Investment timing, asymmetric information, and audit structure: a real options framework

DOI10.1016/j.jedc.2008.10.005zbMath1170.91400OpenAlexW1968782030MaRDI QIDQ2271679

Takashi Shibata

Publication date: 7 August 2009

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2008.10.005

zbMATH Keywords

auditasymmetric informationreal optionsagency conflicts

Mathematics Subject Classification ID

Economic models of real-world systems (e.g., electricity markets, etc.) (91B74) Corporate finance (dividends, real options, etc.) (91G50)

Related Items (8)

Dynamic investment and capital structure under manager-shareholder conflict ⋮ Strategic investment timing under asymmetric access charge regulation in telecommunications ⋮ Investment strategies, reversibility, and asymmetric information ⋮ Default and liquidation timing under asymmetric information ⋮ Interactions between investment timing and management effort under asymmetric information: costs and benefits of privatized firms ⋮ Optimal procurement and investment in new technologies under uncertainty ⋮ Investment Timing and Quantity Strategies under Asymmetric Information ⋮ Agency problems in public-private partnerships investment projects

Cites Work

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• Optimal contracts and competitive markets with costly state verification
• Real investment decisions under adjustment costs and asymmetric information
• On the investment-uncertainty relationship in a real options model
• Real options and preemption under incomplete information
• The impacts of uncertainties in a real options model under incomplete information
• R&D Investments with Competitive Interactions
• Strategic Delay in a Real Options Model of R&D Competition

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