Speculative Behavior in Vacant Land Development: Evidence for Real Options in Malaysia

The development of vacant land may be seen from a real options perspective-owners of vacant land have the incentive to delay developing the land and keep their options open (keep the lands undeveloped) if they believe that future development will yield higher value. We investigate whether there is s...

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Bibliographic Details

Main Authors:	Razak, MZ, Khalid, H, Mohamad, A
Format:	Article
Language:	English en_US
Published:	Wiley 2024
Subjects:	Real options Vacant land development Speculative behavior Malaysia
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