investments under uncertainty. Globalisation and growing competitiveness have led to an increase in uncertainty with regard to companies? decision making. Flexibility to react to this uncertainty has become more important. The question arises whether there is a need for a further investment appraisal technique or whether traditional