Abstract

http://ssrn.com/abstract=1138464
 
 

References (96)



 
 

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Real Options: Taking Stock and Looking Ahead


Yong Li


State University of New York at Buffalo

Barclay E. James


University of Illinois at Urbana-Champaign - College of Business

Ravi Madhavan


University of Pittsburgh

Joseph T. Mahoney


University of Illinois


Advances in Strategic Management, Vol. 24, pp. 31-66

Abstract:     
We discuss recent developments in real options theory and its applications to strategic management research, examine the potential difficulties in implementing real options in theory and practice, and propose several areas for future research. Our review shows that real options theory has provided substantial insights into investment and exit decisions as well as into the choice of investment modes. In addition, extant research studies have contributed significantly to our understanding of whether and how organizations can benefit from real options. Future research that addresses difficulties in applications will further advance both real options theory and practice in strategic management. We call for future generations of research to enhance the impact of real options as an emerging dominant conceptual lens in strategic management.

Number of Pages in PDF File: 49

Keywords: Real options, uncertainty, investment decisions, governance, and performance

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Date posted: May 28, 2008 ; Last revised: January 31, 2010

Suggested Citation

Li, Yong and James, Barclay E. and Madhavan, Ravi and Mahoney, Joseph T., Real Options: Taking Stock and Looking Ahead. Advances in Strategic Management, Vol. 24, pp. 31-66. Available at SSRN: http://ssrn.com/abstract=1138464

Contact Information

Yong Li (Contact Author)
State University of New York at Buffalo ( email )
326 Jacobs Management Center
Amherst, NY 14260
United States
Barclay E. James
University of Illinois at Urbana-Champaign - College of Business ( email )
Champaign, IL 61820
United States
Ravindranath Madhavan
University of Pittsburgh ( email )
Katz Graduate School of Business
236 Mervis Hall
Pittsburgh, PA 15260
United States
412-648-1530 (Phone)
412-648-1693 (Fax)
HOME PAGE: http://www.business.pitt.edu/faculty/madhavan.html
Joseph T. Mahoney
University of Illinois ( email )
1206 South Sixth Street
339 Commerce West
Champaign, IL 61820
United States
217-244-7969 (Phone)
217-244-4102 (Fax)
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