Problem of Investment Analysis Occasioned by the Uncertainty of Factor Element in Imo State, Nigeria
By Odenigbo O. A., Nwanekezi, S. C., Agbagha, E. M.Uncertainty
in property investment in Nigeria is associated with several factors that
comprises of political, economic, environmental and social. In managing the
uncertainty, various investment analysis which are grouped into; traditional,
probabilistic and contemporary appraisal are adopted. The investment analysis
procedures have their associated shortcomings in managing uncertainty factors
and these were review in the present paper as regards to emerging market for
property investment in Imo State. The review revealed that traditional
investment analysis inadequately explores implications of connections between
irreversibility; timing choice, probabilistic method and uncertainty do not
provide needed guidance as concerns which course of action would assure optimum
returns while the contemporary appraisal has the propensity for miscalculations
and misinterpretation of appraisal estimate among others. Also, the review
observed limited uncertainty studies in the interested market and therefore
recommended further empirical studies.