"Investment decision-making under the emission allowances trading system (real option approach)" . . . "Investment decision-making under the emission allowances trading system (real option approach)"@en . . . "9"^^ . . "RIV/61989100:27510/09:00018533!RIV10-GA0-27510___" . "15" . . "This paper is focused on the investments, which lead to the polluting decrease. Companies polluting emissions have to reduce the quantity of emissions to meet the target level. There are two ways how to do it: first, to invest in a new technologies leading to the emission reduction or, to buy emission allowances from other firm. It is apparent that emission allowances and their prices affect importantly decision strategies. The result is that investment process is under emission trade system more complicated and new investment policy decision tools and techniques must be employed. In the first part, fundamentals of emission trade system and its impact on financial decision?making is described, in the second part, an illustrative example of a pollution decreasing investment using real option approach is stated." . . "Investment decision-making under the emission allowances trading system (real option approach)"@en . "1"^^ . . . "CZ - \u010Cesk\u00E1 republika" . "[4473D76453E5]" . "1"^^ . "This paper is focused on the investments, which lead to the polluting decrease. Companies polluting emissions have to reduce the quantity of emissions to meet the target level. There are two ways how to do it: first, to invest in a new technologies leading to the emission reduction or, to buy emission allowances from other firm. It is apparent that emission allowances and their prices affect importantly decision strategies. The result is that investment process is under emission trade system more complicated and new investment policy decision tools and techniques must be employed. In the first part, fundamentals of emission trade system and its impact on financial decision?making is described, in the second part, an illustrative example of a pollution decreasing investment using real option approach is stated."@en . . "P(GP402/07/P121)" . . . "1" . "\u010Cul\u00EDk, Miroslav" . . "Real option; option to defer; emission allowance; underlying asset; decision function."@en . "ECON '08" . . . . "320356" . "RIV/61989100:27510/09:00018533" . "Investment decision-making under the emission allowances trading system (real option approach)" . . "1803-3865" . "27510" .