Entry and exit decisions with switching regime cash flows
(2012) International Journal of Managerial Finance — Vol. 8, n° 1, p. 58-72 (2012)
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- Authors
- Abstract
- The purpose of this paper is to propose a method to plan entry and exit times of a project delivering cash flows influenced by business cycles. In this setting, the profit yield by the project are driven by a geometric Brownian motion whose mean and variance switch between a finite number of regimes.
- Affiliations
Rennes School of Business Finance
Citations
Hainaut, D. (2012). Entry and exit decisions with switching regime cash flows. International Journal of Managerial Finance, 8(1), 58-72. https://doi.org/10.1108/17439131211201031 (Original work published 2012)