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The Role of Real Options in Capital Budgeting Theory and Practice文档.pdf

发布：2018-04-19约9.56万字共14页下载文档

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| | VOLUME 18 NUMBER 2 SPRING 2006 Journal of APPLIED CORPORATE FINANCE A M O R G A N S T A N L E Y P U B L I C A T I O N In This Issue: Valuation, Capital Budgeting, and Value-Based Management London Business School Roundtable on Shareholder Activism in the U.K. 8 Panelists: Victor Blank, GUS Plc and Trinity Mirror Plc; Alastair Ross Goobey, Morgan Stanley International; Julian Franks, London Business School; Marco Becht, Université Libre de Bruxelles; David Pitt-Watson, Hermes Focus Asset Man- agement; Anita Skipper, Morley Fund Management; and Brian Magnus, Morgan Stanley. Moderated by Laura Tyson, London Business School, and Colin Mayer, Oxford University The Role of Real Options in Capital Budgeting: Theory and Practice 28 Robert L. McDonald, Northwestern University How K

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