Efficacy and Problems of Option Value Evaluation : A Research on Accuracy enhancement of Investment Decision-making

2014 Fiscal Year Final Research Report

• Project/Area Number: 25885108
• Research Category: Grant-in-Aid for Research Activity Start-up
• Allocation Type: Single-year Grants
• Research Field: Accounting
• Research Institution: Kansai Gaidai University
• Principal Investigator: KITAO NOBUO 関西外国語大学, 国際言語学部, 准教授 (00708969)
• Project Period (FY): 2013-08-30 – 2015-03-31
• Keywords: 管理会計 / リアルオプション / 資本予算 / 投資意思決定

Outline of Final Research Achievements

Recently, many companies recorded the huge impairment losses by failure of investment decision-making, which is one of the causes of today’s stagnating Japanese economy. In order to contribute to accuracy enhancement of investment decision-making, this study analyzed the data acquired by having interviews with businessmen and questionnaire survey.
This study sorted out the problems when the managers make post-investment decisions such as “termination” “contraction” “deferment” “diversion” “expansion” according to the situation flexibly and showed the framework of post-investment evaluation to make more appropriate decision.

Free Research Field

管理会計