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 ther...

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Bibliographic Details

Main Authors:	Razak M.Z., Khalid H., Mohamad A.
Other Authors:	Faculty of Science and Technology
Format:	Article
Language:	English en_US
Published:	Blackwell Publishing Ltd 2024
Subjects:	Malaysia Real options Speculative behavior Vacant land development
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