| 单词 | option value |
| 释义 | option value The value of being able to put off decisions. If one invests in a project now one's capital is sunk in it. Market conditions may then change to make the project more or less profitable. If the decision is deferred, one can invest next year if the market improves, or abandon the project if the market worsens. Option value is the expected benefit from delaying a decision. The option value of ability to delay investments helps to explain the existence of liquidity preference, since holding cash does not commit one to any particular form of future expenditure. If a market is expected to improve rapidly, or there is a danger that competitors may enter it first, option value may be negative, in which case it pays to invest now. |
| 随便看 |
|
英汉经管词典收录了3426条经济管理类英汉双解词条，基本涵盖了经济学、管理学、金融学、会计学、证券期货、商务活动等领域的常用英语单词及短语词组的翻译及用法，是学习及工作的有利工具。