Real Options Theory Vol: 24

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Product Details
05 Jul 2007
Emerald Group Publishing Limited
520 pages - 156 x 234 x 28mm
Advances in Strategic Management


Real options theory has attracted significant interest in the field of strategic management. Advocates of the approach emphasize that importing concepts from financial economics holds out the potential of yielding new insights on strategic decision-making under uncertainty as well as boundary-of-the-firm issues that are the focus of competitive and corporate strategy. While considerable progress has been made in conceptualizing different types of real options for various strategic investments, considerably less has been done to empirically validate the core propositions of real options theory. As a result there is much debate about the merits and promise of real options in strategy.In light of the recent interest in real options as well as these trends in the field, this volume examines the ways in which real options theory can contribute to strategic management. This volume offers conceptual pieces that trace out pathways for the theory to move forward and presents new research on the implications of real options for strategic investment, organization, and firm performance. The compendium synthesizes and critiques the research on real options as well as offers a catalyst for further research on this theory in the strategy field. It seeks to examine the ways in which real options theory can contribute to strategic management. It includes conceptual pieces that unearth some of the key stumbling blocks and trace out pathways for real options theory to move forward. It presents theoretical and empirical analyses of real options in different strategic contexts.
Real Options in Strategic Management. Real Options: Taking Stock and Looking Ahead. Real Options Theory and International Strategy: A Critical Review. Joint Ventures and Real Options: An Integrated Perspective. How Do Real Options Matter? Empirical Research on Strategic Investments and Firm Performance. Strategic Growth Options in Network Industries. Market Versus Managerial Valuations of Real Options. Deferral and Growth Options Under Sequential Innovation. Business Method Patents as Real Options: Value and Disclosure as Drivers of Litigation. Managing a Portfolio of Real Options. Capabilities, Real Options, and the Resource Allocation Process. Real Options Meet Organizational Theory: Coping with Path Dependencies, Agency Costs, and Organizational Form. Real Options and Resource Reallocation Processes. Why Invest in Firm-Specific Human Capital? A Real Options View of Employment Contracts. An Examination of Options Embedded in a Firm's Patents: The Value of Dispersion in Citations. Technology Switching Option and the Market Value of the Firm: A Model and an Empirical Test. Strategic Implications of Valuation: Evidence from Valuing Growth Options. An Empirical Examination of Management of Real Options in the U.S. Venture Capital Industry. List of Contributors.

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