This book recommends and examines the various approaches to
incorporating an accurate measure of risk into the appraisal of an
international investment. It considers the way in which decisions
on international investment projects are taken and how they should
be. It critiques and integrates existing theories, including the
global capital asset pricing rule of financial theory, theories of
strategy making and the real options approach, to show how risk
should be incorporated into the present value formula and its
various elements to produce a clear decision rule.
General
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