Journal article
Implementation lag and the investment decision
Abstract
The effect of implementation lag on investment trigger depends on project reversibility and growth rate. Conventional results (that longer lag and greater uncertainty raise investment trigger) are overturned if the project is sufficiently reversible and/or has a high enough growth rate.
Authors
Sarkar S; Zhang C
Journal
Economics Letters, Vol. 119, No. 2, pp. 136–140
Publisher
Elsevier
Publication Date
May 2013
DOI
10.1016/j.econlet.2013.02.018
ISSN
0165-1765