Abstract

The implementation of investment projects with a high-risk component, as well as innovative projects, is necessary for enterprises, despite the low values of the performance criteria. The theory of managerial options (real options valuation) is a tool that allows one to identify and evaluate additional opportunities (options) inherent in the project, which increase the efficiency of the original project and make it more attractive to potential investors. The mechanism considered in the study, in which the option to increase production volumes is used, allows an initially unprofitable project to be brought to a qualitatively new level.

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