A REAL OPTIONS APPLICATION TO THE FISHING VESSEL SCRAPPING DECISION OF VESSEL BUYBACK PROGRAMS

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Title:	A REAL OPTIONS APPLICATION TO THE FISHING VESSEL SCRAPPING DECISION OF VESSEL BUYBACK PROGRAMS
Authors:	李堯賢 Lee, Yao-Hsien
Contributors:	財務管理學系 Finance
Keywords:	real options;vessel buyback program;vessel-scrapping decision;profit uncertainty
Date:	2004
Issue Date:	2014-06-27 10:38:15 (UTC+8)
Abstract:	This paper adopts the real options approach to examine vessel owners behavior in deciding whether to participate or not in the vessel buyback programs. The model allows us to investigate profit uncertainty in a decision to retire an aged vessel and the un
Appears in Collections:	[Department of Finance] Journal Articles

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