Time to Build, Option Value, and Investment Decisions
收藏NBER1985-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w1654
下载链接
链接失效反馈官方服务：
资源简介：
Many investment projects have the following characteristics: (i) spending decisions and cash outlays occur sequentially over time, (ii) there is a maximum rate at which outlays and construction can proceed -- it takes "time to build," and (iii) the project yields no cash return until it is actually
诸多投资项目具备如下特征：(i) 支出决策与现金支出随时间依次发生；(ii) 现金支出与工程建设的推进存在最大速率限制——即存在“建设耗时（time to build）”；(iii) 该项目在实际完成前不会产生任何现金回报，直至其实际
提供机构：
美国国家经济研究局
创建时间：
1985-06-01
