dc.contributor.author | Horn, Anders | |
dc.contributor.author | Kjærland, Frode | |
dc.contributor.author | Molnar, Peter | |
dc.contributor.author | Steen, Beate Wollen | |
dc.date.accessioned | 2017-10-03T07:40:21Z | |
dc.date.available | 2017-10-03T07:40:21Z | |
dc.date.created | 2015-08-18T12:05:52Z | |
dc.date.issued | 2015 | |
dc.identifier.citation | International Review of Financial Analysis. 2015, 41 74-81. | nb_NO |
dc.identifier.issn | 1057-5219 | |
dc.identifier.uri | http://hdl.handle.net/11250/2457920 | |
dc.description.abstract | We survey the CFOs of 1500 largest companies from Norway, Denmark and Sweden (500 from each country) about their capital budgeting process with focus on the real option analysis. Only 6% of the respondents use real options, whereas the most used technique, the net present value, is used by 74% of the CFOs. Real options are more often used by companies in the energy and biotech sectors, large companies and companies with high capital and R&D expenditures. Lack of familiarity is the most important reason for non-use, where 70% of respondents report to not be familiar with real option concepts and techniques. For the respondents familiar with the framework, the complexity of real options is the main hinder for implementation. | nb_NO |
dc.language.iso | eng | nb_NO |
dc.publisher | Elsevier | nb_NO |
dc.rights | Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal | * |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/4.0/deed.no | * |
dc.title | The use of real option theory in Scandinavia's largest companies | nb_NO |
dc.type | Journal article | nb_NO |
dc.type | Peer reviewed | nb_NO |
dc.description.version | acceptedVersion | nb_NO |
dc.source.pagenumber | 74-81 | nb_NO |
dc.source.volume | 41 | nb_NO |
dc.source.journal | International Review of Financial Analysis | nb_NO |
dc.identifier.doi | 10.1016/j.irfa.2015.05.026 | |
dc.identifier.cristin | 1258566 | |
dc.relation.project | Norges forskningsråd: 228811 | nb_NO |
dc.relation.project | Norges forskningsråd: 199908 | nb_NO |
dc.description.localcode | © 2015. This is the authors’ accepted and refereed manuscript to the article. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/ | nb_NO |
cristin.unitcode | 194,60,25,0 | |
cristin.unitcode | 194,60,10,0 | |
cristin.unitname | Institutt for industriell økonomi og teknologiledelse | |
cristin.unitname | NTNU Handelshøyskolen | |
cristin.ispublished | true | |
cristin.fulltext | postprint | |
cristin.qualitycode | 1 | |