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Towards a Well-Founded Valuation of Managerial Fleibilities in IT Investment Projects - A Multidisciplinary Literature Review

Heinrich, Bernd, Müller, Marcel, Stoeckl, Sebastian and Zimmermann, Steffen (2015) Towards a Well-Founded Valuation of Managerial Fleibilities in IT Investment Projects - A Multidisciplinary Literature Review. SSRN.

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Date of publication of this fulltext: 16 Nov 2015 08:35

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Other URL: http://ssrn.com/abstract=2575521, http://dx.doi.org/10.2139/ssrn.2575521


Abstract

In the IS literature standard financial option pricing models are predominantly used to value real options embedded in uncertain IT projects. Based on a multidisciplinary literature review, we discuss the assumptions implicit in the prevalent Black-Scholes model and argue for relaxed assumptions that better represent characteristics of uncertain IT projects. This is followed by a discussion of ...

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Item type:Article
Date:2015
Institutions:Business, Economics and Information Systems > Institut für Wirtschaftsinformatik > Lehrstuhl für Wirtschaftsinformatik II (Prof. Dr. Bernd Heinrich)
Identification Number:
ValueType
10.2139/ssrn.2575521DOI
Classification:
NotationType
G11Journal of Economics Literature Classification
G13Journal of Economics Literature Classification
Keywords:Real Options Analysis, Black-Scholes Model, Assumptions, Characteristics of IT Projects, Multidisciplinary Literature Review
Dewey Decimal Classification:300 Social sciences > 330 Economics
Status:Published
Refereed:Yes, this version has been refereed
Created at the University of Regensburg:Yes
Item ID:32770
Owner only: item control page

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